With US stock futures trading mostly flat this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
- Data cloud company Snowflake on Wednesday posted a bigger quarterly loss, hit by a sharp jump in its research and development and marketing expenses. Shares of the company tumbled 13% in premarket trading Thursday after the company forecast fourth-quarter product revenue to increase between 49% to 50%, compared to the 67% growth in prior quarter.
- Salesforce Inc said on Wednesday that Bret Taylor would step down as co-chief executive officer in January and that co-founder Marc Benioff will become the sole CEO. The news sent the company's shares down 7% in premarket trading Thursday as investors shrugged off the annual profit raise.
- NIO delivered 14,178 vehicles in November 2022, a new record-high monthly delivery, representing an increase of 30.3% year-over-year. The deliveries consisted of 8,003 premium smart electric SUVs including 4,897 ES7s, and 6,175 premium smart electric sedans including 3,207 ET7s and 2,968 ET5s. Cumulative deliveries of NIO vehicles reached 273,741 as of November 30, 2022. NIO will further accelerate the production and delivery in December 2022. The shares fell 3.6% in premarket trading Thursday.
- Li Auto, Inc. reported Thursday record monthly deliveries, aided by strong reception for its Li L9 SUV. The Beijing-based electric vehicle maker reported November deliveries of 15,034 units, up 11.5% year-over-year and 50% higher than the previous month. The shares fell 4.7% in premarket trading Thursday.
- In November, XPeng Inc. delivered 5,811 Smart EVs to customers as it mitigated challenges brought by COVID-related restrictions and disruptions. As ofNovember 30, 2022, year-to-date deliveries reached 109,465, representing a 33% increase year-over-year. The shares fell 7.6% in premarket trading Thursday.
- Wall Street expects Dollar General Corporation to report quarterly earnings at $2.53 per share on revenue of $9.42 millionbefore the openingbell. Dollar General shares fell 0.9% to $253.50 in after-hours trading Wednesday.
- Splunk Inc. reported better-than-expected results for its third quarter and raised FY23 sales guidance. Splunk shares jumped 9.2% to $84.82 in premarket trading Thursday.
- Analysts are expecting The Kroger Co. to have earned $0.82 per share on revenue of $33.95 billion for the latest quarter. The company will release earnings before the markets open. Kroger shares rose 0.6% to $49.50 in premarket trading Thursday.
- Five Below, Inc. posted upbeat results for its third quarter and issued strong forecast for FY22. Five Below shares gained 9.1% to $175.50 in the after-hours trading Wednesday.
- Analysts expect Ulta Beauty, Inc. to post quarterly earnings at $4.15 per share on revenue of $2.21 billion after the closing bell. Ulta Beauty shares gained 0.3% to $465.98 in after-hours trading Wednesday.