Stock index futures rose on Monday, as Wall Street hoped for a positive start to the holiday-shortened week. Here are four stocks to watch on the day:
Zoom Communications (ZM) shares will be watched closely as the firm will post its Q3 results after the bell on Monday, with analysts expecting low single-digit growth in both revenue and earnings. Wall Street expects the company to report EPS of $1.44 and revenue of $1.21B.
Amazon (AMZN) was up 0.9% in premarket trade, even as Italian police reportedly carried out searches and seizures at two of its sites in Italy as part of an investigation into alleged smuggling of Chinese goods. Dozens of officers from the Guardia di Finanza tax police and the customs agency seized around 5,000 products at a logistics hub operated by the e-commerce giant in Cividate al Piano, in the northern province of Bergamo.
Walmart (WMT) shares rose 0.3% before the opening bell as it officially expanded directly into the African retail market. The firm opened its first branded store in South Africa at a mall location in Roodepoort, west of Johannesburg. Walmart (WMT) has done business in South Africa in the past through its 100% ownership of Massmart.
Marvell Technology (MRVL) stock was up 1.3% in premarket trade as HSBC Global Investment Research started coverage on the stock with a Hold rating and a price target of $85. The firm noted that the application-specific integrated circuits, or ASIC, business downside is offset by AI optical segment gains. Analysts led by Frank Lee said that Marvell is emerging as an important AI player, driven by its ASIC and optical business.