Stock futures traded mixed Tuesday with President Joe Biden and congressional leaders set to meet for another round of talks on raising the U.S. debt ceiling.
These stocks were poised to make moves Tuesday:
Home Depot
(HD) is scheduled to report first-quarter earnings before the stock market opens Tuesday. Analysts expect the home-improvement giant to report adjusted earnings of $3.80 a share, down from $4.09 a share a year earlier. Sales are expected to fall by about roughly 1.5%, dragged down by a 1.6% decrease in same-store sales.
Home Depot
shares declined slightly in premarket trading.
Berkshire Hathaway
(BRK.A) eliminated its investments in
Bank of New York Mellon
(BK),
U.S. Bancorp
(USB),
Taiwan Semiconductor
(TSM), and
RH
(RH) during the first quarter, according to a filing late Monday, and initiated a position in
Capital One Financial
(COF), buying a stake in the bank of 9.9 million shares worth about $900 million. Capital One stock rose 6.8%.
Horizon Therapeutics
(HZNP) was falling 17% following a report from Bloomberg that said the Federal Trade Commission was expected to file a lawsuit to block
Amgen
‘s (AMGN) roughly $28 billion acquisition of Horizon, which develops treatments for rare autoimmune and inflammatory illnesses.
Amgen
was rising 1.2%.
Baidu
(BIDU), the Chinese search-engine giant, reported first-quarter earnings that beat analysts’ estimates as revenue rose 10%. American depositary receipts of
Baidu
were rising 2.8%.
American depositary receipts of
Vodafone Group
(VOD), the U.K.-based telecommunications company, declined 4.1% in premarket trading after saying it would cut 11,000 jobs over three years.
Gilead Sciences (GILD) was rising 1.2% to $79.33 after the stock was upgraded to Outperform from Market Perform by analysts at BMO Capital, and the price target was raised to $100 from $90.
Rumble
(RUM), the conservative social-media and video platform, was falling 5.2% after posting a wider-than-expected loss.
Social network and dating app
Grindr
(GRND) was rising 1.6% in premarket trading after revenue in the first quarter rose 28% to $55.8 million.
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