Morgan Stanley, Citigroup, Plug Power: What to Watch When the Stock
U.S. stock futures rose ahead of a wave of earnings, including from major banks. Here’s what we’re watching before Thursday’s opening bell.
- Major banks including
and
are scheduled to report earnings before the open.
-
rose nearly 2% after reporting earnings per share that beat analysts’ estimates. The bank released $1.1 billion of its reserve in the third quarter, citing asset quality improvements.
- Other companies also set to post earnings this morning include
and
- Shares of
rose 2.5% premarket. An equity research analyst at Stifel raised their price target and rating on the stock.
- Fuel-cell company
added 3.1%, extending Wednesday’s rally. The fuel-cell company said it will work with
to study the feasibility of bringing green hydrogen to aircraft and airports.
A Plug Power hydrogen delivery truck.
Photo:
Plug Power
-
is up 2.7% premarket. The electric-truck startup hired a new finance chief in the wake of its recent liquidity problems.
- Online furniture retailer
slipped 3% following downgrades by equity research analysts at Jefferies and Morgan Stanley. The stock is down 2.8% this week so far.
- Aluminum producer
‘s shares added 2.7% premarket, as aluminum prices climbed. The company is also scheduled to report earnings after markets close.
Chart of the Day
- Since neither Hong Kong or Singapore has previously allowed them, SPACs sponsored by Asian investors flocked to the U.S. to raise money. Since the start of last year, 35 such SPACs have raised a total of $6.8 billion by going public on American…
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