Stock futures edged down ahead of a slew of economic numbers set for release later Tuesday morning. Futures tied to the S&P 500, the Nasdaq 100 and the Dow Jones Industrial Average pointed to a slightly lower open.
Housing starts probably picked up to an annualized 1.39 million in February, according to consensus estimates, from 1.37 million in January. Building permits may have fallen to a 1.45 million rate. Both the import and export price indexes may have dropped a bit, flipping from gains. Both sets of data are due at 8:30 a.m.
Industrial output growth, due at 9:15 a.m., may have slowed to 0.2% to in February, from 0.5% in January, but with manufacturing flipping to a 0.3% month-on-month increase, from a 0.15% decline.
Here are some stocks to watch today.
BYD’s (BYDDY+2.53%) Hong Kong-listed shares gained 4.1% on Tuesday after the EV-maker said Monday that it had developed an ultra-fast charger able to refill a battery in five minutes. The company’s U.S.-traded stock was little changed in premarket trading after rising 2.6% on Monday. Shares in rival Tesla (TSLA-4.63%) were down about 3% before the opening bell.
Google (GOOGL-0.22%) parent Alphabet’s stock fell slightly before the open after Bloomberg reported that the company is in fresh talks to buy cloud-security provider Wiz for about $33 billion, after extended discussions on a potential deal were called off last summer. Wiz is a privately held company.
Nvidia (NVDA-1.27%) CEO Jensen Huang will give the keynote address Tuesday at his company’s AI developers conference in San Jose, California. Investors will be listening closely for any hints about future plans or demand for the company’s products. He’s due to start speaking at 1 p.m. E.T. today. Nvidia stock slipped Monday and was slightly lower in premarket trading Tuesday.
Tencent Music’s (TME+3.90%) ADRs gained 2.7% in premarket trading after the Chinese online entertainment company’s fourth-quarter earnings topped expectations. The company’s Super Premium VIP membership gained traction among users, Reuters reported.
Xpeng’s (XPEV+3.43%) U.S.-listed shares fell 1.7% before the bell after it posted earnings. The EV maker’s quarterly net loss narrowed by more than expected and revenue was in line with expectations, The Wall street Journal reported.
The post Nvidia, Google, Tesla, BYD, Tencent Music, Xpeng: Stocks to watch today appeared first on Quartz.
