Robert Way
U.S. stock index futures on Tuesday pointed to a slightly lower open, a day after Wall Street’s blue-chip Dow (DJI) scaled a new record intraday and closing high. Here are some stocks to watch on Tuesday:
- U.S.-listed shares of JD.com (JD) climbed 3.5% in pre-market trading, after the Chinese online retailer approved a new $5B share buyback program effective from September through the end of August 2027. The move by JD.com (JD) comes a week after a report said American retail giant Walmart (WMT) was looking to unload its 10% stake in the Chinese firm, which triggered a 9.8% slide in its shares over three days. JD.com (JD) earlier this month reported a quarterly record for net profit.
- Cava (CAVA) stock slipped more than 8% ahead of market open, after its largest individual shareholder, Artal International, and some of its executives filed to sell shares of the fast-casual Mediterranean restaurant chain. The stock has seen tremendous gains since its red-hot listing in June 2023 that at the time was seen as an end to a recent drought in the initial public offering (IPO) market. From its IPO price of $22/share, Cava (CAVA) stock today sits at $125.80 as of last close, a staggering advance of 472%. Cava (CAVA) impressed investors with its Q2 results last week.
- Eyes will be on shares of cybersecurity firm SentinelOne (S), with the cybersecurity firm slated to report FQ2 2025 results after the closing bell. Wall Street expects flat earnings from the Mountain View, Calif.-based company on revenue of $197.38M. SentinelOne (S) provides cloud security services such as its Singularity Platform for detecting, preventing and responding to cyberattacks. According to its website, its customers include companies such as Samsung (OTCPK:SSNLF), ServiceNow (NOW), and Lyft (LYFT).
- PVH (PVH) stock will be one to keep an eye on, with the apparel retailer scheduled to announce Q2 numbers after market close. The parent of iconic fashion brands such as Calvin Klein and Tommy Hilfiger, PVH (PVH) is expected to continue to see a quarterly sales decline amid consumers pulling back on spending on items such as clothes in a tough macroeconomic environment. PVH (PVH) in June projected an annual revenue decline of 6% to 7%, but raised its profit per share guidance.
