5 stocks to watch on Thursday: Tesla, IBM and more
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Strong GDP data and a positive response to Tesla's earnings gave futures a lift in premarket trading on Thursday. A higher open would follow two days of mixed performances. Here are some stocks to watch on Thursday:

Tesla (NASDAQ:TSLA) jumped nearly 9% in premarket trading after betting expectations with its Q4 profit. Revenue rose 37% from last year to reach $24.3B. Meanwhile, Elon Musk's EV maker also presented an upbeat outlook for sales and production.
IBM (IBM) slipped about 2% before the opening bell. The slide came after the IT giant released a mixed quarterly report and issued sluggish free cash flow guidance. The company also revealed that it would cut 1.5% of its workforce in the face of a slowing economy.
Chevron (CVX) saw gains in the wake of an increased dividend and an expanded stock repurchase program. The oil behemoth raised its quarterly dividend by 6% and authorized $75B for share repurchases. Shares rose about 4% in premarket action.
Comcast (CMCSA) reported a Q4 non-GAAP profit of $0.82 per share, beating analysts' projections by $0.04 per share. Revenue edged up by almost 1% to $30.55B, exceeding projections by $190M.
Intel (INTC) is scheduled to report its quarterly results after the closing bell. Analysts expect the semiconductor maker to post non-GAAP earnings of $0.20 per share. Revenue is projected to total $14.5B.


Looking closer at the day's key economic report, government statistics showed that the economy expanded by 2.9% in Q4, higher than the 2.7% that experts were predicting.