Key Points To Watch Out For:
- Tesla shares rose 4% in premarket trading after dropping 15% on Monday
- Oracle dropped 6% in premarket trading after announcing lower than anticipated earnings and revenues
- Delta fell after cutting its profit forecast due to economic uncertainty
Oracle (ORCL): Weak results impact share price
Oracle shares fell 6% in premarket trading following the company’s announcement of lower than expected revenues and profits, although the outlook for sales was positive.
Delta Air Lines (DAL): Downgraded forecast hits share price
Delta declined in premarket trading after announcing that it would cut its revenue forecast due to a decrease in consumer and corporate confidence. American Airlines (AAL) and United Airlines (UAL) also decreased.
Tesla (TSLA): Rebound after Monday’s crash
Tesla rose 4% in premarket trading following a 15% drop in market value on Monday, its weakest session since 2020. Donald Trump posted on social media that he would buy a new Tesla, which contributed to the boost in the share price.
Nvidia (NVDA): Recovery after fall in technology
Nvidia shares rose in the premarket, after having been one of the hardest hit on Monday, amid the correction in the technology sector.
Illumina (ILMN): Financial adjustments after ban in China
Illumina shares rose 2% in premarket on announcing that it will adjust its financial guidance for 2025 and will reduce expenses following the ban on the sale of its equipment in China.
Volkswagen (VOW3): Growth outlook boosts share price
Volkswagen gained 3% in Europe after reporting that it expects revenue growth of up to 5% this year after a solid financial quarter.
Nissan Motor (JP:7201): Change of CEO raises expectations
Nissan shares rose 1.4% after the company announced it would replacing its CEO, Makoto Uchida, after the cancellation of its merger with Honda. Ivan Espinosa, current planning director, was appointed to the post.
Today’s earnings highlights
Today, financial reports are expected from:
- Dick’s Sporting Goods (DKS)
- Kohl’s (KSS)
Investors will be keeping a close eye on the figures from these retailers to assess the sector’s performance.
