Stock futures were up slightly Monday ahead of a week filled with interest-rate decisions from the Federal Reserve and European Central Bank, and earnings from more than 150 companies in the
including tech giants
These stocks were poised to make moves Monday:
) were jumping 53% in premarket trading after the movie-theater chain filed a revised stock conversion proposal after a judge blocked the company’s plan to convert its so-called APE shares into common stock. If the court agrees with the plan, AMC hopes to implement the plan “as soon as possible,” CEO Adam Aron said on Twitter over the weekend. The APE shares were down 1.1%.
(CVX) released a second-quarter performance update on Sunday that was better than analysts’ expectations. Adjusted profit of $3.08 a share topped consensus of $2.97. A year earlier,
reported adjusted earnings of $5.82 a share. The major oil company is scheduled to report quarterly earnings on Friday. Chevron also announced that it was waiving its mandatory retirement age of 65 for CEO Mike Wirth, who will turn 63 later this year. The stock was up 0.6% in premarket trading.
(TSLA) was falling 1.1% to $257.08 after shares of the electric-vehicle maker were downgraded to Neutral from Buy at UBS. The analysts, however, raised the price target on the stock to $270 from $220. “We think after the strong recent share performance, it is fully reflected that
‘s price cut strategy has
worked out well (solid demand response, only moderate decline in margins), while multiples have become more demanding … With a 12-month view, we’re downgrading TSLA to Neutral, but we continue to see a significant long-term opportunity in the stock.” Tesla stock has risen 111% this year.
(BDX) was rising 7.2% after its updated BD Alaris Infusion System received 510(k) clearance from the Food and Drug Administration. The stock also was upgraded to Outperform from Market Perform at Raymond James.
(DPZ) reported second-quarter earnings that beat analysts’ estimates but revenue that missed, and the stock was down 4% in premarket trading.
After markets close Monday, earnings reports are expected from
Reports are expected later in the week from tech giants
Write to Joe Woelfel at email@example.com