Tesla, Apple, Ciena and More: U.S. Stocks to Watch

Stock futures traded mostly flat Monday as Wall Street kicked off a week that includes testimony before Congress from Federal Reserve Chairman Jerome Powell and the U.S. jobs report for February.

These stocks were poised to make moves Monday:

Tesla $(TSLA)$ was rising slightly in premarket trading after the electric-vehicle company cut prices on its Model S and Model X cars in the U.S.

Based on postings on Tesla's website, the price for a Model S was dropped $5,000, bringing the basic version to $89,990. The cost of the Model X SUV was dropped by $10,000, bringing the price for the basic version to $99,990.

Apple $(AAPL)$ gained 0.8% to $152.25 after Goldman Sachs analyst Michael Ng initiated coverage on shares of the iPhone maker with a Buy rating and price target of $199, the Fly reported.

Ciena $(CIEN)$ and Lordstown Motors $(RIDE)$ are expected to release quarterly earnings before the opening bell Monday, while Nutanix $(NTNX)$ and Guidewire Software (GWRE) are expected to release results after stock markets close.

Earnings reports will be issued later this week from CrowdStrike Holdings $(CRWD)$, Campbell Soup $(CPB)$, and Oracle $(ORCL)$.