> WALMART on Monday lowered its annual and quarterly profit targets as soaring food and fuel prices dampened customer spending. The retail group fell 10% in trading in the forefront. In its wake, HOME DEPOT, AMAZON and TARGET lose between 2.3% and 4.7%.
> 3M announced, when publishing its results, its intention to split its health care business in which it would retain a 19.9% stake. It takes 2.4% in pre-market trading.
> GENERAL MOTORS confirmed its annual profit target, but said it was preparing for a possible slowdown by limiting spending and hiring. The title lost 1.3% in pre-market trading.
>COCA COLA on Tuesday raised its sales forecast for the full year, as demand remained strong despite price increases intended to mitigate the impact of rising costs for key inputs, such as corn syrup and aluminum cans.
> MCDONALD’S reported higher-than-expected quarterly like-for-like sales on the back of strong online demand, new product launches and higher pricing.
> GENERAL ELECTRIC reduced its free cash flow guidance for the full year due to inflationary pressure and global supply chain disruptions.
> AMAZON will increase the fees for its Prime delivery and streaming service in Europe by up to 43% per year. The online retailer is looking to counter rising costs days before its quarterly financial results are released.
> UPS published a higher adjusted quarterly profit on Tuesday, as particularly profitable deliveries compensated for a drop in volumes linked to e-commerce. The title, however, yields 1.1% in preview.
> The Chinese e-commerce giant ALI BABA plans to make the Hong Kong Stock Exchange its main listing market, in addition to Wall Street, becoming the first major company to take advantage of a regulatory change in the Asian financial hub aimed at attracting technology groups. The action of the group gains 4.6% in preview.
> The global household appliance specialist WHIRLPOOL lowered its full-year profit outlook after reporting a 4.3% drop in revenue to $5.10 billion, below expectations, due to supply chain disruptions and slowdown in demand.
> The results of MICROSOFT and ALPHABETowner of Google, and VISA are expected after the closing of the New York Stock Exchange.