Stock futures rose Wednesday following solid gains on Wall Street the day before as President Donald Trump held off making any immediate announcements about tariffs.
These stocks were poised to make moves Wednesday:
Netflix posted fourth-quarter earnings that topped analysts' estimates and reported 18.9 million paid net additions in the period, the company's biggest quarter of net adds in its history and well above forecasts of 9.77 million. Fourth-quarter revenue was $10.25 billion, better than analysts' expectations of $10.1 billion, and the company slightly raised its revenue guidance for 2025. Netflix also said its ad-supported tier will cost $7.99 a month, up from $6.99, while the cost of the company's premium tier will rise by $2 to $24.99. Shares of the streaming giant were jumping 15% in premarket trading.
Oracle rose 8% after the software company, along with ChatGPT maker OpenAI and SoftBank Group, announced an investment of as much as $500 billion in building artificial-intelligence infrastructure in the U.S. The joint venture, known as Stargate, will build data centers for OpenAI.
The announcement of the venture was lifting other AI-related stocks. Nvidia, the leading maker of artificial-intelligence chips, rose 2.4% and chip designer Arm Holdings gained 5.7%.
Fourth-quarter earnings and revenue at United Airlines were better than expected and the carrier said it anticipates first-quarter adjusted profit of 75 cents to $1.25 a share, compared with analysts' estimates of 53 cents. The stock was up 3.3% in premarket trading.
Seagate Technology, the data storage company, posted fiscal second-quarter earnings of $2.03 a share, better than analysts' expectations of $1.88 and an improvement from year-earlier adjusted earnings of 12 cents. Revenue jumped 50% in the period to $2.33 billion. CEO Dave Mosley said Seagate was "advancing our technology roadmap to meet our customers' growing need for scalable, cost efficient and sustainable storage solutions in the age" of artificial intelligence. The stock rose 4.8%.
Interactive Brokers gained 4.5% in premarket trading after the automated electronic broker reported better-than-estimated adjusted fourth-quarter earnings as revenue rose 22% to $1.39 billion. Commission revenue jumped 37% to $477 million on higher customer trading volumes, the company said.
Agilysys fell 18% after the hospitality software company posted a sharp profit drop in its fiscal third quarter and reduced its revenue guidance for fiscal 2025, saying it expects revenue of $273 million, below prior guidance of $275 million to $280 million.
Earnings reports are expected Wednesday from Procter & Gamble, Johnson &Johnson, Abbott Laboratories, GE Vernova, Amphenol, Travelers, Discover Financial, Halliburton, Textron, Ally Financial, and Alcoa.
