Stock futures were falling modestly Tuesday after the Nasdaq slid almost 2% on Monday, its worst session since Dec. 22.
These stocks were poised to make moves Tuesday:
(CVNA) was rising 6.3% in premarket trading after shares of the used-car retailer soared nearly 29% in the previous session. Despite the gains, the stock remains down more than 93% over the past 12 months.
(NXPI) fell 3.7% after the chip maker’s forecast for first-quarter earnings and revenue missed Wall Street estimates.
(WHR) was rising 1.7% after the home appliance company reported a sales drop in the fourth quarter and full year but said it expects a $800 million to $900 million benefit in 2023 from “strong cost takeout actions and easing raw material inflation.”
) was down 2.8% after the Swiss bank reported a surprise increase in fourth-quarter earnings but saw pretax profit fall 84% amid a slump in dealmaking.
(HLIT) was down 11.6% after the video-streaming and broadband services company posted fourth-quarter earnings below analysts’ expectations and issued first-quarter guidance that also came up shy of estimates.
(CAT) reports quarterly earnings on Tuesday. Wall Street is looking for earnings of $4.02 a share on sales of $15.8 billion. A year ago,
reported a profit of $2.69 a share on sales of $13.8 billion.
(GM) and the global auto industry are facing tough headwinds in 2023. The auto maker reports fourth-quarter earnings on Tuesday. Wall Street anticipates earnings of $1.69 a share on sales of sales of $40 billion.
(XOM) is on track to close out its most profitable year ever, with analysts projecting that the company earned $58 billion in 2022. The oil giant will report fourth-quarter earnings on Tuesday.
(PFE) reports quarterly earnings before the stock market opens Tuesday. Investors will be monitoring 2023 guidance from the drug maker and how steeply
expects Covid-19 vaccine sales to drop this year.
United Parcel Service
(MCD), and Spotify Technology (SPOT) also are scheduled to issue quarterly reports ahead of Wall Street’s open on Tuesday.
Write to Joe Woelfel at firstname.lastname@example.org