KO is among today’s stocks to watch trading at $58.81 as of 02:30 PM EDT.
The futures point to a slight fall at the opening of trade on Tuesday, which suggests that stocks are ready for a break. A decline would put an end to the recent market rise. Taking a look at specific names.
Here Are some Stocks to Watch on Tuesday
1. UPS (NYSE:UPS): After the company released a mixed Q3 earnings report, UPS gained ground in premarket trading, climbing by approximately 4%. The world’s largest package delivery company’s profit exceeded forecasts, but its revenue fell short. To $24.2 billion, the top-line amount increased by 4%. Additionally, UPS reiterated its outlook for the entire year.
2. General Motors (NYSE:GM): On positive earnings news, General Motors also increased. The automaker’s earnings number is far above estimates. Although revenue increased by 56% to $41.9 billion, it fell short of projections by $160 million. The stock increased 5% during premarket trading.
3. Coca-Cola (NYSE:KO): Another stock that benefited from earnings in premarket trading was Coca-Cola. Shares of the soft drink manufacturer increased by 3% as the company’s Q3 profits and revenue exceeded forecasts. The top line increased by 10% over the previous year, and organic revenues increased by 16%.
4. Cleveland-Cliffs (NYSE:CLF): Selling in Cleveland-Cliffs was spurred by a negative quarterly report. The business’s top and bottom line forecasts were not met. To $5.65B, revenue decreased by almost 6%. Before the opening bell, CLF fell more than 6% as a result of the news.
5. Microsoft (NASDAQ:MSFT): After the closing bell, the avalanche of earnings continues. Microsoft, one of the well-known companies scheduled to report, is expected to demonstrate a prolonged decline in the PC market while demonstrating strength in the cloud, according to Wedbush.
6. Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL): After the closing bell, Alphabet will also release its quarterly results. Analysts anticipate that the parent company of Google will report sales of $70.65 billion and normalized earnings of $1.26 per share.
7. Visa (NYSE:V): is also on the list of businesses that disclosed financial data during the aftermarket period. The consensus sales estimate for the credit card firm is $7.55 billion, and the company is expected to earn $1.86 per share.
Featured Image- Megapixl @ Ralukatudor
Author Jowi Kwasu