Check out the companies making headlines in premarket trading. AMD — Shares added nearly 3% before the opening bell following news that the semiconductor company would acquire ZT Systems in a $4.9 billion deal. Estée Lauder — The cosmetics stock pulled back 4% after the the company issued a disappointing first-quarter earnings and full-year outlook, although it wasn't clear if the figures are comparable to FactSet estimates.
upgraded Taylor Morrison Home to buy from neutral on Monday, citing increased confidence in the company's long-term goals and the stock's compelling valuation. HP — Shares dipped 2% after Morgan Stanley downgraded HP to equal weight from overweight, saying the tech company has limited upside. — CNBC's Michelle Fox and Sarah Min contributed reporting