Check out the companies making headlines before the bell: Ford Motor — The automaker fell 2.1% after Jefferies downgraded shares to underperform from hold . The firm mentioned concerns of an inventory overhang along with valuation. Honeywell — The industry giant saw shares rising 3% in premarket trading after the company said its board is exploring the possibility of separating its aerospace division. Super Micro Computer — Shares lost nearly 14% following a Friday Bloomberg report that the data center company had hired investment bank Evercore ISI to help it raise equity and debt capital. This comes after Super Micro missed deadlines to file its annual and quarterly financial reports. Concerns have now grown that the company might be delisted by the Nasdaq, despite CEO Charles Liang’s reassurance that this will not happen. Microchip — The semiconductor products stock declined 2.5% following a downgrade by Bank of America to underperform from neutral. MicroStrategy — The bitcoin proxy stock rose 3.8% after Nasdaq announced its addition to the tech-heavy Nasdaq-100 index. Axon — The weapons manufacturer added nearly 3% on the news that the stock will be joining the Nasdaq-100 later this month. Keysight Technologies — The electronics manufacturer gained 2% following an upgrade at JPMorgan to overweight from neutral. The bank cited a broader cyclical recovery as well as Keysight’s Spirent acquisition, which should provide the company greater leverage and a strong margin improvement cadence, as catalysts. Micron Technology — Shares rose nearly 4%. The semiconductor manufacturer is set to report quarterly earnings after the bell Wednesday. JPMorgan said in a note Monday it expects strong results. Broadcom — The semiconductor company climbed 3%, putting it on track to add to its sharp gains from the previous session. Broadcom surged more than 24% on Friday after it reported better-than-expected fourth-quarter results, pushing its market cap above $1 trillion for the first time. Capri Holdings — Shares rose 3.3% after Women’s Wear Daily reported that the retail company is working with Barclays to explore potential buyers for its Versace and Jimmy Choo brands. — CNBC’s Lisa Kailai Han, Yun Li, Michelle Fox and Pia Singh contributed reporting.
