EV - The Top 5 Stocks to Watch on Tuesday: Uber Pfizer Molson Coors Among Others

November, 01 2022 10:54 AM Eaton Vance Corporation

At the start of trading on Tuesday, the futures showed a big rise as investors got ready for the Federal Reserve’s rate announcement the next day. The following are a few stocks to watch when trading begins:

Stocks to watch

In premarket trading, Uber ( NYSE:UBER ) rose more than 10% as investors dismissed a larger-than-expected loss in favor of the company’s record-breaking revenue. The ride-hailing service reported top-line revenue of $8.3 billion, a 72% increase from the prior year. In the meantime, adjusted EBITDA increased to $516 million.
In premarket trade, Pfizer ( NYSE:PFE ) advanced. The overall results and bottom line of the pharmaceutical company’s quarterly results were better than expected, even though revenue was down by 6% from the same time last year. This occurred as COVID-related product sales were declining. Revenue increased by 2% operationally when Paxlovid and Comirnaty were excluded. PFE also provided a positive sales outlook, aiming for full-year revenue of $99.5 billion to 102 billion dollars, versus a consensus of $99.56 billion among analysts.
Following its quarterly report, rival drugmaker Eli Lilly ( NYSE:LLY ) lost ground. Prior to the opening bell, shares fell more than 1%. With its Q3 results, ...

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Company Name:	Eaton Vance Corporation
Stock Symbol:	EV
Market:	NYSE