4 stocks to watch on Thursday: Apple nears $3T, Virgin Galactic and more
Scott Olson
U.S. stock index futures on Thursday seesawed, with concerns about the future of the Federal Reserve's monetary policy still very much in the spotlight. Wall Street's major averages had ended mixed in the previous session after Fed chief Jerome Powell hinted that the central bank could possibly hike rates consecutively at remaining meetings. Market participants on Thursday also parsed economic data in the form of jobless claims and the third estimate for U.S. GDP growth. Here are some stocks to watch on Thursday:

Micron Technology (NASDAQ:MU) stock rose in pre-market trading after analysts reacted positively to the chipmaker's quarterly results and guidance. The company posted a Q3 loss per share that wasn't as bad as feared, while beating on revenue. Piper Sandler upgraded the stock and said that MU's inventory correction appeared to be abating. JPMorgan said MU had reached a "stabilization phase."
Shares of Nike (NKE) will be in focus, with the sports footwear and apparel giant scheduled to report Q4 results after markets close. NKE is expected to earn $0.67 per share on revenue of $12.59B. The company's margin figures, inventory levels and China performance will be closely watched by investors.
Traders will be keeping a watch on shares of Apple (AAPL), after they notched record high close of $189.25 on Wednesday. The iPhone maker's stock is on the cusp of achieving a market capitalization of $3T. The tech giant had briefly crossed above the $3T mark in intraday trading in early January last year, but the stock has yet to close out a session with a market value above that level. Wedbush Securities believes AAPL could be worth as much as $4T.
Virgin Galactic (SPCE) stock was among the most active in pre-market trading. The company has targeted today for its first commercial spaceflight, with a three-person crew set for a 90-minute flight to conduct suborbital science experiments. Since SPCE's announcement on June 15 that it had targeted a late June date for the spaceflight, shares have gained nearly 17%.

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