Stock futures traded higher Tuesday, a day after the
finished up 0.5% and moved closer to its all-time. The broad market index stands just 1.2% below its record of 4,796.56 reached in early January 2022.
Alphabet
,
the parent of search engine giant Google, agreed to pay $700 million and make certain changes to its app store in a settlement with a group of states that claimed Google operated its app store, Google Play, as an illegal monopoly.
shares rose 0.5%.
reported fiscal first-quarter adjusted earnings that beat analysts’ estimates but shares of the company, which offers IT consulting and other services, fell 2.3% after its revenue outlook for the second quarter missed forecasts.
Heico
,
the supplier of airplane parts and electronics, said fiscal fourth-quarter profit rose from a year earlier as revenue jumped 54% to $936.4 million and topped analysts’ estimates. The stock was up 2%.
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was falling 13% after the biotech company said it would sell $150 million of common stock in a public offering.
was downgraded to Underweight from Neutral at
and the price target on shares of the clean energy company was reduced to $2.30 from $6.50.
fell 4.1% to $4.25 in premarket trading.
declined 3.3% after the clean energy company reported fiscal fourth-quarter revenue that fell 43% from a year earlier and missed Wall Street expectations.
was up 6.5% and
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gained 4.9% after Piper Sandler upgraded shares of the solar companies to Overweight from Neutral.
was rising 3% after it was disclosed that activist investor Cevian Capital has taken a stake of 1.3% in the Swiss banking giant. Cevian paid €1.2 billion ($1.31 billion) for the stake, saying it sees significant value potential in UBS after its takeover of rival Credit Suisse.
was up 1.2% to $278.64 after the biotechnology company was upgraded to Outperform from Market Perform at BMO Capital and the price target was raised to $326 rom $286.
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rose 2.8% to $22.29 after shares of the online pet products retailer were initiated with a Buy recommendation at Jefferies and a price target of $27.
Write to Joe Woelfel at joseph.woelfel@barrons.com
