Stock index futures edged up Wednesday, as Micron’s (MU) strong forecast lifted Nasdaq futures, a day after Wall Street’s three-day record-setting streak stalled. Here are four stocks to keep an eye on for the day:
PayPal (NASDAQ:PYPL) shares rose 1.31% in premarket trade as the firm and Blue Owl Capital (NYSE:OWL) said on Wednesday that funds managed by the alternative asset manager will acquire ~$7B worth of PayPal’s buy now, pay later receivables. The two companies have executed a two-year agreement.
Amazon (NASDAQ:AMZN) stock was up 1.5% before the opening bell as Wells Fargo boosted its rating on the company to Overweight from Equal Weight, adding it has greater conviction in AWS revenue acceleration in 2026, supported by Project Rainier capacity additions and peak share losses in 2025. Analyst Ken Gawrelski does expect Project Rainier to cut into profits.
Performance Food Group (NYSE:PFGC) will be keenly watched as the firm disclosed that it entered a cooperation agreement with activist investor Sachem Head Capital Management LP. The terms of the cooperation agreement include the board increasing to thirteen directors, with the appointment of Sachem Head Scott Ferguson.
Circle’s (NYSE:CRCL) shares were up 2.3% in premarket trade as its closest rival, Tether, confirmed capital raise plans at a reported $500B valuation. The stablecoin Tether (USDT-USD), pegged to the U.S. dollar, recently topped a market cap of $172 billion. Its closest rival, Circle’s (NYSE:CRCL) USDC (USDC-USD), holds a market value of about $74 billion.