2023-10-31 11:27:56
Main stocks to watch Tuesday on Wall Street, where futures on the main indices suggest a stable opening for the Dow Jones .DJI and for the Nasdaq .IXIC, while the Standard & Poor’s 500 .SPX might advance by 0.13 %: * CATERPILLAR CAT.N fell by almost 5% in pre-market trading due to an increase in its dealers’ stocks and a drop in the order book, a sign of a slowdown in demand for equipment. The group, however, reported an increase in its profit in the third quarter, driven by significant investments in infrastructure in key markets. * PFIZER PFE.N published its first quarterly loss since 2019 on Tuesday, the pharmaceutical laboratory having recorded charges largely linked to its COVID-19 products such as the antiviral treatment Paxlovid and the Comirnaty vaccine developed in partnership with BioNTech. * AMGEN AMGN.O, which bought Horizon Therapeutics this month for $27.8 billion, gained 2.6% in pre-market trading following publishing better-than-expected quarterly profit. * PINTEREST PINS.N jumped 15.9% in pre-stock market trading following reporting on Monday results above expectations for the third quarter in a context of recovery in the market. * WESTERN DIGITAL WDC.O fell 6% in off-day trading, the group having announced its intention to carry out a capital increase via convertible bonds amounting to $1.3 billion. * MICROSOFT MSFT.O and Siemens SIEGn.DE announced on Tuesday that they are working together on a project aimed at using artificial intelligence (AI) to increase productivity and human-machine collaboration. * VF CORP VFC.N – The owner of Vans shoes falls 6.1% in pre-market trading following abandoning its annual revenue and profit forecasts, citing a context in the wholesale market difficult in the United States and fears of weak demand during the second half of the year. * MARATHON PETROLEUM MPC.N gains 2.1% in pre-stock market trading following the publication of a third quarter profit that is better than expected. * Chinese groups listed on Wall Street JD.COM JD.O, ALIBABA BABA.N, PDD HOLDINGS PDD.O and BILIBILI BILI.O fell from 1.3% to 2.1% following the publication of official data showing a contraction unexpected rise in manufacturing activity in China in October. (Written by Claude Chendjou, edited by Blandine Hénault)
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