Stock futures were rising Wednesday after the
Dow Jones Industrial Average
closed higher for the seventh-straight session. Stocks got a lift Tuesday from banks and tech stocks, particularly those related to artificial intelligence.
These stocks were poised to make moves Wednesday:
Carvana
(CVNA) tumbled 8% in premarket trading after the used-car retailer moved forward the release of its second-quarter earnings by more than two weeks.
Carvana
will report earnings on Wednesday. Results previously were scheduled for Aug. 3. The stock has gained 740% this year.
Goldman Sachs
(GS) is scheduled to report quarterly earnings before the stock market opens. Wall Street expects a sharp drop in profit at the bank because of a tepid climate for merger and acquisitions. Analysts expect
Goldman Sachs
to report second-quarter earnings of $3.16 a share, down from $7.73 a year earlier.
Tesla
(TSLA) declined 0.2% ahead of earnings from the electric-vehicle maker after the close of trading Wednesday. Apart from Tesla’s earnings, the speed and cost at which the company can expand its manufacturing footprint will be a topic of discussion on the company’s conference call, scheduled for 5:30 p.m. Eastern Time.
ASML
(ASML) was falling 0.9% in premarket trading. The Dutch manufacturer of lithography systems for the semiconductor industry raised its annual sales guidance despite warning of a delayed recovery in the semiconductor industry.
Omnicom Group
(OMC) declined 6.8% after second-quarter revenue at the advertising holding company missed analysts’ expectations.
Shares of
Joby Aviation
(JOBY), the maker of electric air taxis, were downgraded to Underweight from Neutral at J.P. Morgan. The price target was raised to $6 from $5. The stock was down 7.1% in premarket trading to $9.35.
U.S. Bancorp
(USB) and
Halliburton
(HAL) are among companies reporting earnings before the opening bell Wednesday.
Netflix
(NFLX),
International Business Machines
(IBM), and
United Airlines
(UAL) are scheduled to release earnings after the close of trading.
Write to Joe Woelfel at [email protected]
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