Stock futures pointed to gains on Thursday as Wall Street came off a strong session led by technology stocks and an easing of turmoil in the banking industry.
These stocks were poised to make moves on Thursday:
(INTC) rose 0.8% in premarket trading. The stock closed up 7.6% on Wednesday after Intel announced new data center products and a timeline for their release. Intel is up more than 19% this year.
(EA) said it will cut 6% of its staff. The company estimated that it would incur costs of approximately $170 million to $200 million as a result of the cost-cutting plan. The stock rose 0.7%.
RH (RH), the retailer of home furnishings brand Restoration Hardware, fell 5.6% in premarket trading after earnings in the fiscal fourth quarter fell year over year and adjusted earnings of $2.88 per share missed analyst estimates .
(CXM), the customer experience software company, reported adjusted earnings in the fiscal fourth quarter that beat analysts’ estimates. Revenue increased $165.3 million from $135.7 million, also beating estimates. shares of
rose 13.5% in premarket trading.
Streaming Device Company
(ROKU) announced in a filing that this was the case cut about 200 jobs, or 6% of its workforce. The stock is up 3% in premarket trading.
(WMT), the world’s largest retailer, rose 1.6% to $146.48 after shares were upgraded from In Line to Outperform by Evercore ISI. The price target was raised to $160 from $145.
(PM) rose 1.9% as shares of the tobacco company were upgraded from neutral to overweight by JP Morgan.
(SPWR) rose 4.1% to $13.60 in premarket trading after the solar technology and energy services company was upgraded to neutral from Sell at Goldman Sachs. The target price was left unchanged at $13.
(CNXC), the provider of customer experience solutions and technologies, announced that it has entered into an agreement to merge with Paris-based Webhelp, which specializes in sales, marketing and payment services in Europe, Latin America and Africa , valued at approximately $4.8 billion, including debt. Concentrix shares fell 4.9%.
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Source : www.barrons.com