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Premarket Movers Tuesday - Home Depot, Walmart, Tesla

Stock futures edged higher Tuesday as third quarter earnings reports from Home Depot and Walmart buoyed investor confidence.

Stock futures were mostly rising Tuesday after retail sales in October jumped for a third consecutive month.

Here are some of the top movers ahead of trading on Tuesday.

1. Home Depot HD | Up 1.5%

Shares of Home Depot  (HD) - Get Free Report advanced after the home-improvement retailer posted stronger-than-expected third quarter earnings. Buyers shrugged-off the recent surge in inflation and boosted average ticket sales.

Home Depot reported earnings of $3.92 a share, up 23% from the year-earlier period and ahead of the Street consensus forecast of $3.40 a share. 

2. Axon Enterprise AXON | Up 25%

Shares of Axon Enterprise AXON surged after te maker of equipment like tasers and body cameras reported better-than-expected sales and revenue for its latest quarter. 

3. Walmart WMT | Down 0.7%

Walmart  (WMT) - Get Free Report shares wavered after the retail giant exceeded analysts' expectations on earnings and raised its full-year forecast.

Walmart earned $1.45 a share for the third quarter, 5 cents a share above estimates, with comparable-store sales topping forecasts as well.

4. Tesla TSLA | Down 0.4%

Shares of Tesla  (TSLA) - Get Free Report extended their fall Tuesday after the electric vehicle maker was reportedly sued by JPMorgan  (JPM) - Get Free Report for $162.2 million. The banking company alleged that the carmaker breached a contract related to stock warrants.

5. Lucid LCID | Up 13%

Electric vehicle maker Lucid  (LCID) - Get Free Report rose sharply after the company reported a jump in orders and forecast further increases this year. 

“We remain confident in our ability to achieve 20,000 units in 2022,” Lucid Chief Executive Peter Rawlinson said in a statement. He noted, though, that the target “is not without risk given ongoing challenges facing the automotive industry, with global disruptions to supply chains and logistics.”