By Joe Woelfel

Stock futures were trading flat Tuesday after Wall Street rallied on reports that the White House's plans for tariffs next week may not be as far-reaching as many investors have feared.

These stocks were poised to make moves Tuesday:

Tesla was up 1.2% at $281.65 in premarket trading even as the electric-vehicle maker's sales in Europe fell 47% in February, a second-straight month of sharp declines. The stock closed 12% higher on Monday, the best session for the stock since the near-15% gain on Nov. 6, the day after the U.S. presidential election. Boosting the stock Monday was a meeting CEO Elon Musk held with employees last week at which he told employees not to sell their shares, emphasizing Tesla's gains in self-driving technology and robotics.

Trump Media & Technology Group rose 8% after the company, the parent of President Donald Trump's Truth Social platform, signed an agreement with Crypto.com to launch a series of exchange-traded funds. The ETFs will be made up of digital assets as well as securities "with a Made in America focus spanning diverse industries such as energy," Trump Media said in a statement. Plans call for the funds to launch later this year.

KB Home declined 9.5% after the home builder reported fiscal first-quarter earnings that missed analysts' estimates as revenue of $1.39 billion dropped 5.2% from a year earlier and also was shy of forecasts. The company said because of fewer orders in the quarter it now expects fiscal-year housing revenue of $6.6 billion to $7 billion, down from a prior projection of $7 billion to $7.5 billion. CEO Jeffrey Mezger said homebuyers "are working through affordability concerns and uncertainties related to macroeconomic and geopolitical issues."

Shares of Oklo were falling 8.1% after the nuclear energy start-up posted a wider annual loss and noted that "significant" financial losses were expected into the near future. "We are an early--stage company with a history of financial losses, and we expect to incur significant expenses and continuing financial losses," the company wrote in a filing with the Securities and Exchange Commission. Oklo closed with a gain of 14% on Monday ahead of the report.

UniFirst tumbled 10% after Cintas terminated discussions about a potential purchase of the provider of workplace uniforms and protective work wear clothing. Cintas said it made an offer in January for UniFirst that was valued at about $5.3 billion, but the proposal was rejected. In a statement Monday, Cintas CEO Todd Schneider said Cintas doesn't "believe further discussions are warranted at this time." Cintas shares rose 0.6%.

Carvana rose 3.9% to $221.99 after Morgan Stanley's Adam Jonas upgraded shares of the online used-car platform to Overweight from Equal Weight and raised the price target o $280 from $260, the Fly reported.

McCormick was falling 3.5%. The maker of spices and flavorings reported fiscal first-quarter adjusted earnings that missed analysts' estimates. Sales of $1.61 billion matched forecasts. McCormick maintained its outlook for the fiscal year, saying its guidance "continues to reflect the company's prioritized investments in key categories to strengthen volume trends and drive long-term profitable growth while appreciating the current uncertainty of the consumer and macro environment."

Smithfield Foods rose 3.4% after fourth-quarter earnings and revenue at the pork producer topped analysts' estimates. The company went public on Jan. 28.

U.S.-listed shares of Pony AI were down 4.6% after the Chinese self-driving start-up posted a fourth-quarter loss of $181.1 million, wider than a year-earlier loss of $20.7 million. Fourth-quarter revenue fell 30% to $35.5 million, and robotaxi services revenue declined 62% to $2.6 million on reduced service fees.

GameStop was up 0.7% in premarket trading ahead of the videogame retailer's fiscal fourth-quarter earnings scheduled for after the close of trading Tuesday. Coming into Tuesday, the original meme stock has fallen 18% this year but has gained 68% over the past year.

Write to Joe Woelfel at joseph.woelfel@barrons.com

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March 25, 2025 07:11 ET (11:11 GMT)

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