Luis Alvarez
Stock index futures were higher on Wednesday, as traders assessed the stability of the U.S.-brokered ceasefire between Israel and Iran. Here are four stocks to keep an eye on:
Merck (NYSE:MRK) stock will be in focus as an advisory panel of the CDC’s vaccine experts will meet on Wednesday and Thursday to discuss recommendations related to the administration of measles, mumps, rubella, and varicella (MMRV) vaccines in children under the age of five. The CDC recommends a two-dose vaccine schedule for MMRV vaccines. Makers of FDA-approved MMRV vaccines include Merck and GSK (GSK)
Bumble (NASDAQ:BMBL) stock jumped 12.7% in premarket trade, as the company is reportedly looking to conduct layoffs across its global workforce. The firm is expected to reduce ~240 roles, or 30% of its employees. The possible job cuts come amid challenging market conditions.
General Mills (NYSE:GIS) shares were down 4.1% in premarket trade after the Minnesota-based company’s organic sales and disappointing profit outlook over the mixed FQ4 earnings report. The firm also warned that it expects category growth to be below its long-term projections, reflecting less benefit from price/mix amid a continued challenging consumer backdrop. The company missed its revenue estimates and reported non-GAAP EPS of $0.74.
Micron Technology (NASDAQ:MU) stock will be under the radar as the company will report its Q3 earnings results after the bell. Wall Street, on average, expects the semiconductor company to post a quarterly EPS of $1.61 on revenue of $8.85B. Traders expect the firm to keep riding the artificial intelligence wave and post strong results, helped by a robust demand in memory and storage solutions.