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U.S. stock index futures pointed to a largely lower open on Wednesday, a day after Wall Street posted sharp selling to kick off a historically weak September. Here are some stocks to watch on Wednesday:
- Dollar Shares Tree (DLTR) It fell by around 11% in premarket trading after the discount retailer missed expectations for second-quarter top and bottom lines. cut The revision was due in part to “a more conservative sales outlook at Dollar Tree for the remainder of the year.” DLTR also lowered its full-year adjusted earnings per share forecast. Dollar Tree (DLTR) the results mirror those of its larger rival, Dollar General (Managing director) last week. Dollar General's (Managing director) performance had resulted in an increase of more than 30% immersion in their actions.
- Hewlett Packard Enterprise (HPE) stock will be in focus as the information technology services provider is scheduled to report third-quarter 2024 results after the close of trading. Wall Street expects the Houston, Texas-based firm to earn 47 cents per share on revenue of $7.67 billion. Hewlett Packard Enterprise (HPE) offers services such as its HPE GreenLake cloud platform and products ranging from storage appliances to networking equipment. The company is in the process of buying networking products maker Juniper Networks (JNPR) for about $14 billion.
- Intel (INTC) shares were among the most traded before the opening bell, falling by almost 3%The drop came amid some growing rumors that the traditional chipmaker’s stock could be replaced on the venerable Dow Jones Industrial Average (DJI) after having been part of the blue-chip index for nearly a quarter-century. Meanwhile, Reuters also reported that Intel’s (INTC) contract manufacturing business had possibly suffered a setback after tests with Broadcom (AVGO) failed.
- Nordstrom (JWN) shares wobbled before the market opened on the last day fell by approximately 0.4%The department store chain was in the spotlight after the Nordstrom family submitted a non-binding offer to acquire the company for $23 per share in cash, according to a regulatory filing Wednesday. The offer represents a premium of less than 1% over Nordstrom’s (JWN) closing price of $22.82 on Tuesday. The department store chain’s special committee also confirmed receipt of the offer.
