U.S. Stocks to Watch: Nvidia, ASML, United Airlines, DJT, J.B. Hunt, and More

Dow Jones
16 Apr

Stock futures fell Wednesday and tech stocks tumbled as Nvidia NVDA +1.35% said it would now require a license to export its graphics processing units to China.

These stocks were poised to make moves Wednesday:

NVIDIA was down 5.4% after disclosing in a filing with the Securities and Exchange Commission that sales of its H20 chips to China would require a license “for the indefinite future” from the U.S. Department of Commerce. Nvidia said it would record charges in its fiscal first quarter of up to $5.5 billion for H20 inventory and canceled sales.

Fellow chip makers traded lower in premarket trading. Broadcom AVGO +0.33% was down 3.1% and Micron Technology MU +0.03% declined 3.3%.

Shares of ASML Holding NV fell 4.3% after the Dutch semiconductor-equipment maker issued underwhelming sales guidance, saying tariffs have increased uncertainty in its market. In the first quarter, ASML reported sales of €7.74 billion ($8.81 billion), up from €5.29 billion a year earlier, but slightly shy of analysts’ forecasts of €7.77 billion according to FactSet. For the current second quarter, the company said it expects sales of between €7.2 billion and €7.7 billion, below analysts’ forecasts of €7.8 billion.

United Continental reported first-quarter adjusted earnings of 91 cents a share, topping analysts’ estimates of 74 cents, and the carrier said it “expects resilient earnings” in the second quarter and full year despite an uncertain macroeconomic environment. However, United sees the economic picture as so cloudy that it issued two full-year outlooks, one if things remain stable and the other if the U.S. falls into a recession. United also said it planned to reduce domestic capacity by about 4% starting in the third quarter on weaker demand. Shares of the carrier were rising 6.7% in premarket trading.

Interactive Brokers declined 8.4% after the brokerage posted first-quarter adjusted earnings of $1.88 a share that missed analysts’ expectations but revenue of $1.43 billion that rose 19% from a year earlier and topped estimates of $1.41 billion. The company said trading volume in stocks and options rose 47% and 25%, respectively. Interactive Brokers IBKR +0.25% also raised its quarterly dividend to 32 cents a share from 25 cents and declared a 4-for-1 stock split.

JB Hunt Transport reported first-quarter earnings and revenue that fell from a year earlier and shares of the trucking and logistics company were down 6.2%. J.B. Hunt said revenue fell to $2.92 billion from $2.94 billion, attributing the decline to, among other things, its truckload segment posting an 8% decrease in year-over-year gross revenue per load.

Omnicom fell 0.8% in premarket trading. The marketing, advertising and corporate communications company reported first-quarter adjusted earnings of $1.70 a share, beating estimates of $1.65. Net profit in the quarter fell to $1.45 a share from $1.59 on costs related to Omnicom’s acquisition of Interpublic IPG +0.52%, which is expected to close in the second half of the year.

Tesla Motors was down 2% in premarket trading. The electric-vehicle maker reports first-quarter earnings next week and investors recently have been consumer with news on with tariffs, sales, and Tesla TSLA +0.70% protests.

Trump Media & Technology was down 2.8% in premarket trading. The social media company majority-owned by President Donald Trump joined with two investment firms to launch Truth Social-branded Separately Managed Accounts that it said will “offer investors access to curated, thematic investment strategies rooted in American values and priorities.” The stock closed up 5.4% on Tuesday.

Earnings reports are also expected Wednesday from Abbott Laboratories ABT -0.90%, Prologis PLD +0.18%, U.S. Bancorp USB +1.13%, Kinder Morgan KMI +1.57%, Travelers Cos. TRV -0.47%, CSX CSX -1.31%, and Alcoa AA -1.32%.

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