With US stock futures trading slightly higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Emerson Electric Co. to report quarterly earnings at $1.30 per share on revenue of $5.12 billion before the opening bell. Emerson Electric shares gained 1.1% to $91.00 in after-hours trading.
- 3D Systems Corporation reported a loss for its second quarter and lowered its FY22 sales guidance. 3D Systems shares tumbled 11.9% to $11.66 in the after-hours trading session.
- Analysts are expecting Sysco Corporation to have earned $1.11 per share on revenue of $18.21 billion for the latest quarter. The company will release earnings before the markets open. Sysco shares gained 1.5% to $88.00 in after-hours trading.
- Novavax, Inc. reported second-quarter revenue decline of 37.6% year-over-year to $185.9 million. The company also lowered its sales forecast for the year. Novavax shares dipped 33.6% to $37.99 in the after-hours trading session.
- Analysts expect Coinbase Global, Inc. to report a quarterly loss at $2.68 per share on revenue of $830.52 million after the closing bell. Coinbase shares gained 0.1% to $98.10 in after-hours trading.
- Retail traders who lurk in forums are back to betting against Wall Street pros and the Federal Reserve as rallies for meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. show shades of last year’s mania. The home-good retailer nearly tripled at one point during its nine-day winning streak while the movie-theater firm capped a 65% rally of its own as speculative pockets of the stock market surge.
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