Stock futures were rising slightly Tuesday as Wall Street awaited the release of the consumer price index, which is expected to show that U.S. inflation likely eased in October because of a drop in gasoline prices.
These stocks were poised to make moves Tuesday:
(HD) reported third-quarter earnings that beat analysts’ estimates and the home-improvement retailer said same-store sales in the period declined 3.1%. U.S. same-store sales fell 3.5%.
said it expects fiscal-year same-store sales to fall 3% to 4%. It expects per-share earnings in the fiscal year down 9% to 11%. Shares rose 0.9%.
(FSR) was falling 13% after the electric-vehicle maker reported a wider-than-expected third-quarter loss and sales of $71.8 million that missed estimates of $143.1 million.
didn’t include full-year production guidance along with the third-quarter results. In August, the company said it planned to build about 20,000 to 23,000 units in 2023. which was trimmed from earlier guidance.
(TSLA) was rising 1.5% in premarket trading to $226.99 after shares of the EV maker closed 4.2% higher on Monday. The gains in the premarket session put the price up about $17 from where it closed last Thursday, when HSBC analyst Michael Tyndall launched coverage of the stock with a Sell rating and a price target of $146.
(NVDA) was up 0.7% after the stock closed 0.6% higher Monday, extending the stock’s winning streak to nine sessions. It’s the longest winning streak for
since Dec. 27, 2016, when it rose for 10 trading days in a row, according to Dow Jones Market Data. On Monday, Nvidia unveiled its newest artificial-intelligence chip.
(TECK) was rising 4.3% after Glencore bought a 77% stake in the Canadian miner’s steelmaking coal business for $6.93 billion.
(SNAP) was rising 4.2% after
(AMZN) said it would allow
users in the U.S. to buy some products listed on the e-commerce giant’s website directly from the Snapchat app, Reuters reported.
Earnings reports are also expected Tuesday from
(KHC) rose 1.7% to $33.79 after shares of the consumer food and beverage company were upgraded to Outperform from Market Perform at Bernstein. The price target was left unchanged at $40.
Write to Joe Woelfel at [email protected]