With US stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
- NIO (NYSE:NIO) delivered 10,059 vehicles in October 2022, representing an increase of 174.3% year-over-year. The deliveries consisted of 5,979 premium smart electric SUVs including 2,814 ES7s, and 4,080 premium smart electric sedans including 3,050 ET7s and 1,030 ET5s. The vehicle production and delivery were constrained by operation challenges in our plants as well as supply chain volatilities due to the COVID-19 situations in certain regions in China. Cumulative deliveries of NIO vehicles reached 259,563 as of October 31, 2022. NIO shares jumped 6.6% in premarket trading.
- Analysts expect Advanced Micro Devices, Inc. (NASDAQ:AMD) to post quarterly earnings at $0.74 per share on revenue of $5.82 billion after the closing bell. AMD shares gained 1% in premarket trading.
- Li Auto Inc. (NASDAQ:LI) announced that the Company delivered 10,052 vehicles in October 2022, up 31.4% year over year. The cumulative deliveries of Li Auto vehicles reached 221,067 as of the end of October. Li Auto shares jumped 6.7% in premarket trading.
- XPeng (NYSE:XPEV) recorded monthly deliveries in October of 5,101 Smart EVs, consisting of 2,104 P7s, the Company’s smart sports sedan, 1,665 P5 smart family sedans and 709 G3i smart compact SUVs. Total monthly deliveries in October down 49.7% year-over-year. XPeng shares added 3.6% in premarket trading.
- Pfizer Inc. (NYSE:PFE) beat estimates for quarterly sales on Tuesday, as strong demand for older drugs helped offset lower demand for its COVID-19 products in international markets. Pfizer shares gained 3% in premarket trading.
- BP plc (NYSE:BP) reported better-than-expected profit for its third quarter and disclosed plans to buy back $2.5 billion of shares. BP shares fell 0.7% in premarket trading.
- Eli Lilly and Company (NYSE:LLY) Eli Lilly and Co on Tuesday cut its annual profit forecast for the third time, as a stronger dollar piled more pressure on the drugmaker struggling with lower insulin prices and generic competition for its cancer drug. Eli Lilly shares fell 3.6% in premarket trading.
- Sony Group Corporation (NYSE:SONY) said its overall group operating profit climbed 8% to 344 billion yen ($2.32 billion) during the second quarter, exceeding market expectations. However, profit at its key gaming segment dropped 50% year-over-year last quarter. Sony shares dropped 0.6% to close at $67.47 on Monday.