NIO's results miss estimates, AT&T and Verizon stocks are upgraded, Heico falls after its earnings report, and 3M's board has approved a $6 billion earplugs...
Stock futures were flat as Wall Street awaits a flood of economic data Tuesday and the rest of the week that will close out what has been a tough month for equities.NIO reported second-quarter results that were worse than expected and U.S.-listed shares of the Chinese electric-vehicle maker fell 0.5% in premarket trading.
AT&T was rising 1.7% to $14.45 in premarket trading, while Verizon Communications gained 1.6% to $34.09. Shares of both telecommunications giants were upgraded to Buy from Neutral at Citi. AT&T ‘s price target was left unchanged at $17, while the price target of Verizon stock was increased to $40 from $39.
Catalent shares rose 0.2% following a Reuters report that said the drug manufacturer was close to reaching a settlement with activist investor Elliott Investment Management that would include adding new board directors and a pledge to review strategic alternatives such as the sale of the company. Catalent is scheduled to report fiscal fourth-quarter earnings before the opening bell Tuesday.
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