6 stocks to watch on Thursday: Intel, McDonald's, Detroit automakers and more
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U.S. stock index futures on Thursday were in the red, a day after Wall Street ended lower on reignited fears that the Federal Reserve may be forced to keep interest rates higher for longer to tame inflation. Here are some stocks to watch on Thursday: 

Intel (NASDAQ:INTC) stock was in focus, after Citi said the chip giant's foundry customer was a 'whale.' INTC CEO Pat Gelsinger late last month disclosed that the company had received a prepayment for its foundry business to use an upcoming technology node, 18A, which is scheduled to go into production in H2 of next year. Citi said the customer prepayment was from a potential 'whale,' adding that INTC was looking to secure one more 'whale.'
McDonald's (MCD) stock was marginally higher ahead of the opening bell, after the fast food giant received a bull rating from Wells Fargo despite a gloomy outlook for the broader restaurant sector. The brokerage upgraded MCD to Overweight, as it sees the company standing tall through innovation tailwinds, digital initiatives, and flight to value, even as broader quick-service restaurant trends slow.
Shares of American Eagle Outfitters (AEO) were unchanged ahead of the opening bell, a day after the apparel retailer reported Q2 results that included record revenue of $1.2B. The company joined rival Abercrombie & Fitch (ANF) in raising its full year outlook. AEO top boss Jay Schottenstein said demand had picked up in June and July on the back of brand strength and popular trend collections.
Stocks of Detroit automakers General Motors (GM), Ford (F) and Stellantis (STLA) will be in the spotlight, as negotiations between them and the United Auto Workers (UAW) union heat up, with the strike deadline just one week away. The UAW has made a labor contract counterproposal on economic issues to Ford (F), while STLA is planning to make its counteroffer to the union this week. UAW representatives are meeting with GM execs later on Thursday.

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