U.S. Stocks to Watch: Broadcom, Tesla, Procter & Gamble, MongoDB, Planet Labs, Verint Systems, and More

Dow Jones
05 Jun

Stock futures were rising Thursday as investors turned their attention to U.S. jobs data, particularly the release Friday of the monthly payrolls report.

These stocks were poised to make moves Thursday:

Broadcom was up 0.7% in premarket trading ahead of fiscal second-quarter earnings from the semiconductor and software company. Analysts expect Broadcom to report fiscal second-quarter adjusted earnings of $1.57 a share on revenue of $14.96 billion. The company's commentary about the state of the artificial-intelligence chips market will be top of mind for investors. Broadcom rose 1.7% on Wednesday and closed at a record high of $261.08.

Shares of electric-vehicle company Tesla Motors were falling 1.4% in the premarket session, putting it on track for its fourth loss in five trading days. Tesla declined 3.6% on Wednesday following disappointing sales data in China and Germany. Also weighing on the stock has been the growing split between Tesla CEO Elon Musk and President Donald Trump.

Procter & Gamble plans to cut 7,000 jobs over the next two years as part of a reorganization intended to create a better work structure, The Wall Street Journal reported. Executives at the consumer-products giant, speaking at a conference in Paris, also said they plan to trim the company's product portfolio. The stock rose 0.5%.

MongoDB Inc. earned an adjusted $1 a share in its fiscal first quarter, beating analysts' estimates of 66 cents, and the software company said it anticipates second-quarter adjusted profit of 62 cents to 66 cents a share, better than forecasts of 58 cents. The stock jumped 15% in premarket trading.

Descartes Systems Group posted first-quarter revenue that missed Wall Street forecasts and said it was reducing its global workforce by 7% because of the "economic and global trade uncertainty many Descartes customers are facing." Shares of the provider of software as a service to the logistics industry fell 6.6%.

Low-cost retailer Five Below reported first-quarter adjusted earnings and sales that rose from a year earlier and topped Wall Street forecasts. The company opened 55 new stores in the first quarter. Five Below expects second-quarter sales of $975 million to $995 million, better than estimates of $955 million, while same-store sales were anticipated to increase 7% to 9%, also better than analysts' expectations of 5.4%. Shares were up 5.2%.

First-quarter adjusted earnings at PVH Corp , the owner of the the Calvin Klein and Tommy Hilfiger brands, beat Wall Street forecasts but the company's updated earnings outlook for the second quarter and fiscal year came up significantly short of estimates. The company said its outlook reflects "an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S." PVH stock declined 8.2%.

Planet Labs Pbc posted break-even first-quarter adjusted earnings compared with analysts' estimates for a loss of 3 cents. Revenue of $66.3 million beat forecasts. The satellite-imagery company said it expects fiscal second-quarter revenue of $65 million to $67 million versus consensus of $65.2 million. The stock rose 20%.

ChargePoint Holdings Inc. tumbled 14% after posting a wider-than-expected loss in the first quarter and saying it expects second-quarter revenue of $90 million to $100 million, below analysts' consensus of $108.4 million.

Verint Systems, the consumer engagement software provider, soared 22% after reporting better-than-expected first-quarter adjusted earnings and revenue and backing its fiscal 2026 adjusted earnings guidance of $2.93 a share at the midpoint, meeting estimates.

In addition to Broadcom, reports are expected Thursday from Lululemon Athletica, Samsara, Rubrik, Docusign, Brown-Forman, Ciena, ServiceTitan, Vail Resorts, Braze, and Victoria's Secret.

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