US Stock futures were rising sharply Monday on reports that President Donald Trump will be narrowing his tariff plans.

These stocks were poised to make moves Monday:

Tesla rose 3.7% in premarket trading to $257.94. While shares of the electric-vehicle maker rose 5.3% on Friday, the gain wasn't enough to prevent the stock from falling for a ninth-straight week. Investors have sent the stock lower over that stretch believing that CEO Elon Musk has spent too much time on his political activities and not on the business of selling cars.

BYD, the world's largest EV maker and Tesla rival, is scheduled to report fourth-quarter earnings Monday. The stock rose 3% in Hong Kong trading.

Strategy rose 5.1% in premarket trading. The major Bitcoin investor has lowered the price of its coming preferred stock offering. In a filing Friday, the software company, which now does business under the name Strategy, said it would sell perpetual preferred stock at $85 a share, 15% below the $100 price it originally expected when it filed for the sale earlier this week. The company, however, increased the size of its offering and now will sell 8.5 million shares to net $711.2 million after expenses.

Azek jumped 18.4% to $48.99 after the manufacturer of outdoor living products agreed to be acquired by Australian-listed James Hardie Industries $8.75 billion in cash and stock. The deal values Azek at about $56.88 a share, a 26% premium to its volume weighted-average price over the past 30 days.

DoorDash rose 1.5%, TKO Group Holdings was up 1.3%, Williams-Sonoma gained 1.4%, and Expand Energy rose 0.5% with the stocks joining the S&P 500 on Monday.

Earnings reports are expected Monday from KB Home, Oklo, and Intuitive Machines.

Reports are expected later in the week from McCormick, GameStop, Lululemon Athletica, Walgreens Boots Alliance, Core & Main, Smithfield Foods, Pony AI, Cintas, Paychex, Dollar Tree, Chewy, Jefferies Financial Group, and SailPoint.