With US stock futures trading slightly higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
- Advanced Micro Devices Inc (NASDAQ:AMD) forecast some strength in its data center business and promised to be careful with spending, sending shares up 4.8% in premarket trading despite business being hit by a deepening PC market slump.
- Airbnb Inc (NASDAQ:ABNB) forecast holiday-quarter revenue that could fall short of market expectations, saying a strong dollar had started to pressure its business and bookings would moderate, sending its shares down 5.8% in premarket trading.
- Analysts are expecting Qualcomm Incorporated (NASDAQ:QCOM) to have earned $3.15 per share on revenue of $11.39 billion for the latest quarter. The company will release earnings after the markets close. QUALCOMM shares gained 0.6% in premarket trading.
- Analysts expect eBay Inc. (NASDAQ:EBAY) to post quarterly earnings at $0.93 per share on revenue of $2.33 billion after the closing bell. eBay shares rose 0.1% in premarket trading.
- Wall Street expects CVS Health Corporation (NYSE:CVS) to report quarterly earnings at $1.99 per share on revenue of $76.75 billion before the opening bell. CVS Health shares dropped 0.1% to close at $94.62 on Tuesday.
- Shares of Benefitfocus, Inc. (NASDAQ:BNFT) jumped in after-hours trading on Tuesday after the company announced it will be acquired by Voya Financial, Inc. for $10.50 per share. Benefitfocus shares fell 0.9% to close at $6.99 on Tuesday.
- Before the markets open, Humana Inc. (NYSE:HUM) is projected to report quarterly earnings at $6.28 per share on revenue of $22.69 billion. Humana shares slid 0.6% to close at $554.49 on Tuesday.
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