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NIO is scheduled to report its quarterly earnings on Tuesday.
Hector Retamal/AFP via Getty Images
Stock futures were flat as Wall Street awaited a torrent of economic data on Tuesday and the rest of the week that will cap off a tough month for stocks.
These stocks were poised to make moves on Tuesday:
New
(
New
) announced worse-than-expected second-quarter results and shares of the US-listed Chinese electric car maker fell 2% in pre-market trading.
3M
(MMM) agreed to a A settlement of $6 billion To resolve allegations that it sold defective combat earplugs to the US military. The Wall Street Journal reported over the weekend that 3M and attorneys for the plaintiffs were close to a $5.5 billion settlement. Shares of 3M rose 1% in premarket trading after Monday’s close, with a gain of 5.2%.
AT&T
(T) was up 1.7% at $14.45 in pre-market trading, while the
Verizon Communications
(VZ) up 1.6%, to $34.09. Shares of the two telecoms giants were upgraded to buy from Neutral at
City
.
AT&T
The price target for Verizon was left unchanged at $17, while the price target for Verizon stock was increased to $40 from $39.
Hey there
HEI, a maker of products for the aerospace, defense, medical, communications and electronics industries, reported fiscal third-quarter earnings and sales that beat analyst estimates but operating margins fell to 20.7% from 22.6% a year earlier. . The stock is down 5.7% in pre-market trading.
Catalnet
CTLT shares rose 0.2% after a Reuters report said the drugmaker was close to reaching a settlement with activist investor Elliott Investment Management that would include adding new board members and a pledge to review strategic alternatives such as selling the company.
Catalnet
It is scheduled to report its fiscal fourth-quarter earnings before the opening bell on Tuesday.
inspiration
(ORCL) fell 2.6% to $119.86 after analysts at UBS upgraded the software company’s stock rating to Buy on Neutral and raised its share price target to $140 from $120.
best buy
(BBY), the consumer electronics chain, is expected by Wall Street to report adjusted financial earnings for the second quarter of $1.06 per share on revenue of $9.52 billion. a year ago,
best buy
He earned $1.54 a share on revenue of $10.6 billion. Best Buy rose 2.6%.
PDD Holdings
(PDD), the parent company of e-commerce sites Pinduoduo and Temu, reported second-quarter adjusted earnings that beat analyst estimates and the stock jumped 14%.
Write to Joe Woelfel at [email protected]
(tags for translation) Machinery
