Stock index futures gained on Thursday, as the consumer inflation sped up on a monthly basis in August, while core CPI was steady. Here are four stocks to watch on the day:
Adobe (ADBE) shares will be on the watch as the firm is set to report its FQ3 earnings after the market closes on Thursday, with analysts forecasting nearly 10% Y/Y growth in both EPS and revenue. On Wednesday, the firm launched a line-up of artificial intelligence agents designed to help clients shorten workflows across a range of use cases.
Kroger (KR) rose 0.4% in premarket trade as the firm delivered a mixed earnings result. The firm said its identical-store sales excluding fuel increased 3.4% for the quarter to come in ahead of the expectation of analysts for a rise of 2.8%. Sales growth during the quarter was led by the pharmacy, e-commerce, and fresh food parts of the business.
Nebius Group (NBIS) was up 0.6% in extended trading as it priced a $2.75 billion private offering of convertible senior notes. The offering includes two parts: $1.375 billion of 1.00% notes due in 2030 and $1.375 billion of 2.75% notes due in 2032.
Carrier (CARR) fell 0.2% in premarket trade as Chairman and Chief Executive David Gitlin on Wednesday delivered a frank assessment of mounting challenges in the residential HVAC market while highlighting areas of robust growth, including commercial HVAC, data centers and aftermarket services. The firm warned of a 40% residential HVAC drop. The firm expects third-quarter residential HVAC sales in the region to fall ~30% year-over-year, with a $500 million revenue shortfall relative to previous expectations.