Stock index futures were higher on Tuesday, a day after Nasdaq notched up a record high, as investors continue to focus on rate cuts and upcoming inflation reports. Here are four stocks to keep an eye on:
Dell Technologies (DELL) was down 0.9% in premarket trade after its CFO Yvonne McGill announced plans to step down from the position after spending nearly three decades with the company. The firm has appointed David Kennedy, its current senior vice president of Dell global business operations and finance, as the interim CFO.
Class B shares of Fox (FOX) fell 5.4% in extended trading after announcing the pricing of a secondary offering of 16.8M shares of its Class B common stock at $54.25 per share. The offering is at a discount of 4.5% as compared to its last close on Monday.
Atlassian (TEAM) stock rose 7% in premarket trade as the company announced an end-of-life timeline to its Data Center deployment offering, and subscribers must shift to its Cloud platform. Data Center subscribers will still have time to transition, with certain customers receiving about three years of extended maintenance.
Oracle (ORCL) shares will be closely watched as the firm reports its first-quarter earnings after the market close. A consensus estimate projects a 13% rise to $15.04B year-over-year in revenue growth and a 6% increase to $1.48 in profits.