An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into Microsoft’s Xbox One video game console.<\/p>\n
Michael Ciaglo | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making the biggest moves before the bell.<\/em><\/p>\n Activision Blizzard<\/a><\/span><\/span><\/span> \u2014 The video-game maker popped 4% after Microsoft and Sony signed a deal to keep Call of Duty<\/a> on Sony’s PlayStation gaming consoles following Microsoft’s acquisition of Activision Blizzard.<\/p>\n <\/img><\/p>\n <\/img><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Chewy<\/a><\/span><\/span><\/span> \u2014 Shares jumped more than 5% after Goldman Sachs upgraded them to buy from neutral<\/a>. The firm said the e-commerce pet products company has an attractive risk\/reward profile and could see margins expand.<\/p>\n PepsiCo<\/a><\/span><\/span><\/span> \u2014 The beverage giant dropped 1.2% following a downgrade by Morgan Stanley to equal weight from overweight. Pepsi’s strong earnings report and potential upside are now priced into the stock, resulting in limited upside ahead, Morgan Stanley said.<\/p>\n Yelp<\/a><\/span><\/span><\/span> \u2014 Shares gained 3.6% after being upgraded by Goldman Sachs to buy from neutral<\/a>. The Wall Street bank also raised its price target to $47, suggesting 23.3% upside from Friday’s close. Goldman cited rising advertising trends, incremental margin opportunity and increased shareholder returns in the years ahead for the call.<\/p>\n Tesla<\/a><\/span><\/span><\/span> \u2014 The electric-vehicle maker added nearly 2% in the premarket. On Saturday, the company said it built its first cybertruck<\/a> after two years of delays.<\/p>\n Paramount Global <\/a><\/span><\/span><\/span>\u2014 Shares of the entertainment company fell 2.8% in premarket trading after the latest installment in the “Mission: Impossible” franchise underperformed expectations at the box office. The movie earned $56.2 million domestically over the weekend \u2014 which was below the previous movie in the franchise \u2014 and $80 million over its first five days of release, according to Variety<\/a>.<\/p>\n AT&T<\/a><\/span><\/span><\/span> \u2014 Shares shed 1.5% following a downgrade by Citi to neutral from buy. The Wall Street firm cited the industry’s historical use of cabling sheathed in lead weighing on the company for at least a few months or potentially longer.<\/p>\nrelated investing news<\/h2>\n