Check out the companies making headlines in pre-market trading. Tesla — Shares of the electric car company rose 3%, extending gains after the bell on Friday after Chief Executive Musk said the company would launch its long-awaited robotaxi design on Aug. 8 . Ulta – The cosmetics stock gained 1.3% on Friday. After Loop Capital upgraded its buy rating, analyst Anthony Chukumba believes the stock could rebound after suffering its worst decline since 2020 last week. BJ’s Wholesale — Shares of the warehouse club rose 2.4% after Goldman Sachs upgraded its rating to buy from neutral. The bank expects BJ’s’ profit outlook to trend upward, driven by a combination of factors including a return to growth in grocery sales. Boeing Co. – Shares fell about 1% in premarket trading. On Sunday, the Federal Aviation Administration said a 737-800 operated by Southwest Airlines had to return to Denver Airport after an engine hood detached from the plane and struck a wing flap mid-flight. TSMC — Shares of Taiwan Semiconductor Manufacturing Co. rose 2% after the company’s Arizona unit received a proposal from the Biden administration for $6.6 billion in funding under the Chip and Science Act. Take-Two Interactive — Shares of the video game holding company rose more than 2% after a rating upgrade from Citigroup. UiPath Inc. — Shares of the software company rose about 1% after KeyBanc upgraded the stock to overweight, saying its “market entry and leadership changes over the past two years are starting to bear fruit.” Fastly — Shares of the cloud computing company rose nearly 4% after Piper Sandler upgraded the company to overweight. Analyst James E. Fish pointed out that strong valuations and stable fundamentals present an attractive risk-reward bias. —CNBC’s Michelle Fox contributed reporting
