US stock futures pointed mostly lower Tuesday after the S&P 500 and Nasdaq Composite, which has risen for six straight sessions, closed at record highs Monday.
These stocks were poised to make moves Tuesday:
Opendoor Technologies rose 12.8% in premarket trading after the online company that buys and sells homes closed up 43% on Monday at $3.21. At one point during the session, shares rose as much as 121% to $4.97. The stock has risen for six consecutive trading days and has rallied 312% over that span, according to Dow Jones Market Data. An endorsement from activist investor Eric Jackson, founder of EMJ Capital, has helped lead to an explosion of retail interest in the stock.
NXP Semiconductors was falling 6.3% in premarket trading. The Dutch semiconductor company guided for third-quarter sales of $3.05 billion to $3.25 billion, the midpoint of which is down 3% from a year earlier. Analysts are calling for third-quarter revenue of $3.08 billion. NXP also said it anticipates third-quarter profit of $2.22 to $2.62 a share, down from $2.79 in the same quarter of 2024.
Steel Dynamics posted second-quarter earnings and sales that missed analysts' expectations with the steel company saying "uncertainty regarding trade policy continues to cause hesitancy in customer order patterns across" its businesses, and that, coupled with "inventory overhang of coated flat rolled steel, resulted in lower steel and steel fabrication shipments" in the period. The stock was down 2.1%.
Agilysys, the hospitality software provider, declined 8.5% in premarket trading after posting fiscal first-quarter earnings that fell from a year earlier and adjusted profit of 33 cents a share that missed analysts' estimates of 36 cents.
Medpace Holdings jumped 43.8% after the clinical research company reported better-than-expected second-quarter profit and raised its full-year outlook. Medpace said net new business awards were $620.5 million in the second quarter, up 13% from a year earlier.
Earnings reports are expected Tuesday from Coca-Cola, Philip Morris International, RTX, Lockheed Martin, General Motors, Texas Instruments, SAP, Intuitive Surgical, Sherwin-Williams, Capital One Financial, D.R. Horton, PulteGroup, and Halliburton.
Coca-Cola was up 0.9% in premarket trading ahead of second-quarter earnings from the beverages giant. Analysts expect Coca-Cola to post earnings of 83 cents a share, 1 cent below a year earlier, while sales are expected to increase 1.7% to $12.6 billion. Coca-Cola has faced a challenging consumer environment as Americans pull back from spending because of inflation pressure and recession fears, while the adoption of GLP-1 weight-loss drugs has suppressed appetites for sugary drinks.
General Motors is scheduled to report second-quarter earnings Tuesday before the stock market opens. Wall Street expects GM to post an operating profit of $2.9 billion, down from $4.4 billion in the second quarter of 2024. Earnings are expected to decline as tariff costs on imported cars start to hit the auto maker. GM shares fell 0.9% in premarket trading.
Lockheed Martin was up 0.8%. The defense contractor is expected by Wall Street to post second-quarter earnings of $6.52 a share on revenue of $18.57 billion. A concern for investors has been that manned fighter jets such as the Lockheed F-35 will be de-emphasized as drones powered by artificial intelligence proliferate.
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