Stock futures were mostly higher Tuesday following wild swings on Wall Street that saw the S&P 500 finish the last trading session of the first quarter in the green after falling sharply earlier on jitters over President Donald Trump's coming announcement of sweeping tariffs. The S&P 500 and Nasdaq Composite posted their worst quarters since 2022.
These stocks were poised to make moves Tuesday:
Shares of electric-vehicle company Tesla Motors rose 4% in the premarket session. The stock closed with a loss of 1.7% on Monday and ended the first quarter down 36%, its worst first quarter on record, according to Dow Jones Market Data. Tesla is expected to release first-quarter delivery figures on Wednesday with Wall Street estimating about 380,000 vehicles. Analysts have been reducing their estimates, in part because CEO Elon Musk has received backlash from his close alignment with President Trump and his position in the administration's Department of Government Efficiency.
Shares of XPeng Inc. rose 4.4% after the Chinese EV maker delivered 33,205 vehicles in March , up from 9,026 delivered in the same month a year earlier. It was XPeng's fifth consecutive month in which deliveries topped 30,000 vehicles. The company never had delivered 30,000 cars in a month before the streak started.
Crypto stocks also jumped in premarket trading. Hut 8 Mining Corp rose 7%; Strategy, CleanSpark, Inc. rose 4%; MARA Holdings rose 3%; Coinbase Global, Inc. rose 2%.
NVIDIA , the leading maker of artificial-intelligence chips, was up 1.3% ahead of the start of trading Tuesday. Nvidia shares fell 19.3% in the first quarter, the stock's worst quarter since September 2022, when it tumbled nearly 20%. The stock has been hit from investors' souring sentiment over big U.S. technology stocks and on macro concerns that Trump's tariffs will hurt growth and fan inflation.
CVS Health, the pharmacy chain and owner of health insurer Aetna, finished the first quarter as the top-performing stock in the S&P 500, rising 53% during the period. It has benefited from being a more diversified play on the healthcare sector, unlike its peers, and CVS has an annual dividend payout of nearly 4% -- above the average for healthcare dividend stocks in the Russell 1000 index.
Deckers Outdoor, the maker of Hoka sneakers and Ugg boots, was the worst stock in the S&P 500 index from January to March, falling 45%. Most recently it has pulled back because of uncertainty about the overall economy, with fears of a recession putting retail stocks like Deckers in the crosshairs of lower spending.
PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger, reported better-than-expected fourth-quarter earnings and said it anticipates flat to higher revenue in the current fiscal year after revenue fell 6% last year to $8.65 billion. The stock jumped 17%.
Progress was up 8.5% after raising its earnings outlook for the fiscal year. The company said it expects fiscal-year adjusted earnings of $5.25 to $5.37 a share, up from a prior projection of $5 to $5.12. Progress Software said first-quarter revenue jumped 29%, driven by its "product portfolio across the board, with our data platform and infrastructure management products having a particularly solid quarter."
Newsmax Inc., the conservative-leaning media company, rose 17% in premarket trading after making its debut Monday on Wall Street. Newsmax sold 7.5 million shares at an initial public offering price price of $10 and shares surged 735% on Monday to close at $83.51.
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