Monday's top 4 stocks to watch include Apple, Shopify, and more.

As Wall Street searches for triggers in the wake of the choppy trading that dominated last week's holiday-shortened action, stocks displayed some slight weakness in Monday's premarket trade. Here are a few stocks to keep an eye on on Monday:

Amid worries that the unrest in China will have an influence on the iPhone maker's local production, Apple (NASDAQ:AAPL) saw its share price decline in premarket trading. This came after a Bloomberg report that the tech giant would run out of 6 million units of its iPhone Pro product. A 2% decline in shares occurred before to the opening bell.

In anticipation of the upcoming holiday shopping season, Shopify (SHOP) had a premarket increase of nearly 6%. The e-commerce platform disclosed over the weekend that its merchants experienced record Black Friday sales of $3.36B, up 17% from the previous year.

Williams-sales Sonoma's were sparked by a critical analyst statement (WSM). Following Morgan Stanley's downgrading of WSM to Sell in premarket trading, the stock fell 4%. According to analyst Simeon Gutman, the home furnishings industry will certainly face pressure in 2023, and the corporation will likely engage in major promotional activities.

Axsome (AXSM) increased by about 12% before the opening bell thanks to promising clinical study results. According to the biopharma company, a late-stage trial for its AXS-05 product's primary objective was achieved. Alzheimer's disease treatment candidate AXS-05 is undergoing testing.