With US futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Target Corporation (NYSE:TGT) to post quarterly earnings at $1.40 per share on revenue of $30.67 billion before the opening bell. Target shares dropped 0.1% to $166.69 in premarket trading Tuesday.
- Zoom Video Communications Inc (NASDAQ:ZM) reported better-than-expected Q4 results and issued strong guidance. Zoom shares climbed 6.5% to $78.52 in premarket trading Tuesday.
- Analysts are expecting AutoZone, Inc. (NYSE:AZO) to have earned $21.91 per share on revenue of $3.56 billion for the latest quarter. The company will release earnings before the markets open. AutoZone shares rose 0.1% to $2,575.00 in after-hours trading Monday.
- Workday Inc (NASDAQ:WDAY) reported upbeat results for its fourth quarter, but said it expects the environment to remain uncertain in the near term. Workday shares dropped 2.5% to $180.35 in premarket trading Tuesday.
- Analysts expect HP Inc. (NYSE:HPQ) to post quarterly earnings at $0.74 per share on revenue of $14.15 billion after the closing bell. HP shares gained 0.3% to $29.48 in after-hours trading Monday.
- U.S. oil producer Occidental Petroleum Corp (NYSE:OXY) said it would sharply raise spending this year, including on its direct air capture carbon-reduction project, which has been delayed to 2025. The Houston-based company posted fourth-quarter profit below Wall Street estimates on lower energy prices and higher costs. The direct air capture (DAC) project is closely watched by investors as a potential moneymaker. Occidental shares dropped 1% to $58.35 in premarket trading Tuesday.
- Ocugen (NASDAQ:OCGN) said it submitted an investigational new drug application with the Food and Drug Administration to start a Phase 1 clinical trial of vision treatment OCU200. The trial would look at OCU200 as a treatment of diabetic macular edema, or DME. Ocugen shares jumped 15.8% to $1.13 in premarket trading Tuesday.
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