Some of the stocks that may grab investor focus today are:
- Tesla Rebounded over 4% in premarket trading. Musk on Saturday tweeted that Tesla’s total workforce would grow, even as the number of salaried workers remains broadly the same. That followed his Friday message to employees that 10% of salaried workers would lose their jobs.
- Hot Chinese ADRs jumped in premarket trading, Alibaba and NIO surged over 5%. The Chinese government has rolled back COVID-19 restrictions in the mainland capital of Beijing. Moreover, Alibaba's affiliate company Ant Group has set up a digital bank called ANEXT Bank in Singapore, while NIO has returned to operating at pre-COVID lockdown levels in Shanghai, citing the electric vehicle maker’s post on the company's mobile app.
- Wall Street expects Science Applications International Corporation to report quarterly earnings at $1.77 per share on revenue of $1.93 billion before the opening bell. SAIC shares rose 2.2% to $90.00 in after-hours trading.
- InspireMD, Inc. filed for mixed shelf of up to $150 million. Inspiremd shares dropped 1.4% to $2.15 in the after-hours trading session.
- Analysts expect HealthEquity, Inc. to post quarterly earnings at $0.26 per share on revenue of $203.98 million after the closing bell. HealthEquity shares gained 0.9% to $64.62 in after-hours trading.
- OceanPal Inc. reported a loss of $0.02 per share and time charter revenues of $3.68 million. The company also declared a cash dividend on its common stock of $0.01 per share for the first quarter. OceanPal shares tumbled 5.8% to $0.61 in the after-hours trading session.
- Analysts are expecting Coupa Software Incorporated to have earned $0.05 per share on revenue of $190.61 million for the latest quarter. The company will release earnings after the markets close. Coupa Software shares rose 0.2% to $70.89 in after-hours trading.