Check out the companies making headlines before the market opens. Shopify – The e-commerce platform operator reported third-quarter operating income of $283 million, up from $122 million in the same period last year, and its shares rose 14%. Shopify’s revenue of $2.16 billion was also higher than the FactSet estimate of $2.12 billion. Home Depot — Shares of the home improvement retailer rose 1.7% after the company beat profit expectations and raised its full-year forecast. Sales increased by more than 6% compared with the same period last year. Live Nation Entertainment — Shares of Live Nation Entertainment rose 5% after the live music and entertainment company reported better-than-expected third-quarter profit. Live Nation reported earnings of $1.66 per share, beating LSEG’s estimate of $1.59 per share. Revenue of $7.65 billion was below expectations of $7.75 billion. Twilio — Shares rose 1.7% after Wells Fargo upgraded the stock to overweight from equal share. The bank said it believes “Twilio can be the pick and shovel play for the next wave of artificial intelligence-native front-end and communications-driven genAI applications.” IAC — Shares rise 3% on news that IAC is considering spinning off home improvement marketplace Angi . Cryptocurrency Stocks – Some popular cryptocurrency stocks took a breather on Tuesday as Bitcoin retreated from new highs. Coinbase and Robinhood were both down more than 1%, while Riot Platforms was down about 4%. Microstrategy rose about 2%. Trump Media & Technology — Shares of Trump Media Inc. fell 4% after rising nearly 5% during Monday’s trading session. Shares rose more than 4% last week following the president-elect’s victory. Okta — The security software stock fell 1.6% after Deutsche Bank downgraded its rating to hold from buy. The investment firm said recent customer feedback on Okta has been mixed, with the company appearing to be growing slower than Wall Street expected. SentinelOne — SentinelOne shares rose 1.6% after Deutsche Bank upgraded the stock to buy from hold, saying a CrowdStrike-related outage in July helped build momentum. The Wall Street firm raised its price target on the cybersecurity company to $32 from $25, which would represent an upside of about 18% from Monday’s closing price. —CNBC’s Hakyung Kim, Michelle Fox, Lisa Han, Sarah Min and Jesse Pound contributed reporting
