Stocks look poised for a breather at the start of Tuesday's trading, with the futures pointing to a mild decline at the open. A slide would halt the upswing the market has seen lately. Looking at individual names, here are some stocks to watch for Tuesday:
- UPS ( NYSE: UPS ) gained ground in premarket action after the firm issued a mixed Q3 earnings report , rising by about 4%. The package delivery giant's profit beat expectations, while its revenue came up short. The top-line figure rose 4% to $24.2B. In addition, UPS reaffirmed its full-year outlook.
- General Motors ( GM ) also climbed on earnings news . The auto maker easily breezed by expectations with its profit figure. Revenue soared 56% to $41.9B, but that total missed estimates by $160M. The stock jumped 5% in premarket action.
- Coca-Cola ( KO ) represented another earnings-inspired gainer in premarket trading. Shares of the soft drink maker climbed 3% after the firm beat expectations with its Q3 earnings and revenue. The top-line figure rose 11% from last year, with a 16% expansion in organic sales.
- A disappointing quarterly report sparked selling in Cleveland-Cliffs ( CLF ). The company missed projections on both the top and bottom lines. Revenue fell nearly 6% to $5.65B. Hurt by the news, CLF retreated more than 6% before the opening bell.
- The earnings flood continues after the closing bell. Microsoft ( MSFT ) is among the big names set to report, with Wedbush saying the software maker will likely show continued PC weakness, while revealing strength in the cloud.
- Alphabet ( GOOG ) ( GOOGL ) will also announce its quarterly results after the closing bell. Analysts expect the Google parent to reveal normalized earnings of $1.26 per share, with revenue of $70.65B.
- The list of companies revealing financial figures in the aftermarket period includes Visa ( V ) as well. The credit card company is predicted to earn $1.86 per share, while the revenue consensus calls for a total of $7.55B.
For a pessimistic view of the longer-term market, see why Stifel sees a lost decade for the S&P 500 .
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7 stocks to watch for Tuesday: UPS, General Motors, Coca-Cola and more