Check out the companies making headlines before the market opens. NIO – The Chinese electric car maker’s U.S.-listed shares soared more than 13% after the company announced it would inject 13.3 billion yuan into its NIO China. “Strategic investors” will inject 3.3 billion yuan, and the remaining funds will come from NIO. . Stellantis — Shares of Stellantis plunged more than 13% after the automaker cut its full-year outlook, citing a worsening “global industry backdrop.” Ford and General Motors were also less sympathetic. Alibaba – Shares of the Chinese e-commerce giant rose about 4% after China’s central bank announced it would require banks to lower mortgage rates on existing home loans by the end of next month. It also spurred a broader rally in China’s stock market, which had its best trading day since 2008. Rocket Lab – Shares rose more than 3%, extending gains of more than 12% in Friday’s trading session. On Friday, KeyBanc Capital Markets raised its price target on the aerospace and defense company, citing “increased visibility/confidence in RKLB’s ability to scale its business.” CVS Health – The pharmacy stock rose nearly 3% after the Wall Street Journal reported that hedge fund Glenview Capital, the company’s main shareholder, is expected to meet with CVS leadership on Monday to propose solutions for the struggling business. This could be the first step in a positive push. Crypto Stocks – Stocks tied to the price of Bitcoin retreated as the cryptocurrency fell as investors faced uncertainty following Tuesday’s anticipated U.S. Eastern and Gulf Coast port strikes and sharp gains last week. Coinbase fell 3% in premarket trading, while MicroStrategy fell 5%. Bitcoin fell 3%, trading below $64,000. —CNBC’s Lisa Kailai Han, Sarah Min and Tanaya Macheel contributed reporting.
