(Updated with up-to-date prices, regional banks)
PARIS, March 1 (Reuters) – Main stocks to follow on Friday on Wall Street where futures contracts on the main indices suggest an opening down 0.11% for the Dow Jones, 0.09% for Standard & Poor’s 500 and stable for the Nasdaq:
* TESLA on Friday unveiled new initiatives, including insurance subsidies, to attract consumers in China, where the American electric vehicle giant is engaged in a price battle against rivals such as BYD.
* NEW YORK COMMUNITY BANCORP replaced its CEO, announced a fourth-quarter loss more than ten times what it previously reported and revealed flaws in its financial reporting in documents filed Thursday. Piper Sandler also lowers her recommendation from “overweight” to “neutral”. NYCB loses 30.5% before opening. The securities of regional banks KEYCORP, US BANCORP and ZION BANCORP each lost more than 1% before the opening.
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* DELL TECHNOLOGIES beat Wall Street estimates for its fourth-quarter revenue on Thursday, helped by the boom in artificial intelligence and the recovery of the personal computer (PC) market. The title takes 21.8% before the opening.
* HEWLETT PACKARD ENTERPRISE on Thursday forecast second-quarter revenue below Wall Street estimates as customers cut spending. The stock lost 2.6% before the opening.
* NETAPP raised its annual profit forecast on Thursday as companies spent more on cloud-based data management services, sending the stock up 17% pre-hours.
* AUTODESK – The design software maker is up 8.2% pre-market as the company reported fourth-quarter adjusted earnings per share of $2.09, up from $1.95 expected by consensus.
*ZSCALER – The cybersecurity company reported higher operating expenses in the second quarter as it works to integrate artificial intelligence into its existing offerings. The stock lost 7.5% before the opening.
* MATTEL said on Thursday it was unable to file its annual report for the 2023 financial year by the prescribed deadline after identifying “certain deficiencies” in its internal control. The stock lost 2% after the close.
* GENERAL MOTORS – The group’s Cruise division saw its internal valuation cut by more than half as the fallout from an accident in October continued to weigh on the self-driving car company.
* FISKER – The turnover of the electric vehicle startup was below market expectations on Thursday, worrying investors about the group’s ability to continue its activity. (Written by Corentin Chappron, edited by Sophie Louet)
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