Check out the companies making the biggest moves in premarket trading: Apple — Apple shares lost 2% before the bell after Barclays downgraded the iPhone maker to underweight, citing weak iPhone 15 volumes, along with Macs, iPads, and wearables. In addition, Apple’s widening P/E multiple doesn’t look “sustainable,” the bank said. Tesla — Shares slipped about 1% ahead of the electric-vehicle maker’s release of its fourth-quarter delivery numbers. Analysts expect 477,000 deliveries in the quarter, according to StreetAccount. Tesla has forecast a total of 1.8 million deliveries for 2023, trailing the 3 million new vehicles Chinese EV giant BYD said it delivered in 2023. BYD’s U.S.-listed shares dipped 2.8%. Li Auto , Nio, XPeng — U.S.-listed shares of the Chinese EV makers all fell after reporting their latest delivery numbers. Li Auto dropped nearly 5% despite delivering 50, 353 vehicles in December, a 137% year- over-year increase. Nio fell 2.5% following its announcement of more than 18,012 vehicles delivered in December, nearly 14% more than the year prior. XPeng dipped 2% after reporting 20,115 deliveries last month, a 171% year-over-year advance. Estee Lauder — The cosmetic giant lost 2.4% following a downgrade by Deutsche Bank to hold from buy. The bank said it sees near-term risk if Estee Lauder’s China inventory and economic rebound is delayed and the U.S. market slows down. GoodRx — Shares tumbled nearly 7% after a downgrade to underperform from buy at Bank of America Securities. The bank cited changes to the competitive landscape, including new offerings from large pharmacy benefits managers. Baidu , Joyy — U.S.-listed shares of Baidu slipped nearly 2% after the Chinese tech giant halted its planned acquisition of Joyy’s live-streaming business in China. Joyy tumbled 10%. ASML — The U.S.-traded shares of the Dutch semiconductor equipment company fell more than 3% after ASML said the Netherlands has blocked it from shipping some chipmaking…
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