Check out the companies making headlines before the bell: Novo Nordisk – Shares jumped 6.6% after the Danish pharmaceutical company reported positive data for a phase 1 trial of its new experimental obesity drug, amicretin. Shares of Eli Lilly, the company's US competitor, fell 0.7% on the news. Nvidia – Semiconductor companies were broadly higher as a group, with the VanEck Semiconductor ETF up 1.5% pre-market. Nvidia shares rose 1.8% after Mizuho said the stock could reach $1,000. Micron Technology shares advanced 3.9% after Stifel upgraded semiconductors to buy from hold and raised its price target. Broadcom shares rose 1.9%. Intel shares rose 1.7%. Kroger – Shares rose 6% after the department store chain reported better-than-expected fourth-quarter earnings. The company earned $1.34 per share, excluding certain items. Analysts surveyed by LSEG expected earnings of $1.13 per share. Revenues of $37.06 billion came in slightly below expectations. American Eagle Outfitters – Shares rose 13% after the apparel retailer reported fourth-quarter results that beat analysts' expectations. American Eagle Outfitters earned 61 cents per share, excluding items, on revenue of $1.68 billion. Analysts expected earnings of 50 cents per share on revenue of $1.67 billion, according to LSEG. Tesla – Tesla shares fell 2% premarket, putting the electric car maker on track to extend its 12% decline this week. On Thursday, Citi maintained a hold rating on the stock, saying it would wait for a “more compelling entry point.” New York Community Bancorp – Shares of the regional bank rose 3% after the release of updated financials. The New York Commercial Bank reported $77.2 billion in deposits as of March 5, down from $83 billion on February 5. Victoria's Secret – Shares fell 29% a day after the retailer issued disappointing guidance for the first quarter and full year. Victoria's Secret expects full-year revenue to reach $6 billion, less than the $6.2 billion expected by analysts surveyed by FactSet. Revised operating income guidance also missed estimates. – CNBC's Michelle Fox, Hakyung Kim, Jessie Pound and Pia Singh contributed reporting. Correction: Community Bank of New York deposits on February 5 were $83 billion. An earlier version misstated this number.
