6 stocks to watch on Wednesday: Microsoft, AT&T, Capital One and more
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The latest round of earnings reports sparked caution on Wall Street, with the futures pointing to a slide at the start of Wednesday's trading. A lower open would follow a mixed performance the day before. Here are some stocks to watch on Wednesday:

Microsoft (NASDAQ:MSFT) edged past expectations with its Q4 adjusted EPS, which fell from last year to reach $2.32. This topped expectations by a penny. Revenue rose by 2% to $52.7B, although this missed projections by $450M. Meanwhile, the software giant suffered a network outage for its Azure cloud platform and Teams and Outlook services earlier Wednesday.
AT&T (T) pushed higher in premarket trading following the release of its quarterly results, climbing by about 2%. The telecom behemoth topped projections with its Q4 profit. The company also revealed that it has added 656K postpaid phone subscribers.
Capital One (COF) revealed Q4 results that came in below analysts' expectations. The company reported adjusted EPS of $2.82, down from $5.62 in the same period last year. Experts were looking for a figure around $3.86.
Texas Instruments (TXN) reported Q4 EPS of $2.13, exceeding projections by $0.15. The firm's revenue slipped 3% from last year to reach $4.67B. Looking ahead, the company projected revenue of $4.17B-$4.53B, compared to a consensus of $4.42B.
Tesla (TSLA) is scheduled to report its quarterly results after the closing bell. Elon Musk's EV maker is projected to earn $1.11 per share, on revenue of $24.3B. Investors are also going to be looking for deliveries guidance and potential hints about a CEO succession.
IBM (IBM) is also set to announce its financial figures in the post-market period. Analysts are looking for EPS of $3.61, a nearly 8% improvement from last year. Revenue is expected to dip about 2% to $16.4B.


For a look at the broader markets, Seeking Alpha contributor Sandeep Rao takes a deep dive into the January effect and lays out its impact on the outlook for 2023.