Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple and more

Check retired the companies making headlines earlier the bell.

Oracle — Shares jumped much than 5% aft Oracle announced a bushed connected apical and bottommost lines for the fiscal 4th quarter. Meanwhile, CEO Safra Catz said she expects adjusted net successful the fiscal archetypal 4th of $1.12 to $1.16 per share. Analysts polled by Refinitiv had expected $1.14 successful adjusted earnings.

Urban Outfitters — Shares roseate 3.4% pursuing an upgrade to overweight from adjacent value by Morgan Stanley. The steadfast said the retailer has a de-risked 2023 forecast and debased valuation.

Apple — Apple declined 0.7% successful the premarket aft UBS downgraded the banal to neutral from bargain precocious Monday. The Wall Street steadfast said it sees continued unit for iPhone request adjacent with enactment from emerging markets.

First Horizon — Shares fell 1.2% aft JPMorgan Chase moved to a neutral standing connected First Horizon. It antecedently had an overweight rating. The steadfast said the near-term outlook seems uncertain amid rising expenses.

Zions Bancorporation — Shares dipped 1.6% aft the determination slope said its nett involvement income outlook was "decreasing." The bank's erstwhile guidance described the outlook arsenic "moderately decreasing," according to StreetAccount. The update came successful a presumption published Monday afternoon.

Bunge — The agriculture institution said it would harvester with Rotterdam, Netherlands-based Viterra successful a banal and currency deal. The statement values Bunge astatine much than $8 billion. As portion of the deal, Bunge would instrumentality connected $9.8 cardinal of Viterra's debt. Bunge shares fell 1.9% successful premarket trading.

Home Depot — The retailer added 0.7% successful premarket trading. The institution reiterated net diminution projections for fiscal twelvemonth 2024 of 7% to 13% twelvemonth implicit year. Home Depot is besides slated to clasp an capitalist time astatine 9 a.m. EST.

Ulta Beauty — The quality banal roseate 0.8% aft Loop Capital upgraded Ulta Beauty to bargain from hold. The steadfast said Ulta's enlargement into the luxury class "represents a multi-year comparable income maturation driver," and its concern with Target volition "drive incremental income."

— CNBC's Brian Evans, Alex Harring, Hakyung Kim and Jesse Pound contributed reporting.