Stock futures on Tuesday rose, led by hopes for more U.S. stimulus and for progress on vaccinations.
Here are some of the top movers during premarket trading on Tuesday.
1. Pfizer PFE | Up 0.7%
Pfizer reported earnings of 42 cents a share, a 14% increase from the year-earlier period. Revenue rose 12% to $11.7 billion. Analysts estimated earnings of 48 cents a share on revenue of $11.4 billion.
2. United Parcel Service UPS | Up 4.8%
UPS posted adjusted earnings of $2.66 a share vs. $2.11 in the year-earlier quarter. Analysts polled by FactSet had been expecting $2.14 a share.
3. Alibaba BABA | Down 0.4%
U.S. listed shares of Alibaba (BABA) - Get Report dropped Tuesday even though the Chinese tech giant posted stronger-than-expected third-quarter earnings as its e-commerce business benefited due to the coronavirus pandemic.
Revenue rose 37% to 221.08 billion yuan ($34.24 billion) in the three months ended Dec. 31, above estimates of 214.38 billion yuan, according to data from Refinitiv.
4. Exxon Mobil XOM | Up 2%
Shares of Exxon Mobil (XOM) - Get Report traded higher Tuesday even after the oil giant posted a net loss of more than $20 billion for the fourth-quarter but adjusted earnings topped Wall Street expectations.
Adjusted earnings fell to 3 cents a share from 41 cents a share, but beat the FactSet consensus of 1 cent a share. Group revenue, Exxon said, fell 31% to $46.5 billion and missed analysts' estimates of $48.76 billion.
Exxon also said it formed ExxonMobil Low Carbon Solutions, and would invest $3 billion in the group by 2025. It aims to reduce greenhouse gas by as much as 20% from 2016 levels.
5. Harley-Davidson HOG | Down 7.6%
Harley reported a loss of 63 cents a share for the fourth quarter against expectations of a profit of 14 cents a share.