US stock futures pointed lower Monday and Treasury yields rose as Wall Street remained on edge over President Donald Trump's trade and tariffs war and concerns he could fire Federal Reserve Chairman Jerome Powell.
Wall Street was closed for Good Friday.
These stocks were poised to make moves Monday:
Netflix was up 2.9% in premarket trading after the streaming company reported first-quarter earnings last Thursday of $6.61 a share, topping analysts' estimates of $5.57, and said it expects profit in the current second quarter of $7.03 a share, higher than consensus of $6.25. The company still expects revenue in 2025 of between $43.5 billion and $44.5 billion, saying there's been "no material change to our overall business outlook since our last earnings report." Netflix posted first-quarter revenue of $10.5 billion, up 13% from a year earlier and matching expectations. The quarter was the first three-month period in which Netflix didn't disclose an updated subscriber count.
Tesla , the electric-vehicle maker, fell 3.7% in premarket trading to $232.52. Reuters reported Tesla might delay releasing a lower-priced model, which has been widely anticipated by investors for this year. The report said plans for a stripped-down version of Tesla's Model Y crossover vehicle were being delayed, with significant production planned for 2026. Tesla is scheduled to report first-quarter earnings after the closing bell Tuesday, which comes amid falling sales at the EV maker. Coming into Monday, shares have declined 40% this year.
Meanwhile, Barclays late Thursday lowered its price target on Tesla to $275 from $325 and maintained an Equal Weight rating on the shares. Barclays analyst Dan Levy said he sees a "confusing" setup into Tesla's earnings report. The analyst believes it will be difficult for Tesla to increase deliveries in 2025.
Hertz Global shares soared 111.8% last week as billionaire investor Bill Ackman disclosed stake. The shares sank 10% in premarket trading.
UnitedHealth was down 0.5% after the giant health insurer tumbled 22% on Thursday after posting first-quarter earnings that missed analysts' expectations and slashed its full-year outlook. The stock's drop Thursday was its largest daily percentage decrease since Aug. 6, 1998, when it fell more than 28%, according to Dow Jones Market Data. UnitedHealth said it saw increased care activity in its Medicare Advantage business during the first quarter, with higher-than-expected utilization rates of physician and outpatient services.
Eli Lilly shares slipped 0.4% in the premarket session. The stock jumped 14% on Thursday after the pharmaceutical company said its new weight-loss pill had cleared a late-stage clinical trial. Patients on the highest dose in a Phase 3 trial lost an average of 16 pounds, or 7.9% of their weight, after 40 weeks, better than the range of 4% to 7% Lilly had indicated. CEO Dave Ricks vowed Friday that Lilly would manufacture the weight-loss pill in the U.S.
Capital One and Discover both jumped 6.2% after the Office of the Comptroller of the Currency said it had granted conditional approval of Capital One's $35.3 billion acquisition of Discover. The OCC, which oversees U.S. lenders, said that its approval reflects its "careful analysis of the effect of the merger on communities, the banking industry, and the U.S. financial system."
Ford last week halted shipments to China of F-150 Raptors, Mustang cars, and Bronco SUVs built in Michigan, as well as Lincoln Navigators made in Kentucky, The Wall Street Journal reported, citing people familiar with the matter. The moves were made to avoid retaliatory tariffs that China has implemented. "We have adjusted exports from the U.S. to China in light of the current tariffs," a Ford spokeswoman told the Journal, without specifying models or timing. Shares declined 1.3%.
A second Boeing jet intended for use by a Chinese airline was heading back to the U.S. on Monday, flight tracking data showed, in what appeared to be another victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The shares dropped 1.2%.
Earnings reports are expected Monday from Zions Bancorp, Western Alliance Bancorp. and Comerica.
Earnings reports are also expected later this week from Alphabet, AT&T, SAP, GE Aerospace, Verizon Communications, RTX, Intuitive Surgical, Lockheed Martin, Boeing, Northrop Grumman, 3M, International Business Machines, Philip Morris, ServiceNow, Texas Instruments, GE Vernova, Lam Research, Chipotle Mexican Grill, Procter & Gamble, T-Mobile US, Merck, Pepsico, Gilead Sciences, Comcast, Intel, Bristol Myers Squibb, AbbVie, Colgate-Palmolive, and SLB.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.