GM, Pfizer, Ford and Calix rise premarket; UPS, Whirlpool fall
Investing.com — U.S. futures traded with small losses Tuesday as investors await the start of the latest Federal Reserve policy-setting meeting as well as earnings from a number of major companies.
Here are some of the biggest premarket U.S. stock movers today:
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General Motors (NYSE:GM) stock soared 7.8% after the auto giant reported lower pretax profit for the fourth quarter but gave investors an upbeat outlook for 2024 and signaled more capital could be returned to shareholders.
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United Parcel Service (NYSE:UPS) stock fell 7% after the world’s biggest package delivery firm forecast annual revenue below expectations, facing sluggish domestic and international e-commerce demand.
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Pfizer (NYSE:PFE) stock rose 1.1% after the drugmaker reported a surprise quarterly profit, helped by COVID products demand being stronger than expectations and lower research costs.
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Whirlpool (NYSE:WHR) stock fell 4.6% after the white goods maker forecast full-year sales and profit below expectations, suffering from pricing pressure from rivals and higher expenses.
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Ford (NYSE:F) stock rose 2.7% after the auto manufacturer said it would supply more than 1,000 F-150 Lightning and Mustang Mach-E electric vehicles to Ecolab (NYSE:ECL) to replace the water treatment firm’s gas-powered vehicles in California.
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F5 Networks (NASDAQ:FFIV) stock rose 10% after the cybersecurity stock raised its earnings outlook for 2024 after releasing strong first-quarter numbers.
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Super Micro Computer (NASDAQ:SMCI) stock rose over 12% after the artificial intelligence server maker delivered strong quarterly results and raised its full-year revenue forecast.
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Calix (NYSE:CALX) stock slumped over 20% after the telecom software provider unveiled first-quarter guidance that was well short of Wall Street estimates as customers rethink their spending plans.
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JetBlue Airways (NASDAQ:JBLU) stock fell 0.9% after the low-cost carrier swung to a loss in the fourth quarter and forecast a fall in first-quarter revenue amid early signs of softening domestic demand.
