Stock futures rose Tuesday as Wall Street bet that improved vaccine distribution and more fiscal relief from the U.S. government will aid in the economy's recovery.
Here are some of the top movers during premarket trading on Tuesday.
1. CVS Health CVS | Up 1.9%
CVS reported adjusted earnings of $1.30 a share, down 25% from the same period last year, on revenue of $69.55 billion. Analysts were expecting adjusted net income of $1.24 a share, on sales of $68.7 billion.
CVS said it administered 15 million COVID-19 tests at its 4,800 U.S. locations.
2. BorgWarner BWA | Up 7.4%
BorgWarner said the deal will expand its electrification portfolio.
3. Southwest Airlines LUV | Up 1.3%
4. Palantir PLTR | Down 11.5%
Palantir reported a loss of 8 cents a share. Revenue for the quarter was $322 million, higher than analyst expectations of $300.7 million.
In a letter to investors, CEO Alex Karp said the company has “repeatedly turned down opportunities to sell, collect, or mine data,” unlike those “built on advertising dollars.”