Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the automaker, effective immediately. The company cited "different views" between Tavares and the board of directors as the reason for the departure. Goldman also initiated Commercial Metals Company as a buy, though shares of that company were flat premarket. Hasbro -- The toy and game company's stock ticked up 1.7% as investors monitored the sales results around Black Friday.

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Persons: Carlos Tavares, Tavares, Tesla, Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Goldman Sachs, Mike Harris, Donald Trump's, Goldman, Stifel, —, Samantha Subin, Jesse Pound, Hakyung Kim nnd Sarah Min Organizations: JPMorgan, Intel, . Steel, —, Commercial Metals Company, Hasbro, Black Locations: Cleveland