With US futures trading slightly higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
- Nvidia Corp. (NASDAQ:NVDA) filed for an S-3 registration statement with the SEC for a mixed-shelf offering of as much as $10 billion. Nvidia shares dropped 1.3% to $229.09 in premarket trading Wednesday.
- Theater chain AMC Entertainment Holdings Inc (NYSE:LOW) posted a more than 15% fall in fourth-quarter revenue on Tuesday and said box office is yet to return to pre-pandemic norms. AMC shares dropped 7% to $6.64 in premarket trading Wednesday.
- Rivian Automotive Inc (NASDAQ:RIVN) forecast 2023 production well below analysts' estimates as it grapples with lingering supply chain bottlenecks, and announced a recall of more than 12,700 vehicles. Rivian shares dropped 7.7 to $17.81 in premarket tradingWednesday..
- Chinese electric vehicle startup Li Auto Inc. (NASDAQ:LI) today announced that the Company delivered 16,620 vehicles in February 2023, up 97.5% year over year. The cumulative deliveries of Li Auto vehicles reached 289,095 as of the end of February. Li Auto shares jumped 6.4% to $25.11 in premarket trading Wednesday.
- HP Inc. (NYSE:HPQ) reported better-than-expected earnings for its first quarter on Tuesday. The company said it sees Q2 adjusted earnings of $0.73 to $0.83 per share and FY23 adjusted earnings of $3.20 to $3.60 per share. HP shares gained 3.1% to $30.44 in premarket trading Wednesday.
- Analysts are expecting Lowe's Companies, Inc. (NYSE:LOW) to have earned $2.21 per share on revenue of $22.69 billion for the latest quarter. The company will release earnings before the markets open. Lowe's shares fell 0.9% to $204.00 in after-hours trading Tuesday.
- Wall Street expects Dollar Tree, Inc. (NASDAQ:DLTR) to post quarterly earnings at $2.02 per share on revenue of $7.60 billion before the opening bell. Dollar Tree shares gained 2.2% to $148.40 in after-hours trading Tuesday.
- Analysts expect Salesforce, Inc. (NYSE:CRM) to post quarterly earnings at $1.37 per share on revenue of $7.99 billion after the closing bell. Salesforce shares fell 0.4% to $162.92 in after-hours trading Tuesday.
