By Joe Woelfel
Stock futures rose Monday after a shutdown of the U.S. government was averted and bond yields climbed as Wall Street turned its attention back to the future path for interest rates.
These stocks were poised to make moves Monday:
Tesla $(TSLA)$ is expected to report third-quarter deliveries on Monday. Estimates have varied but the latest is that the electric-vehicle giant will post deliveries of 461,000, according to FactSet. Tesla delivered about 466,000 vehicles in the second quarter. Separately, Tesla also unveiled an updated version of its Model Y in China. The stock was rising 0.8% in premarket trading.
U.S.-listed shares of Chinese EV makers NIO ( NIO), XPeng $(XPEV)$, and Li Auto $(LI)$ also were trading higher after the companies reported a combined 66,831 deliveries in September, up 116% from a year earlier. It was the second-best combined month ever. NIO rose 1%, XPeng gained 1.3%, and Li Auto was up 1.8%.
AMC Entertainment $(AMC)$ rose 2.1% after a report from Variety said the makers of a film based on Beyonce's Renaissance World Tour were in advanced talks to distribute the movie directly to AMC theaters. AMC announced in August it would release the "Taylor Swift: The Eras Tour" concert film on Oct. 13, and serve as its global distributor.
Apple $(AAPL)$ traded up 0.8%. The company said over the weekend it plans to release an iOS 17 software update to improve overheating issues with the recently released iPhone 15.
Earnings reports are expected this week from Constellation Brands $(STZ)$, Lamb Weston $(LW)$, Conagra Brands $(CAG)$, and Levi Strauss $(LEVI)$.
Write to Joe Woelfel at joseph.woelfel@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
October 02, 2023 04:43 ET (08:43 GMT)
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