Today's Pre-Market Stock Movers: AAPL, ORCL, FHN, URBN and More

$Oracle (ORCL.US)$ +5.39% (Oracle announced a beat on top and bottom lines for the fiscal fourth quarter. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the fiscal first-quarter of $1.12 to $1.16 per share. Analysts polled by Refinitiv had expected $1.14 in adjusted earnings.)

$Ulta Beauty (ULTA.US)$ +0.96% (Loop Capital upgraded Ulta Beauty to buy from hold. The firm said Ulta's expansion into the luxury category “represents a multi-year comparable sales growth driver,” and its partnership with Target will“drive incremental income".)

$Home Depot (HD.US)$ +0.55% (The company reiterated earnings decline projections for fiscal year 2024 of 7% to 13% year over year. Home Depot is also slated to hold an investor day at 9 a.m.)

$Urban Outfitters (URBN.US)$ +3.92% (Shares rose following an upgrade to overweight from equal weight by Morgan Stanley. The firm said the retailer has a de-risked 2023 forecast and low valuation.)

$Apple (AAPL.US)$ -0.52% (UBS downgraded the stock to neutral from buy late Monday. The Wall Street firm said it sees continued pressure for iPhone demand even with support from emerging markets.)

$First Horizon National (FHN.US)$ -1.86% (JPMorgan moved to a neutral rating on First Horizon. It previously had an overweight rating. The firm said the near-term outlook looks uncertain amid rising expenses.)

$Zions Bancorp (ZION.US)$ -2.28% (The regional bank said its net interest income outlook was “decreasing.” The bank's previous guidance described the outlook as “moderately decreasing,” according to StreetAccount. The update came in a presentation published Monday afternoon.)

$Bunge (BG.US)$ -1.91% (The agriculture company said it would combine with Rotterdam, Netherlands-based Viterra in a stock and cash deal. The agreement values Bunge at more than $8 billion. As part of the deal, $9.8 billion of Viterra's debt. )