6 stocks to watch on Tuesday: Datadog, UPS, Disney, Rivian and more
Justin Sullivan
Wall Street's stock index futures on Tuesday pointed to a lower open, while Treasury yields continued to show volatility. Markets kicked off the week in the previous session with strong gains, with investors looking ahead to the consumer inflation report on Thursday. Here are some stocks to watch on Tuesday: 

Class A shares of Datadog (NASDAQ:DDOG) slumped more than 20% in pre-market trading, after the cloud software company issued Q3 revenue guidance that came in below consensus and cut its full year revenue outlook. The disappointing forecast came despite a strong Q2 top and bottom line performance, with the former gaining more than 25% Y/Y on healthy new logo bookings and continued customer growth.
Class A shares of Palantir Technologies (PLTR) were among the most actively traded ahead of the opening bell and saw a lot of volatility, as investors digested its Q2 results. The data analytics software company's adjusted earnings per share and revenue came in-line with estimates. Several analysts pointed to PLTR's slowing revenue growth as an area of concern, though some also highlighted its artificial intelligence (AI) capabilities. PLTR also announced a $1B share buyback.
UPS (UPS) stock fell more than 3% ahead of market open, after the world's largest delivery company reduced its full year consolidated revenue and adjusted operating margin guidance to reflect the impact and costs of its recently reached tentative labor agreement with Teamsters. The transportation company said Q2 revenue fell nearly 11% Y/Y on a ~10% decline in average daily volume. Moreover, revenue slipped in all three UPS segments.
Class A shares of AMC (AMC) advanced more than 6% in pre-market trading, after the world's largest cinema chain disclosed a surge in Q2 revenue to $1.35B and guided for a record revenue tally in July on the back of the strong box-office performances of Barbie (WBD) and Oppenheimer (CMCSA). According to AMC top boss Adam Aron, this quarterly performance was the company's strongest Q2 in four full years. AMC ended the quarter with a cash position of $435.3M and liquidity availability of $643.4M.
Speaking of the entertainment industry, Disney (DIS) stock was in focus after a report that the movie and theme parks giant had formed a task force to evaluate how AI can be used across the company to cut costs. The report comes at a time when writers and actors in Hollywood are striking due to various reasons, chief among them being the impact AI could have on their jobs. According to the report, Disney (DIS) formed the group earlier this year before the strikes.
Eyes will also be on Rivian Automotive (RIVN) stock, with the electric vehicle (EV) maker set to announce its Q2 results after the closing bell. Wall Street expects the firm to post a loss per share of $1.39 on revenue of $1B. Investors will be closely looking out for how the company deals with increasing competition in the EV pickup truck space, its margins, cost saving measures, and its agreement with Amazon (AMZN).

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