Stocks

HP Is Soaring, Lowe's Is Gaining, and the Dow Isn't Doing Much At All

U.S. stock futures are flat Wednesday morning because they can’t go up everyday. Still, several stocks, such as Altice, Lowe’s and HP, are moving on earnings, deals, and upgrades.

U.S. stock futures are flat Wednesday morning because they can’t go up everyday. Still, several stocks, such as Altice, Lowe’s and HP, are moving on earnings, deals, and upgrades.

Dow Jones Industrial futures are flattish—because they can’t go up every day.

Dow Jones Industrial Average futures as well as S&P 500 and Nasdaq Composite futures are barely in the green Wednesday morning. Overseas stocks are flat as well.

Of course, some stocks are moving in premarket trading.

Plantronics (ticker: PLT) shares are plummeting, down 30% at $27.60 after the maker of electronics and audio equipment reported earnings that disappointed investors. Wall Street expected $1.34 in per share earnings and the company reported $1.24 a share—at the low end of management’s prior guidance.

Broadband and cable provider Altice (ATUS) earnings also disappointed the street. Management cut full year sales growth guidance from about 3.25% to 2.5%. Wednesday is shaping up as a hard day for the stock—several analysts downgraded shares this morning after the earnings report. Shares are down 17% at $26.08 in premarket trading.

Home improvement chain Lowe’s (LOW), on the other hand, was upgraded by Credit Suisse. Shares are up 1.6% at $114 in premarket trading.

And HP (HPQ) stock is up 15% at $21.20 in premarket trading. The Wall Street Journal reported Xerox (XRX) might purchase the company—marrying copiers and printers. Xerox stock has dropped 1.7% to $35.77.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.