GE, Microsoft, J&J, Lyft, and More Stock Market Movers

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Stock futures traded decrease Tuesday after Wall Street rallied for a second day to kick off per week stuffed with company earnings.

These shares have been poised to make strikes Tuesday: 

Microsoft

(MSFT) shares traded flat in premarket buying and selling forward of the non-public pc maker’s fiscal second-quarter earnings scheduled for after inventory markets shut Tuesday. The firm faces a sagging PC market and cloud computing development that’s decelerating.

General Electric

(GE) edged down 0.7% forward of fourth-quarter earnings Tuesday. The firm additionally is predicted to problem a forecast for 2023 that doubtless will fall wanting Wall Street estimates and may very well be messy given the corporate’s spinoff of its healthcare enterprise on Jan. 3.

Johnson & Johnson

(JNJ), the healthcare big, is predicted to report its fourth-quarter earnings earlier than the market opens on Tuesday, and problem monetary steerage for fiscal 2023. The inventory was rising 0.3%.

Lyft

(LYFT) gained 3.4% after inventory of the ride-hailing firm was upgraded to Overweight from Sector Weight by analysts at KeyBanc.

Lululemon Athletica

(LULU) fell 2.5% in premarket buying and selling after shares of the athleisure firm have been downgraded to Underperform from Market Perform at Bernstein.

HighPeak Energy

(HPK) was rising 11.9% in premarket buying and selling after the oil and pure gasoline firm mentioned it might “initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential sale of the company.”

Write to Joe Woelfel at [email protected]