Stock index futures were in the green on Monday, as traders geared up for a big earnings week and the retail inflation report to be released in a few days. Here are four stocks to watch on the day:
Amazon (NASDAQ:AMZN) stock was nearly flat in premarket trade as Amazon Web Services experienced a major outage overnight that disrupted several websites, apps and online games. At around 5:30 am EST, AWS said it applied initial mitigations and had since observed “significant” signs of recovery.
Cleveland-Cliffs (CLF) shares were up 9.2% before the opening bell, even as the firm missed its Q3 revenue estimates and its adjusted EPS came just in line. The firm’s revenue, however, rose 3.5% as compared to last year, driven by demand recovery for automotive-grade steel made in the U.S. For the full year, the company now expects capital expenditures of ~$525 million, from its previous expectation of $600 million.
AGNC Investment (AGNC) shares will be keenly watched as the firm will report its Q3 results after the market close. The consensus EPS estimate is $0.39 (-9.3% Y/Y), and the consensus revenue estimate is $468.39M. The stock stands to benefit from the recent tightening in spreads, despite lower expected earnings.
Boeing (BA) rose 1.4% in premarket trade as the company and the union representing more than 3,200 striking defense workers will return to contract negotiations on Monday with help from a federal mediator, the International Association of Machinists and Aerospace Workers