U.S. Stocks to Watch: Micron, Intel, CAVA, Keysight, Nvidia, and More

Dow Jones05-20 18:08

Stock futures were edging higher on Wednesday as the market tried to snap its three-day slump.

These stocks were making moves in premarket trading:

Micron Technology rose 3.8% after rival memory-chip maker Samsung Electronics' talks with union leaders broke down. Leaders of the union said a strike would proceed as planned, from May 21 through June 7.

Intel added 4.1%, making it the S&P 500's top performer ahead of the opening bell. The chip manufacturer snapped a five-session losing streak on Tuesday.

CAVA Group Inc. jumped 7.5% after the Mediterranean fast-casual chain beat analysts' expectations for first-quarter earnings and revenue. The growth was partially driven by 92 new restaurant openings over the past year, with recent new market entries across many Midwest states.

Keysight Technologies climbed 2% after the test-equipment maker topped Wall Street's target for fiscal second-quarter profit. Keysight also issued strong quarterly guidance.

Toll Brothers was trading flat after the luxury home builder beat analysts' first-quarter earnings estimates. It's a sign that higher-end homes are still selling, even as builders remain pessimistic about sales conditions as steep costs squeeze buyers.

Nvidia gained 1.5% ahead of the artificial-intelligence chip maker's first-quarter earnings, due after Wednesday's close. Wall Street is forecasting that sales will rise 79% from a year ago to $79 billion, according to a FactSet poll.

Analog Devices, TJX, Target, Lowe's, Roivant Sciences, Hasbro, VF Corp., Intuit, Nordson, e.l.f. Beauty, and Urban Outfitters are also set to report earnings on Wednesday.

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