Check out the companies making headlines before the bell: CrowdStrike \u2014 The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage. Nvidia \u2014 Shares gained 2% after Reuters, citing people familiar with the matter, reported Nvidia is preparing a version of its new Blackwell chips for the Chinese market. They would be compatible with current U.S. export controls, the report said. Bank of America \u2014 The bank stock dipped more than 1% in premarket trading after a filing revealed that Warren Buffett ‘s Berkshire Hathaway sold 33.9 million Bank of America shares for almost $1.5 billion last week. Berkshire remains Bank of America’s largest shareholder with a 10.8% stake after the sale. Berkshire may be taking some profits with the bank stock up 27.4% so far this year. Verizon \u2014 The telecommunications stock slid 3% after Verizon posted quarterly revenue that disappointed estimates. In the second quarter, the company reported sales of $32.8 billion, below the $33.05 billion FactSet consensus estimate. Adjusted earnings per share of $1.15 came in line with estimates. Abercrombie & Fitch \u2014 The retail stock jumped more than 3% after JPMorgan upgraded Abercrombie & Fitch to overweight from neutral, citing strong demand for the brand after improvements in marketing in recent years. Truist Financial \u2014 The bank stock slipped 1% as second-quarter profits dropped from a year ago, hurt by lower net interest income, which dampened loan demand, and a loss on the sale of securities. The bank said adjusted noninterest expenses were higher due to larger employee costs and professional fees. Apple \u2014 Shares gained 1% after Wells Fargo raised its price target on Apple to $275 from $225, implying more than 20% upside, ahead of the company’s earnings results. The Wall Street firm said it expects Apple Intelligence will drive a “significant upgrade cycle” for the iPhone maker. \u2014 CNBC’s Alex Harring and Yun Li contributed reporting.<\/span><\/span><\/span><\/span><\/p>\n<\/div>\n<\/div>\n Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":" Check out the companies making headlines before the bell: CrowdStrike \u2014 The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage. Nvidia \u2014 Shares gained 2% after Reuters, citing people familiar with the matter, reported Nvidia is preparing a version…<\/p>\n","protected":false},"author":1,"featured_media":83951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[78],"tags":[],"class_list":["post-83950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n