(Discounted with Hertz, DuPont de Nemours and Futures)
PARIS, Feb 7 (Reuters) – Top stocks to watch on Tuesday on Wall Street, where index futures suggest a 0.14% drop for the Dow Jones and a 0.065% rise for the Standard & Poor’s-500 and 0.28% for the Nasdaq.
* APOLLO GLOBAL MANAGEMENT is among several financial firms in talks with Credit Suisse to take a stake in the investment bank the Swiss group intends to spin off, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
* BOEING expects to cut around 2,000 finance and human resources executive positions this year through a layoff plan and natural departures, a representative of the American aircraft manufacturer confirmed to the Seattle Times newspaper on Monday. The action gains 1.3% in pre-market.
* MICROSOFT advances 0.8% ahead of the market as the tech giant prepares to unveil a potential investment in conversational assistant ChatGPT, designed by the OpenAI startup it backs.
* CHEVRON – Italy’s Eni could take over the US oil group’s stake in the Indonesia Deepwater Development (IDD) gas project and operate it by mid-2023, a senior Indonesian ministry official said on Tuesday. ‘Energy.
* CVS HEALTH CORP is close to a deal to acquire healthcare group OAK STREET HEALTH for approximately $10.5 billion including debt, The Wall Street Journal reported Monday, citing people familiar with the matter. The two groups are discussing a price of 39 dollars per share, according to the newspaper, which specifies that the operation, if it succeeds, could be announced as early as this week. In pre-market, the Oak Street Health action soared 35% to 35.22 dollars.
* ACTIVISION BLIZZARD reported better-than-expected fourth quarter adjusted revenue on Monday evening, thanks to the success of its “Call of Duty” video game franchise. The action gained 2.3% before the market.
* CENTENE posted better-than-expected fourth-quarter profit on Tuesday, helped by its government-backed Medicare health insurance business and lower medical costs.
* LINDE, the world’s largest industrial gases group, said on Tuesday it expects earnings per share to grow 9-12% in 2023, excluding currency effects, after better-than-expected fourth-quarter profit.
* CARLYLE on Tuesday reported a 52% year-on-year drop in fourth-quarter profit amid a slowdown in financial transactions.
* METLIFE – The insurance giant’s investment arm said on Tuesday it had agreed to acquire Raven Capital Management, a US credit manager with $2.1 billion in assets under management.
* PINTEREST – The image-sharing platform reported lower-than-expected quarterly revenue on Monday evening, which pushed its title down by nearly 4% in pre-market transactions.
* TAKE-TWO INTERACTIVE SOFTWARE lowered its full-year adjusted revenue forecast on Monday evening after sales fell short of expectations for the third quarter of its staggered fiscal year. The action of the video game publisher fell 1% in transactions after the close.
* BAIDU – The New York-listed Chinese group’s stock soars 15% in pre-opening trading as the search engine giant said it would complete internal testing of its type project in March. ChatGPT dubbed “Ernie Bot”.
* HERTZ said on Tuesday it returned to profit in the quarter ended December as demand for rental cars remained strong amid rising leisure travel and limited production by automakers.
* DUPONT DE NEMOURS forecast fiscal year 2023 sales below estimates on Tuesday, with the industrial materials maker expecting lower volumes of products sold to the consumer electronics and chip industries during of the first semester. The action lost 2.1% before the market.
* BED BATH & BEYOND plunges around 32% on the forefront as the US retailer seeks to raise around $1 billion in a last-ditch effort to avoid bankruptcy.
* ROYAL CARIBBEAN CRUISES said on Tuesday it expects 2023 earnings of between $3 and $3.60 per share, figures well below estimates as inflation forces customers to rethink their travel plans.
* CHIPOTLE MEXICAN GRILL is due to present their results this Tuesday.
* LOCKHEED MARTIN – Credit Suisse raises its recommendation to “outperformance” against “underperformance”. (Written by Blandine Hénault and Diana Mandiá, editing by Kate Entringer)
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