Stock futures were rebounding Wednesday as investors hoped that President Donald Trump's threats to impose tariffs as part of his administration's push to annex Greenland were just bluster.
These stocks were poised to make moves:
Netflix dropped 5.5%, making the video streamer the S&P 500's biggest loser ahead of the opening bell. Netflix topped analysts' fourth-quarter earnings and revenue targets after the close of trading Tuesday but issued softer-than-expected margin guidance. The company also said it would pause share buybacks as it seeks to build up its cash pile to fund its acquisition of Warner Bros. Discovery's streaming and studios assets.
Intel rose 2.7% to $49.88. The chip maker has started 2026 on a tear, prompting several upgrades by analysts, and the stock was set to extend the rally on Wednesday. Seaport Research Partners upgraded the stock to Buy from Neutral on Tuesday, assigning a $65 price target.
United Airlines jumped 4%. The carrier was the S&P 500's top premarket performer. The airline beat analysts' estimates for its fourth-quarter earnings and revenue, and its first-quarter guidance also beat Wall Street's expectations.
The Kraft Heinz Company dropped 3.5%. Berkshire Hathaway may sell shares from its $7.8 billion equity stake in the food company, according to a prospectus filed by Kraft Heinz late Tuesday with the Securities and Exchange Commission.
Newmont Mining gained 2.3%, Freeport-McMoRan added 2.5%, and SSR Mining advanced 2.8%. The mining stocks rose as gold hit another record high. Investors are piling into the precious metal as they seek out safe-haven assets to try to shield their portfolios from geopolitical tensions.
GameStop climbed 2.4% after the videogame retailer's CEO Ryan Cohen bought 500,000 shares, according to a 13D filing with the Securities and Exchange Commission late Tuesday.
Interactive Brokers dipped 0.2% after the electronic trading platform operator reported better-than-expected earnings for the fourth quarter. Interactive Brokers' revenue for the period was in line with Wall Street's expectations.
Progress Software gained 8.9% after the business software developer beat fourth-quarter earnings estimates but missed on revenue. Progress's guidance for the current quarter was better than expected.
Earnings reports are expected Wednesday from Johnson & Johnson, Charles Schwab, Prologis, TE Connectivity, Truist Financial, Kinder Morgan, Travelers, and Halliburton.
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