Stock futures pointed to a slightly lower start Monday for Wall Street as it looks ahead to a week filled with U.S. inflation readings and the possibility of another government shutdown.
These stocks were poised to make moves Monday:
Boeing
(BA) was up 3.3% after a report from Bloomberg said the Chinese government was considering lifting a commercial freeze for the plane maker’s 737 MAX jet later this week when President Joe Biden and China’s President Xi Jinping meet during the APEC Summit in San Francisco. Also boosting the stock was an announcement from Emirates at the Dubai Airshow that it would buy $52 billion of
Boeing
aircraft, while SunExpress, a joint venture of
Turkish Airlines
and
Lufthansa,
announced it would buy 90 737 MAX jets.
Tyson Foods
(TSN) was down 5.5% after fiscal fourth-quarter sales missed analysts’ expectations and the meat company issued a disappointing outlook for fiscal 2024.
Plug Power
(PLUG) was falling 2% following a decline of 41% on Friday after the hydrogen fuel cell specialist raised “substantial doubt about [its] ability to continue as a going concern.”
HP Inc.
(HPQ) was rising 1.9% to $28.13 after shares of the personal computer and printer company were upgraded to Buy from Neutral at
Citi
and the price target was raised to $33 from $31.
Monday.com
(MNDY) was rising 8.1% after the social communication tools company raised full-year guidance.
Shares of
StoneCo
(STNE) were up 5.6% after the Brazilian financial services company reported third-quarter earnings that more than doubled and revenue that topped estimates.
Reports are expected later in the week from
Walmart
(WMT),
Home Depot
(HD),
Target
(TGT),
Cisco Systems
(CSCO),
Palo Alto Networks
(PANW),
TJX Cos.
(TJX),
Alibaba
(BABA),
JD.com
(JD),
Advance Auto Parts
(AAP), and
Applied Materials
(AMAT).
Write to Joe Woelfel at joseph.woelfel@barrons.com
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