Stock index futures inched down on Friday, as traders grew concerned about the health of regional banks on credit risk worries. Here are four stocks to watch on the day:
American Express (AXP) shares rose 1.1% in premarket trade as the firm lifted the lower end of its 2025 earnings guidance after Q3 earnings topped the Wall Street consensus. Cardholder spending drove network volume growth, and the company’s Platinum Card relaunch exceeded its expectations.
Salesforce (CRM) stock was down 0.4% before the opening bell, as the firm is facing a proposed class action lawsuit by two authors who allege that the company used thousands of books without permission to train its AI software. Authors E. Molly Tanzer and Jennifer Gilmore said in the complaint that Salesforce infringed copyrights by using their work to train its xGen AI series of large language models, or LLMs, to process language.
AST SpaceMobile (ASTS) fell 3.8% in premarket trade as Barclays downgraded the firm by two notches. ASTS was lowered to an investment rating of “underweight” from “overweight” at the equity research firm. Analyst Mathieu Robilliard justified the move by saying that the stock is currently overvalued.
Autoliv (ALV) stock fell 0.7% before the opening bell as the company reported a better-than-expected third quarter but issued full-year sales guidance that was slightly less than Wall Street anticipated. The company also warned of the “challenging operating environment” it faces in FY25 due to geopolitical uncertainties and the potential for new or increased tariffs during the remainder of the year.