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Stock index futures on Tuesday were slightly higher, as market participants awaited updates from trade talks between U.S. and China. Here are some stocks to watch on Tuesday:
- Shares of J.M. Smucker (NYSE:SJM) were -6.6% in pre-market trading, after the consumer and pet foods company delivered a quarterly top-line miss and provided fiscal full year 2026 adjusted profit guidance below expectations. J.M. Smucker (NYSE:SJM) owns popular brands such as Smucker’s fruit spreads, Jif peanut butter, Uncrustables frozen sandwiches, and Twinkies. SJM’s FQ4 2025 net sales fell 3%, primarily driven by decreases for dog snacks, sweet baked goods and fruit spreads.
- GameStop (NYSE:GME) stock will be in focus, ahead of the video game retailer’s Q1 results after the closing bell. Wall Street expects the Grapevine, Texas-based GME to swing to a profit of 4 cents per share on revenue of $754.23M. However, much of that is anticipated to be a result of aggressive cost-cutting rather than top-line growth, calling into question the sustainability of these savings. Investors will also be looking out for any comments on GameStop’s (NYSE:GME) recent purchase of bitcoin.
- U.S.-listed shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) were +2.2% ahead of the opening bell, after the world’s largest contract chipmaker announced a 39.6% Y/Y increase in May revenue to NT$320.52B ($10.71B). Taiwan Semiconductor (NYSE:TSM), which is the primary chip supplier to Nvidia (NVDA) and Apple (AAPL), saw strong demand as clients rushed to stockpile products amid growing trade tensions. May revenue did fall 8.3%, though, from April.
- IBM (NYSE:IBM) stock was +0.8% ahead of market open, after the company unveiled plans to build what it calls the “world’s first large-scale, fault-tolerant quantum computer.” IBM (NYSE:IBM) plans to deliver the IBM Quantum Starling by 2029 after building it in a new data center in New York. Starling is “expected to perform 20,000 times more operations than today’s quantum computers,” IBM said.