U.S. stock futures are pointing higher after a day of declines on Tuesday. Futures are up less than 1% following a four-session losing streak. Nvidia shares are up 2.5% in premarket trading as the company prepares to release its fourth-quarter results.
Nifty 500 Stock: Shares up 575% in 3 years; Mukul Agrawal owns more than 1% stake https://t.co/TgZnOu50Gd
— ET NOW (@ETNOWlive) February 26, 2025
#NewsFatafat | Lackluster close after five straight sessions of decline – late selloff deepens cuts, but benchmarks end flat. Nifty extends its downtrend, closing below 22,550, with Metals and IT dragging markets down.#MarketAlert #Nifty pic.twitter.com/6u5jDi0icj
— ET NOW (@ETNOWlive) February 26, 2025
Revenue is expected to be $38.34 billion, with net income anticipated to jump more than 60% to $21.1 billion, according to Visible Alpha estimates. This report follows a challenging period marked by a selloff that reduced Nvidia’s market value. Super Micro Computer shares are soaring by nearly 25% in premarket trading after the company met its filing deadline, retaining its Nasdaq listing.
The Nasdaq confirmed compliance, closing the matter. Supermicro’s sales for fiscal 2024 more than doubled to $14.99 billion, driven by growing demand for its products.
Stock futures gain after decline
Given the prior posts, it should come as no surprise that the dollar has weakened in recent weeks, as illustrated by this chart of the DXY index.
This will come as a relief to US companies with sizeable overseas earnings.
While it also counters some of the recent erosion in… pic.twitter.com/VNwEltja3I— Mohamed A. El-Erian (@elerianm) February 25, 2025
Lowe’s Companies shares have increased by 3.6% in premarket trading after reporting fourth-quarter results. The home-improvement retailer posted adjusted earnings of $1.93 per share on sales of $18.55 billion, surpassing analysts’ expectations. Comparable sales rose by 0.2% year-over-year, marking the first increase since Q3 2022.
However, the company’s 2025 revenue and EPS outlook are lower than expected. Stellantis shares have fallen by 3.5% in premarket trading after reporting a significant drop in profit. The automaker’s net profit for 2024 was 5.5 billion euros ($5.77 billion), a 70% year-over-year decline, and below analysts’ consensus estimates.
Revenue, however, fell by 17% to 156.9 billion euros ($164.55 billion), topping expectations. The company has projected “positive” revenue growth and “mid-single digits” adjusted operating income margin for 2025.
Image Credits: Photo by Behnam Norouzi on Unsplash
