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NIO reported second-quarter results that missed analysts’ estimates.
Hector Retamal/AFP via Getty Images
Stock futures were flat as Wall Street awaits a flood of economic data Tuesday and the rest of the week that will close out what has been a tough month for equities.
These stocks were poised to make moves Tuesday:
NIO
(
NIO
) reported second-quarter results that were worse than expected and U.S.-listed shares of the Chinese electric-vehicle maker fell 4.3% in premarket trading.
3M
(MMM) agreed to a $6 billion settlement to resolve claims it sold faulty combat earplugs to the U.S. military. The Wall Street Journal had reported over the weekend that 3M and plaintiffs attorneys were nearing a settlement of $5.5 billion. 3M shares were rising 0.9% in premarket trading after closing Monday with a gain of 5.2%.
AT&T
(T) was rising 1.7% to $14.45 in premarket trading, while
Verizon Communications
(VZ) gained 1.4% to $34.01. Shares of both telecommunications giants were upgraded to Buy from Neutral at
Citi
.
AT&T
‘s price target was left unchanged at $17, while the price target of Verizon stock was increased to $40 from $39.
Heico
(HEI), a maker of products for the aviation, space, defense, medical, telecommunications, and electronics industries, reported fiscal third-quarter…
..
