(Updated with General Motors, Pfizer, McDonald’s, Caterpillar, Exxon Mobil, Tesla, Marathon Petroleum, UPS details, futures)
PARIS, Jan 31 (Reuters) – Main stocks to watch on Tuesday on Wall Street where index futures give a slightly lower opening:
* GENERAL MOTORS reported higher net profit in the fourth quarter and expects to post a bigger-than-expected full-year 2023 profit, sending the U.S. automaker’s stock up more than 5%. % in pre-market trading.
* Pharmaceuticals group PFIZER expects annual sales of its COVID-19 vaccine and antiviral to fall more sharply than expected, heightening market concerns about demand for its products as government orders slow. In pre-market, the title lost more than 3%.
* CATERPILLAR, the world’s largest construction machinery company, reported quarterly profit that fell short of forecasts as higher manufacturing and transportation costs weighed on its margins.
* EXXON MOBIL posted a profit of $56 billion in 2022, setting a record in the oil industry of Western countries.
* MCDONALD’S beat market expectations for quarterly like-for-like revenue but warned of continued near-term inflationary pressures. The fast food group lost 1.5% in pre-market trading.
* TESLA expects stronger capital spending next year as the electric vehicle maker ramps up production of a new battery cell and its Semi truck.
* UPS gained 2.2% in premarket trading after reporting quarterly adjusted profit above expectations after prioritizing high-margin shipments and maintaining tight control over its spending. The group also announced a 6.6% increase in its quarterly dividend and a new share buyback program.
* Semiconductor makers INTEL, QUALCOMM, NVIDIA were down 0.8% to 1.5% in pre-opening trading as South Korean rival Samsung Electronics said it had no plans to cut its chip investments this year.
* MARATHON PETROLEUM reported better-than-expected quarterly profit thanks to soaring refining margins.
* NIKE on Monday filed a lawsuit against LULULEMON ATHLETICA, claiming that at least four shoe designs from the Canadian group infringe its patents.
* WHIRLPOOL – The US home appliance maker on Monday posted full-year profit above expectations, on the back of savings and lower commodity prices.
* AMERICAN INTERNATIONAL GROUP – The insurance group announced on Monday that it had fired its interim chief financial officer, Mark Lyons, accused of breaching the company’s confidentiality rules.
* PARAMOUNT GLOBAL announced on Monday that it will integrate pay-TV channel Showtime with its video-on-demand platform Paramount+ later this year. (Laetitia Volga, edited by Jean-Stéphane Brosse and Kate Entringer)
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