Quantum stocks dropped sharply after Mark Zuckerberg's comments on the long-term viability of quantum computing. In contrast, managed care stocks surged following a proposed increase in Medicare Advantage reimbursement rates. Other notable movers include Boot Barn, Pinterest, and Lululemon.
Check out the companies making headlines before the bell: Quantum stocks — Quantum stocks tumbled on Monday morning, following comments from Mark Zuckerberg echoing Nvidia CEO Jensen Huang that quantum is at least a decade away from being a "useful paradigm." Zuckerberg made the comments on a Friday episode of the "Joe Rogan Experience.
Macy's — Shares fell 2% after Macy's issued a lackluster update to its fourth-quarter guidance . Revenue is expected to come in slightly below or at the lower end of previous guidance of $7.8 billion to $8.0 billion. Comparable sales are expected to be roughly flat quarter to date, compared with the consensus estimate of a 0.4% rise, according to FactSet.
Finance QUANTUMCOMPUTING MANAGEDCARE BOOTBARN PINTEREST LULULEMON
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