Check out the companies making headlines before the bell:
Delta Air Lines (DAL) — Delta shares rose 2.2% premarket after the airline topped top and bottom-line estimates for the fourth quarter. Delta earned an adjusted 22 cents per share, 8 cents above estimates, and said it expects a strong spring and summer travel season.
Boeing (BA) – Boeing's 737 MAX jet could resume service in China later this month, according to a Bloomberg report. Boeing gained 2.6% in the pre-market.
Moderna (MRNA) – Moderna expects to report data from its Covid-19 vaccine trials in children ages 2 to 5 by March. If the data are supportive, the company will seek authorization to vaccinate this age group. Moderna is down 1.1% premarket.
Virgin Orbit (VORB) – Virgin is scheduled to launch its first commercial satellite since its IPO later today. The stock is up 2.1% premarket after falling 5.8% in Wednesday trading.
Taiwan Semiconductor (TSM) – Taiwan Semiconductor reported a record quarterly profit, with the chipmaker beating analysts' forecasts and also providing an upbeat outlook amid rising demand for semiconductors. The stock is up 3.8% premarket.
KB Home (KBH) – KB Home reported quarterly earnings of $1.91 per share, 14 cents above estimates, even though the home builder's earnings came in slightly below analysts' forecasts. KB Home also issued a positive outlook for 2022, and its shares are up 7.7% in premarket trading.
Lennar (LEN) — Lennar increased its dividend by 50% and boosted its annual payout to $1.50 per share from $1.00. The construction company's next quarterly dividend of 37.5 cents per share will be paid on February 10 to shareholders of record since January 27. The stock is up 2.4% premarket.
SolarEdge Technologies (SEDG), Enphase Energy (ENPH) – SolarEdge rose 2.3% in premarket trading, while Enphase rose 3.2% after both alternative energy companies were upgraded to buy from neutral at the Guggenheim. The company said the potential downsides it had highlighted over the past year — like high valuations and upbeat forecasts — have largely unraveled.
Sunrun (RUN) – The solar equipment company is up 2.1% in premarket trading after being named a top stock pick for 2022 by Morgan Stanley, which places Sunrun among companies with strong barriers to entry and low priced-in growth.
Match Group (MTCH), Bumble (BMBL) – Goldman Sachs upgraded the dating service operators to "buy" from "neutral" and said both would benefit from "the industry's structural tailwinds" in the coming years. Match is up 3.2% in premarket trading and Bumble is up 3.1%.