Stock index futures were almost flat on Thursday as Federal Reserve Chair Jerome Powell did not comment on the economic outlook or monetary policy at a Fed event. Here are four stocks to keep an eye on:
PepsiCo (PEP) was up 0.2% in premarket trade after beating earnings expectations and naming a new CFO. Revenue was up 2.7% year-over-year to $23.9 billion. Looking ahead, PepsiCo (NASDAQ:PEP) expects a low-single-digit increase in organic revenue for the full year and core constant currency EPS to be approximately even with the prior year. Alongside its earnings report, PepsiCo (PEP) also announced CFO Jamie Caulfield plans to retire, and Walmart U.S. CFO Steve Schmitt will succeed him.
Delta Air Lines (DAL) rose 6.9% before the opening bell after it raised its full-year outlook and beat both its top and bottom line estimates in the third quarter. The firm sees its FY EPS coming in at ~$6, as compared to a consensus of $5.77. The company’s upbeat outlook and results also boosted other airline stocks.
Netflix (NFLX) shares fell 0.4% in premarket trade as the company said it is bringing its video games to television screens for the first time, expanding one of its key growth initiatives beyond mobile devices. Subscribers will now be able to play select games on TVs, using their phones as controllers.
Ferrari (RACE) was down 12% before the opening bell as it updated its long-term financial targets as part of its Capital Markets Day presentation on Thursday. The Italian automaker said it is aiming for strong growth and profitability through 2030. In terms of guidance, the company expects net revenue to reach approximately €9.0 billion by 2030, representing a compound annual growth rate of around 5%.