Stock index futures were lower on Thursday as traders faced a busy day with a slew of economic data and Fedspeak.
Here are the four stocks to watch on the day:
Hims & Hers Health (HIMS) rose 3.41% in premarket trade after announcing an agreement to acquire Eucalyptus, an Australian digital health provider, in a cash and stock transaction valued at up to $1.15B. Sydney-based Eucalyptus, which has an annual revenue run rate exceeding $450M, is Australia’s largest digital health provider.
Domino’s Pizza (DPZ) slipped 0.26% before the opening bell as Berkshire Hathaway (BRK.A, BRK.B) added to its position in the fourth quarter. The latest 13F filing from the Omaha-based company showed a roughly 9.9% economic stake worth a bit over 1% of its total portfolio.
Walmart (WMT) fell 2.20% in early action as investors assessed the retail giant’s fourth-quarter earnings report covering the holiday period. Comparable sales in the U.S. rose 4.6% to match the consensus estimate, with transactions 2.6% higher and the average ticket up 2.0% compared to a year ago.
Phillips 66 (PSX) gained 2.64% in premarket trade after Reuters reported the firm and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April. The move would maximize profits by bypassing purchases through producer Chevron (CVX) or trading houses.