Global markets positioned for a second day of gains as worries over the Brexit vote in the U.K. continued to subside amid political trepidation there. European stocks added 2 percent Wednesday after markets in Asia ended the day in the green. Dow Jones futures showed a sunny outlook on Wall Street.
Here are five stocks to keep an eye on as markets recover their stride.
The world’s largest cruise line sailed past Wall Street expectations Tuesday in an earnings report that saw Carnival (CCL) post net revenue gains of 3.6 percent year over year and announce a $1 billion stock buyback.
That pleased analysts at Goldman Sachs, who overnight upped its target price to $52, from $46.50. Shares of Carnival held at $43.94 in premarket trading.
As markets pulled ahead, Nike (NKE) moved the other way Wednesday after the company stumbled in an earnings report Tuesday. North American sales for the sportswear company came out flat as profit fell 2 percent.
Wall Street turned up its nose at the news, with analysts at Stifel Financial cutting its target price for Nike to $68, from $73. The stock was down 1 percent before the bell.
PayPal Holdings Inc.
Among the stocks hammered by the U.K.’s decision to ditch the European Union was Paypal (PYPL), which fell alongside other financial companies last Friday. But sentiment has shifted on Paypal, especially following a note from Deutsche Bank analysts naming the company as a front-runner in the fast-growing peer-to-peer payments space.
Shares of PayPal rose 1.45 percent in premarket trading.
The agrochemical and agricultural company reported earnings short of Wall Street’s hopes Wednesday, with revenue of $4.19 billion, compared with $4.5 billion expected. The news could influence Bayer, the German chemical and pharmaceutical company, which has recently wooed Monsanto, not yet to any avail.
Shares in Invesco (IVZ) surged before the bell, rising 3.2 percent in premarket trading. Market fallout from the Brexit vote shaved nearly 20 percent off stock in the investment company, which according to FactSet has some of the highest exposure to the U.K. But as fears over the referendum tempered, appetite for the damaged stock picked up.