Wall Street could be looking at another largely green open, with the stock index futures rising on Tuesday, while the government shutdown continued. Here are four stocks to watch on the day:
International Business Machines (IBM) shares were up 3.9% in premarket trade as the firm said that it was collaborating with Anthropic to integrate the startup’s AI model Claude into select internal and external development tools and enterprise products. The aim was to provide productivity gains for IBM clients. Claude—a family of large language models, or LLMs—will be integrated into select IBM software products, starting with the tech giant’s new AI-first integrated development environment, or IDE.
Dollar Tree (DLTR) fell 3.3% before the opening bell after Jefferies’ downgrade of the discount chain to Underperform underscored the company’s lingering challenges with competition, inflation, and how a decision to raise prices from $1 has created unnecessary complexity for shoppers.
Ford (F) was down 1.8% in extended trading, as a fire at an aluminum plant in Oswego, New York, last month could disrupt business for the company and other automakers for months. Ford is the biggest user of the Novelis plant, and its F-150 pickup is one of the industry’s biggest users of aluminum.
Dell (DELL) shares were up 6.7% in premarket trade after the company raised its long-term financial targets at its Securities Analyst Meeting. The firm now expects annual revenue growth to be between 7% and 9%, compared to the previous estimate of 3% to 4%. Annual Non-GAAP EPS growth is now expected at 15% or better, versus a prior estimate of 8% or better.