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U.S. stock index futures on Wednesday were little changed, with traders receiving some negative data on the labor market. Here are some stocks to watch on Wednesday:
- Shares of Apple (NASDAQ:AAPL) were -0.5% in pre-market trading, after the tech giant’s stock was hit with a rare rating downgrade. Needham moved to Hold from Buy. “We believe that, for this stock to work, it must have the catalyst of an iPhone replacement cycle, which we do not foresee in the next 12 months. Until then, we believe that $170-$180/share is a better entry level. Separately, if AAPL decided to aggressively pursue an advertising revenue stream, we believe this could materially accelerate rev and EPS growth,” the brokerage said.
- Dollar Tree (NASDAQ:DLTR) stock was -2.5% ahead of the opening bell, as the discount retailer’s soft current quarter guidance overshadowed a strong Q1 performance. The company warned that it expected to see some earnings volatility in the near-term, driven by cost pressures including higher tariffs. It expects Q2 adjusted profit from continuing operations to be down as much as 45% to 50% Y/Y, “before re-accelerating in the third and fourth quarters” to meet its full-year outlook of $5.15 to $5.65.
- Class A shares of MongoDB (NASDAQ:MDB) will be in focus, ahead of the company’s FQ1 2026 results after the closing bell. Wall Street expects the developer data platform to earn 66 cents per share on revenue of $527.48M. The bottom-line figure is seen rising more than 29% Y/Y, while the top-line number is anticipated to climb about 17%. MongoDB’s (NASDAQ:MDB) flagship Atlas database is an integrated suite of cloud database and data services that is used by organizations across the world.
- PVH (NYSE:PVH) stock will garner some attention, ahead of its Q1 results after hours. Wall Street expects the company to earn $2.25 per share on revenue of $1.93B. PVH (NYSE:PVH) is the parent of iconic fashion brands Calvin Klein and Tommy Hilfiger. Both its quarterly profit and revenue is anticipated to decline Y/Y, as consumers pull back from discretionary spending. Apparel retailers in particular are facing steep tariffs in countries like China and Vietnam where they make their clothes.