Credit Suisse raised Visa Inc. (NYSE: V) price target from $235 to $245. Credit Suisse analyst Moshe Orenbuch maintained the stock with an Outperform rating. Visa shares rose 1.9% to close at $194.38 on Tuesday.
Ford Motor Co (NYSE: F) shares are trading higher Tuesday in sympathy with General Motors Co (NYSE: GM), which popped after the company reported better-than-expected financial results.
General Motors (NYSE:GM) reported quarterly earnings of $2.25 per share which beat the analyst consensus estimate of $1.89 by 19.05 percent. This is a 48.03 percent increase over earnings of $1.52 per share from the same
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Tuesday after recording gains in the previous session. The Dow Jones jumped by more than 400 points on Monday after all the three major indices recorded their best week since June.
U.S. stocks closed higher on Monday, as investors assessed impacts of downbeat economic data.
Data from S&P Global showed a contraction in business activity for the month of October, increasing prospects that the Federal Reserve could start slowing the pace of rate hikes.