6 stocks to watch on Thursday: Nvidia, Alibaba, Dollar General and more
David Becker/Getty Images News


The futures are pointing to a higher open on Thursday following a mixed performance the previous day. The S&P 500 is looking to break a four-session losing streak, as stocks have been hampered lately by concerns that the Federal Reserve will extend its rate-hiking plans. Here are some stocks to watch on Thursday:

Nvidia (NASDAQ:NVDA) soared in premarket trading, rising more than 10% after posting Street-beating Q4 results. The computer chip maker reported revenue that rose 21% to $6.05B. The firm's CEO also said that AI had reached an "inflection point" that will have "broad adoption reaching into every industry."
The release of earnings news also spurred premarket buying in Alibaba (BABA), with shares of the Chinese tech giant rising more than 6%. The company posted Q3 non-GAAP EPS of $2.79, which exceeded estimates by $0.39. Revenue rose 2% to $35.9B. "We expect continued recovery in consumer sentiment and economic activity," the firm's CEO said.
Dollar General (DG) dropped 5% in premarket action after the low-price retailer issued disappointing preliminary Q4 results. The company said it now expects quarterly EPS of $2.91-$2.96, compared to its previous forecast of $3.15-$3.30.
Unity Software (U) reported Q4 results that surpassed expectations, but the video game software development company provided a disappointing Q1 outlook. The firm predicted quarterly revenue of $470M to $480M, below the $525M that analysts were projecting. Shares dropped 7% in premarket action.
Intuit (INTU) is scheduled to report quarterly results after the closing bell. The maker of tax preparation software is projected to earn $1.44 per share, with revenue expected to come in at $2.9B.
The list of after-hours earnings releases also includes Booking Holdings (BKNG). The travel booking service is projected to see its Q4 EPS rise almost 40% to $22.08. Analysts are looking for revenue to climb more than 30% to $3.9B.


With the Fed an ongoing focus on Wall Street, Seeking Alpha contributor FTSE Russell has looked back at previous tightening cycles for clues as to what's in store for 2023.