Check out the companies making headlines before the bell. American Airlines – Shares gained more than 4% after TD Cowen upgraded the airline to a buy from a hold rating and lifted its price target to a Wall Street high. The new target implies roughly 47% upside from Friday’s close. FuboTV – The streaming provider rose more than 165% after the company confirmed it struck a deal to combine its online live TV businesses with Walt Disney . The new venture, which will include Disney’s Hulu + Live TV business, will be 30% owned by Fubo and 70% by Disney and form the second-largest digital pay-TV provider after YouTube TV. Boeing – The aircraft stock added about 2% before the opening bell after an upgrade to overweight at Barclays. Analyst David Strauss said a tough 2024 for Boeing stock could give way for a rebound in the new year on strong deliveries and production. Citigroup – The stock added 2% on the back of an upgrade at Barclays to overweight from equal weight . The firm cited an improved outlook for large-cap banks and believes Citi may be at a turning point after posting annual revenue growth and positive operating leverage for its businesses. Chip stocks – Shares of chip stocks rose on Monday following contract electronics giant Foxconn’s record revenue for the fourth quarter . Shares of Taiwan Semiconductor and Micron Technology each gained more than 5%, while Nvidia and Advanced Micro Devices advanced almost 3%. Broadcom , another U.S. chipmaker, moved more than 1% higher. Xpeng – U.S.-listed shares of the Chinese electric vehicle maker rose more than 4% after the firm announced that it’s planning to expand its partnership with Volkswagen in China, with both companies opening their super-fast charging networks in the country to the other’s customers. European shares of Volkswagen rose more than 5% following the announcement. MicroStrategy – Shares jumped about 4% on the heels of the bitcoin proxy announcing that it was targeting a capital raise of up to $2 billion of preferred stock . MicroStrategy said the target was to further strengthen its balance sheet and acquire more bitcoin. Microsoft – Shares rose around 1% after Bernstein lifted its price target by $5 to $516. Bernstein said concerns around converting capital expenditures to revenue that have pushed away investors should subside shortly. Plug Power – The developer of hydrogen fuel cell systems rose about 6% in Monday’s premarket trading, adding on to its Friday rally of 13%. These moves come after the U.S. Department of the Treasury released final rules for billions in tax credits for companies involved in making hydrogen in an effort to grow the clean energy industry. Chewy – The e-commerce stock rose more than 4% after an upgrade to outperform from neutral at Mizuho. The investment firm said Chewy’s recent increase in advertising is “opportunistic” and not a sign that pet-related spending is on the decline. Auto stocks – Shares of automakers gained after the Washington Post, citing three people familiar with the matter, reported that aides to President-elect Donald Trump are discussing only imposing tariffs on certain sectors considered critical to national or economic security rather than on all imports. Lucid Group and Ford Motor shares jumped 3% and 2%, respectively, while shares of Tesla moved more than 2% higher. — CNBC’s Lisa Kailai Han, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans and Michelle Fox contributed reporting.