Markets

Key Stocks to Monitor as U.S. Markets Look to Open Higher Today

Published February 3, 2024

Investors are eyeing a positive start to the trading day as U.S. stock futures show an upward trajectory on Friday morning. Several major companies are expected to be at the forefront of the market's movement, with earnings reports and corporate news drawing attention. Analysts are particularly keen on the anticipated quarterly earnings disclosure from XOM Exxon Mobil Corporation, which is projected to announce earnings of $2.21 per share and revenue figures around $85.23 billion prior to the market opening.

Monitoring Tech Giants

Among the significant tech players, AAPL Apple Inc. continues to assert its dominance as the largest technology firm in terms of revenue and stands as the most valuable company globally as of early 2021. Meanwhile, AMZN Amazon.com Inc. maintains its pivotal role in e-commerce and cloud services, further solidifying its position as a key contender in the 'Big Five' of U.S. IT firms, along with Apple. With continuous developments in their respective sectors, both these stocks are expected to garner significant investor focus in the day's trading session.

Emerging Trends in Social Media and Pharmaceuticals

Investors are also keeping a close watch on META Meta Platforms, Inc., formerly known as Facebook. With its extensive range of connectivity products, the Menlo Park-headquartered company is evolving with the advent of virtual reality and other next-gen technologies. On the pharmaceutical front, BMY Bristol Myers Squibb's diverse portfolio in critical therapeutics areas remains an area of interest, especially in the volatile healthcare market.

The Energy Sector's Veteran

On the energy front, XOM Exxon Mobil's performance indicators are closely observed due to its long-standing history and substantial impact on the oil and gas industry.

Investment, Stocks, Markets