Luis Alvarez
Stock index futures inched higher on Wednesday as President Donald Trump said a “massive” trade deal has been struck with Japan. Here are the stocks to watch out for:
Fiserv (FI) tumbled ~18% in premarket trade after the payment technology company lowered the top end of its full-year organic growth guidance range as its Q2 organic revenue fell short of the Wall Street consensus. Separately, the firm said it will acquire a part of TD’s merchant processing business in Canada as part of a broader strategic relationship deal with the Canadian bank.
The American depositary shares of Alibaba (BABA) were up 1.9% before the opening bell as the firm launched an open-source AI model, Qwen3-Coder, for software development that the company described as its most advanced agentic AI coding model to date.
Alphabet (GOOGL)(GOOG) stock will garner attention as the firm will release its second-quarter results after the market close. The focus will be on the tech giant’s advertising sales amid increasing threats to its search business and a key antitrust ruling next month. Wall Street expects the company to post EPS of $2.19 on revenue of $93.96 billion, implying a rise of nearly 11% during the quarter.
Tesla (TSLA) shares will be in focus as the company will release its earnings report after the bell. Investors remained cautious as Tesla navigates a more challenging operating environment marked by declining revenue, compressed margins, and shrinking free cash flow. The firm is expected to report an EPS of $0.40/share on revenue of $22.13B.