jetcityimage U.S. stocks on Wednesday pointed to a lower open, as shares of Tesla ( TSLA ) and Alphabet ( GOOG )( GOOGL ) slid after their respective earnings.
Here are some stocks to watch on Wednesday: Shares of Boston Scientific ( BSX ) were among the most actively traded ahead of the opening bell, slipping nearly 1.5% . The retreat came despite the medical device maker delivering a beat-and-raise Q2.
The Marlborough, Mass.-based company, which makes products such as medical sheaths, balloons, catheters and clips, reported a 14.7% Y/Y rise in net sales on an organic basis to $4.
12B, helped by solid performance in its cardiovascular business, its biggest unit. This was Boston Scientific's ( BSX ) first quarterly earnings since announcing a $1.16B deal to buy Silk Road Medical ( SILK ).
AT&T ( T ) stock was also among the most actively traded ahead of market open, gaining nearly 4% . The U.S.
telecom major comfortably beat Bloomberg estimates on Q2 postpaid phone net adds, while its churn improved slightly Q/Q to 0.70%. AT&T ( T ) top boss John Stankey highlighted the company's strategy in catering to customers who "increasingly seek one provider who can seamlessly connect them in their home, at work and on the go," adding that nearly "four of every 10 AT&T Fiber households" were also choosing the firm's wireless service.
See how T performed in charts . Shares of IBM ( IBM ) will be in focus, with the legacy tech company scheduled to report Q2 numbers after the closing bell. Wall Street expects the Armonk, N.
Y.-based firm to earn $2.17 per share on revenue of $15.
62B. Investors will be focusing on the performance of IBM's ( IBM ) artificial intelligence (AI) and data platform watsonx, at a time when the 113-year-old company has been seen lagging rivals in the AI space. IBM ( IBM ) chief executive Arvind Krishna in the Q1 report said watsonx had "eclipsed one billion dollars" since being launched in mid-2023.
ServiceNow ( NOW ) stock will also garner attention, with the software company on tap to deliver Q2 results after market close. Wall Street expects the Santa Clara, Calif.-based firm to earn $2.
84 per share on revenue of $2.61B. ServiceNow ( NOW ) offers a cloud-based platform and solutions to help organizations digitize their workflow, and according to the company, 85% of Fortune 500 names use their services.
ServiceNow ( NOW ) has been incorporating AI into its products as well, and earlier today said it had acquired a Germany-based company focused on GenAI-powered search. More on the markets Biggest stock movers today: TSLA, V, DB, and more The AI Data Center Construction Boom Is Just Beginning Small Caps Are Catching Up Fast Semiconductor Supply Chain Q3 2024 Outlook: Multispeed Recovery Housing Market Crash Is On The Horizon.
