Stocks to Watch Thursday: Adobe, Tesla, Uber, Costco -- WSJ

Dow Jones
2024-12-12

By Angus Berwick

Adobe $(ADBE)$: Shares in the Photoshop maker sank 10% in premarket trading after its fiscal-2025 earnings and sales forecasts undershot Wall Street's estimates.

Tesla $(TSLA)$: The stock rose ahead of the opening bell, having closed at an all-time high Wednesday. Chief Executive Elon Musk's close relationship with the president-elect has buoyed traders' enthusiasm for its shares.

Uber Technologies (Uber): The ride-hailing company's shares gained premarket, after selling off Wednesday following General Motors $(GM)$ announcement that it would wind down its Cruise robotaxi program.

Microsoft $(MSFT)$: The company said it would record an $800 million impairment charge tied to its minority investment in GM's Cruise.

Costco $(COST)$ and Broadcom $(AVGO)$ are due to report quarterly earnings after the market close.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 12, 2024 04:54 ET (09:54 GMT)

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