Bank of America, Goldman Sachs, J&J, Netflix, and More Stock Market Movers

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Stock futures pointed mostly higher Tuesday with earnings reports coming from the likes of Bank of America and Goldman Sachs. Johnson & Johnson reported earnings that beat Wall Street forecasts.

These stocks were poised to make moves Tuesday: 

Bank of America

(BAC) is scheduled to report first-quarter earnings before the stock market opens. Analysts surveyed by FactSet expect BofA to report earnings of 81 cents a share vs. 80 cents a year earlier. Like other banks, the company is forecast to see a surge in net interest income thanks to the Federal Reserve’s interest-rate hikes over the past year. The stock rose 0.8% in premarket trading.

Goldman Sachs

(GS) also is expected to report first-quarter earnings before Wall Street opens for trading. The results from both Bank of America and Goldman will be scrutinized by investors for what they say about dynamics in the embattled banking sector as well as the health of the wider U.S. economy. Goldman Sachs was up 1.2%.

Johnson & Johnson

(JNJ) reported adjusted quarterly earnings of $2.68 a share, beating analysts’ estimates. Revenue of $24.8 billion also came in higher than estimates. The company raised its full-year guidance midpoints for operational sales and adjusted per-share profit. The stock rose 1.9%.

Lockheed Martin

(LMT) and

Bank of New York Mellon

(BK) also are scheduled to report earnings before trading begins Tuesday.

Netflix

(NFLX) remains the clear leader in the streaming video market. But Netflix has been struggling to show meaningful growth. Wall Street will get an update from Netflix when it reports first-quarter earnings after the stock market closes. Netflix was up 0.6%.

United Airlines

(UAL) reports first-quarter earnings after Wall Street closes Tuesday. United’s reports follows last week’s update from fellow carrier

Delta Air Lines

(DAL), which reported first-quarter adjusted earnings that missed analysts’ estimates but said its outlook for the second quarter was “strong.”

American depositary receipts of

Ericsson

(ERIC) fell 5.1% in premarket trading after the Swedish telecommunications company said it expects the operating environment in 2023 to remain “choppy” this year following first-quarter earnings that fell from a year earlier.

Nvidia

(NVDA) was rising 2% in premarket trading to $275.33 after

HSBC

upgraded shares of the chip maker to Buy from Reduce and raised the price to $355 from $175.

J.B. Hunt Transport Services

(JBHT) reported first-quarter earnings that missed Wall Street estimates as revenue declined 7% on weaker freight volumes.

Write to Joe Woelfel at [email protected]