Stock index futures rose on Friday as the September consumer price index came in a little cooler than expected, while market sentiments also got a boost from Intel’s (INTC) results. Here are four stocks to watch on the day:
Target (TGT) shares were flat in premarket trade as it disclosed on Thursday that it will cut 1,800 positions from its corporate headcount. The specific employees being let go will not be notified until next Tuesday. The job slashing is the second-largest ever of Target’s (NYSE:TGT) headquarters staff.
Procter & Gamble (PG) rose ~4% before the opening bell as the household products giant beat FQ1 earnings estimates, helped by a robust growth in its organic sales. Organic sales increased 2% in FQ1 to beat the consensus estimate of +1.4%. Notably, beauty segment organic sales increased 6% year-over-year.
Valero (VLO) was up 0.5% in premarket trade as it said it was moving forward with its plan to close its 145,000 bbl/day Benicia refinery in California by next spring after talks with state officials about options to keep it running. The California Energy Commission and state officials reportedly have been working to find a buyer for the Benicia refinery and exploring other options to keep the plant in operation.
General Dynamics (GD) shares were up 4.6% before the opening bell as the firm beat both its top and bottom line estimates in the third quarter. The company posted GAAP EPS of $3.88, beating estimates by $0.17, and revenue of $12.9 billion, up 10.6% Y/Y, and topping Wall Street consensus by $370 million.