5 stocks to watch on Wednesday: AMD, Altria, EA and more
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The futures edged lower in Wednesday's premarket action, as investors looked ahead to a major Federal Reserve announcement due out in the afternoon. In keeping with the pre-Fed uncertainty, shares rose on Tuesday following a slide to start the week. Here are some stocks to watch on Wednesday:

AMD (NASDAQ:AMD) pushed higher in premarket trading, climbing almost 4% after the firm reported Q4 earnings that topped expectations. Revenue rose 16% to $5.6B. For Q1, the semiconductor maker predicted revenue of $5.0B to $5.6B, compared to an analyst consensus of $5.5B.
Altria (MO) reported a mixed quarterly report. The firm's Q4 non-GAAP EPS topped analysts' expectations, while its top-line figure failed to exceed projections. The tobacco giant reported revenue that was basically flat with last year at $5.08B.
The release of earnings news prompted premarket selling in EA (EA). Shares of the video game maker dropped 10% following mixed quarterly results that included lower-than-expected holiday bookings. The company's revenue rose 5% from last year to reach $1.88B, but this total came in $620M below analysts' consensus.
Match Group (MTCH) plunged amid a weak earnings report, dropping about 9% before the opening bell. The dating app missed projections on both its top and bottom lines, with revenue that slumped 3% to $786M.
Meta Platforms (META) is scheduled to release its quarterly results after the closing bell. The Facebook parent is projected to earn $2.23 per share on revenue that is estimated to come in at $31.7B. Investors will also focus on the firm's insight into the state of the ad market.


Outside of corporate news, the main topic of conversation on Wall Street will center on the Federal Reserve meeting. It is widely expected that the central bank will raise interest rates by another 25 basis points. Meanwhile, investors will look at commentary from Fed Chair Jerome Powell for signs of the future of monetary policy.