Amazon, Twitter, Intel earnings on watch
U.S. stocks are looking to start Thursday on a positive note with market players’ focus largely on corporate earnings.
Twitter (NYSE: TWTR), American Airlines (NASDAQ: AAL), 3M (NYSE: MMM), Comcast (NASDAQ: CMCSA) are some of the big names scheduled to announce quarterly results ahead of the bell.
Companies reporting after the closing bell include Amazon (NASDAQ: AMZN), Capital One (NYSE: COF), Intel (NASDAQ: INTC), Gilead Sciences (NASDAQ: GILD), and Visa (NYSE: V).
As of 5:20 a.m. ET, futures on the blue-chip Dow futures were up 16 points, or about 0.06% to 26,818. The S&P 500 futures rose 2.13 points, or around 0.07% to 3,007.88 while the tech-heavy Nasdaq 100 futures indicated a gain of 28.12 points, or roughly 0.36% to 7,929.62.
Tesla stock skyrockets on unexpected profit beat
Shares of Tesla (NASDAQ: TSLA) are surging after the electric automaker reported a surprise third-quarter net income of $342 million with adjusted earnings of $1.86 per share on Wednesday. Revenue came in at $6.3 billion in the quarter.
Analysts on Wall Street had expected the Palo Alto, California-based company to post a loss of $0.46 per share on $6.33 billion revenue. Tesla said in its earnings statement that it’s highly confident in surpassing 360,000 deliveries this year.
Shares of the company rose $43.52, or 17.09% to 254.68 in premarket trade.
ECB meeting in focus with Mario Draghi set to exit
The European Central Bank’s governing council will meet today to make its last interest rate decision under the chairmanship of Mario Draghi. Investors are not expecting any policy changes after the bank announced new stimulus measures in September.
Christine Lagarde, former managing director of the International Monetary Fund (IMF), will succeed Draghi at end of month.
