With US stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Li Auto Inc. to report a quarterly loss at $0.06 per share on revenue of $1.12 billion before the opening bell. Li Auto shares fell 2% to $31.85 in premarket trading Monday.
- Best Buy Co Inc is slashing store jobs to lower costs as the spending habits of customers change, the Wall Street Journal reported. Best Buy shares gained 1.6% to $81.57 in the after-hours trading session Friday.
- Analysts are expecting Tencent Music Entertainment Group to have earned $0.07 per share on revenue of $1.23 billion for the latest quarter. The company will release earnings after the markets close. Tencent Music shares gained 0.2% to $4.42 in premarket trading Monday.
- Beam Global reported downbeat results for its second quarter on Friday. Beam Global shares dropped 4.6% to $17.01 in the after-hours trading session Friday.
- Analysts expect Ferroglobe PLC to post quarterly earnings at $0.84 per share on revenue of $738.10 million after the closing bell. Ferroglobe shares gained 1.6% to $6.95 in after-hours trading Friday.
- Tesla CEO Elon Musk on Sunday tweeted a congratulatory message to Gig Shanghai for producing its one millionth car, and announced that Tesla has now manufactured over three million electric vehicles. Tesla shares fell 0.5% to $896 in premarket trading Monday.
- Peloton Interactive Inc. will embark on a sweeping overhaul that includes cutting nearly 800 jobs, raising prices for its Bike+ and Tread machines, and outsourcing functions such as equipment deliveries and customer service to outside companies. Peloton shares slid 1.3% in premarket trading Monday.
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