Stock futures traded higher Tuesday after the S&P 500 declined on Monday, pausing a recent rally. Heading toward the end of March, Wall Street was on pace for its fifth straight month of gains.
These stocks were poised to make moves Tuesday:
Trump Media & Technology Group, which operates Donald Trump's social-media platform Truth Social, closed its merger with blank-check company Digital World Acquisition on Monday and rallied 35%. The newly combined business will begin trading Tuesday on the Nasdaq under ticker symbol "DJT." DJT jumped 18% in premarket trading.
Earnings reports are expected Tuesday from GameStop, McCormick & Co., nCino, and Progress Software.
GameStop was rising 1.3% ahead of its report scheduled for after the stock market closes Tuesday. Analysts expect GameStop to report fiscal fourth-quarter earnings of 30 cents a share on revenue of $2.05 billion. A year earlier, the company earned 16 cents a share on revenue of $2.23 billion. Shares of the videogame retailer jumped 15% on Monday.
Super Micro Computer was rising 2.7% in premarket trading. The stock jumped 7.2% on Monday to $1,042.79 after analysts at J.P. Morgan initiated coverage on shares of the server maker with an Overweight rating and a price target of $1,150. Coming into Tuesday's session, Super Micro shares have risen 267% this year and 915% over the past 12 months.
The New York Stock Exchange said Monday it would begin the process of delisting Fisker because of its "abnormally low" price levels." Fisker fell 28% on Monday to 9 cents a share and then trading was halted after the electric-vehicle maker said negotiations with a large auto maker, which likely would have included a financial lifeline, collapsed. Fisker said a delisting of its stock would cause an "event of default" on some of its convertible debt.
United Parcel Service will be meeting with analysts and investors Tuesday in Louisville, Ky. The meeting is an important one for shares of the shipping giant, which have declined 17% over the past 12 months.
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