INMD - 4 stocks to watch on Wednesday: American Airlines Bed Bath & Beyond and more

2023-04-12 08:56:34 ET

Wednesday's U.S. equity trading will center around the government's latest inflation statistics, released before the opening bell. The futures spiked following the release of a softer CPI reading for March, with the headline figure rising 5% from last year . Here are some stocks to watch on Wednesday:

• American Airlines ( NASDAQ: AAL ) released Q1 guidance , sending the stock lower in premarket trading. Shares of the airline slumped 3% after the company gave an EPS forecast of $0.01-$0.05. This was up from its previous target, which called for approximately breakeven, but the midpoint came in below the $0.04 that analysts were looking for.
• Bed Bath & Beyond ( BBBY ) raised $48.5M in an equity offering. The home goods retailer, which is garnering funds in an effort to avoid bankruptcy, disclosed in a regulatory filing that it sold 100.1M shares in an "at-the-market" offering program. The proceeds are meant to satisfy conditions pursuant to an amended credit agreement.
• National Instruments ( NATI ) rose nearly 9% in premarket trading on reports that it is nearing a deal to be acquired by Emerson Electric ( EMR ). According to Bloomberg, citing people familiar with the matter, the discussion includes a purchase price of about $60 per share for the measurement systems maker.
• The release of stronger-than-expected Q1 guidance sent InMode ( INMD ) higher in premarket action. The company said it now expects non-GAAP EPS of $0.50-$0.51 on revenue of $105.7M-$105.9M. Analysts were looking for a profit of $0.46 per share, with a top-line figure of $100.25M. Shares advanced about 2% before the opening bell.

Looking beyond the stock market, Seeking Alpha contributor Bespoke Investment Group took a deep dive on the state of small business, arguing that the outlook for this key part of the economy is "cratering."

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