Stock futures are little changed as investors ready for latest inflation data: Live updates

8 minutes ago

All eyes on Tuesday’s CPI data

Investors will be watching for the closely followed CPI data next Tuesday morning.

January data for the index, which measures the pace of inflation by tracking price changes within a broad basket of items, is due at 8:30 am. Here’s what economists polled by Dow Jones expect:

  • The CPI will increase by 0.4% compared to the previous month and by 6.2% compared to the same month last year.
  • The so-called “core” CPI, which excludes food and energy, is set to rise 0.3%m/m and 5.5% higher than the same month last year.

Based on those expectations, the report could offer some bad news. CNBC Pro subscribers can read more about how some market watchers expect stocks to move based on the latest data.

Beyond the CPI, investors will also be paying attention to recent corporate earnings from consumer-focused names like Coca-Cola and Airbnb. CNBC Pro subscribers can see what’s in store for them all week here.

– Alex Harring

26 minutes ago

General Motors wants to outperform Ford, says Steve Grasso

Grasso Global CEO Steve Grasso said he sees more upside potential for General Motors than Ford.

“On the stock front, GM has outperformed Ford. Stocks look similar, but GM definitely broke out of its bearish trendline recently,” Grasso said on CNBC’s Fast Money.

Ford announced Monday it would be collaborating with Contemporary Amperex Technology, known as CATL, on a new $3.5 billion electric vehicle battery plant in Michigan.

However, Grasso believes GM is still the better choice in the EV race — with a company that outperforms both.

“GM’s chart looks better to me — on a yearly basis, the stock has outperformed Ford. I think she will still outperform Ford,” Grasso said. “I like their scale and reach when it comes to their EV partnerships.”

“Tesla is still the king of the hills. There are other companies that are after them,” he added. “But in this hunt I like GM better than Ford.”

— Hakyung Kim

44 minutes ago

Stocks make the biggest moves after hours

These are some of the stocks making the biggest moves in extended trading:

  • Avis – The car rental company gained 3.5% after beating both top and bottom-line estimates by analysts polled by Refinitiv. The company said it had strong demand, which has continued so far in the current quarter.
  • Palantir — Shares rose 18% on quarterly earnings, which beat analysts’ expectations, according to Refinitiv. It’s also the first quarter that Palantir reported positive net income on a GAAP basis.
  • Arista Networks — Cloud stock rose less than 1% after reporting earnings and sales that beat consensus estimates from analysts polled by Refinitiv. The company also provided a sales guidance for the current quarter that came in ahead of expectations.

The full list can be found here.

– Alex Harring

59 minutes ago

Stock futures open almost flat

Stock futures were little changed Monday night.

Futures linked to the Dow, S&P 500 and Nasdaq-100 all opened near their respective zero lines as investors awaited the latest CPI data.

– Alex Harring


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