Here’s a look at the companies making headlines before the bell: Dollar Tree — Shares fell 7% after the discount retailer reported disappointing quarterly results and announced the closing of several stores. Dollar Tree reported adjusted profit of $2.55 per share. Still, it’s unclear whether that figure is comparable to StreetAccount’s estimate of $2.66 per share. Dollar Tree also said it plans to close nearly 1,000 stores. Dollar General — Shares of the discount retailer fell 2% after rival Dollar Tree reported earnings. Dollar General is scheduled to report earnings before the market opens on Thursday. Petco Health & Wellness — Shares of Petco Health & Wellness rose 3.5% after the pet retailer reported better-than-expected fourth-quarter revenue. Petco’s adjusted earnings per share were 2 cents on revenue of $1.67 billion. Analysts polled by London Stock Exchange Group (LSEG) had expected earnings of 2 cents per share on revenue of $1.67 billion. Tesla — Shares of Tesla fell 2% after Wells Fargo downgraded the electric car maker to underweight from equal weight. The bank said it believed “sales are at risk as the impact of price cuts is fading”. Carnival, Royal Caribbean – Carnival and Royal Caribbean rose 1.7% and 1.8% respectively after Goldman Sachs gave Carnival and Royal Caribbean its first buy ratings. Crypto Stocks – Stocks whose performance correlates with the price of Bitcoin rose as the cryptocurrency hit new records. Microstrategy, which has adopted an aggressive Bitcoin acquisition strategy, rose 5%. In the mining sector, Marathon Digital and CleanSpark gained more than 2% each, while Riot Platforms and Iris Energy gained 1% each. Bitdeer gained nearly 4% after BTIG began covering its $15 price target, implying an upside potential of nearly 140%. GE Healthcare Technologies – Shares of GE Healthcare Technologies fell 5% after announcing a secondary offering of 13 million shares. Texas Roadhouse — Shares of the restaurant chain rose 1.5% after Baird rated it an outperform, citing relatively strong traffic. Eli Lilly and Co., Amazon — Eli Lilly and Co. said Wednesday it is partnering with Amazon Pharmacy to help deliver certain prescription drugs, including weight loss drug Zepbound. Eli Lilly shares rose nearly 1%, while Amazon shares fell slightly. —CNBC’s Michelle Fox, Fred Imbert and Tanaya Macheel contributed reporting
