4 stocks to watch on Tuesday: PepsiCo, Unity Software and more
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U.S. stock index futures on Tuesday pointed to a slightly higher open, with the focus on a host of Federal Reserve speakers lined up for the day. Meanwhile, Treasury yields fell coming off Columbus Day. Here are some stocks to watch on Tuesday: 

PepsiCo (NASDAQ:PEP) stock rose around 1% ahead of the opening bell, after the soft drink and snacks giant reported Q3 organic revenue growth of 8.8%, higher than the expected figure of +8.3%. Sales were helped by PEP's price hikes and continued demand for its popular products such as Lays chips and drinks like Mirinda, Gatorade and Mountain Dew. PepsiCo (PEP) also raised its FY 2023 core constant currency earnings per share guidance for a third time this year, with the company now expecting it to increase 13% versus 12% previously.
Class A shares of Rivian Automotive (RIVN) added nearly 3% in pre-market trading, with the stock among the most actively traded ahead of market open. The electric vehicle maker saw some positive action from brokerages on Tuesday, with Needham reiterating the stock as a Conviction List pick and UBS upgrading it to Buy from Neutral. Both brokerages recommended buying the recent dip in the stock, which cratered nearly 23% last Thursday for its worst intraday showing ever after the company announced plans for a $1.5B green senior notes offering.
Shares of Electronic Arts (EA) advanced about 1.5% in pre-market trading, after Bank of America upgraded the videogame publisher's stock to Buy from Neutral. The brokerage said that the discount in EA stock compared to its peers was "unwarranted" and that the risk in it was skewed attractively as its relative valuation was near a five-year low. BofA also noted the strong performance of the company's recently released EA SPORTS FC 24, Electronic Arts' (EA) first soccer game since breaking up with governing body FIFA.
Unity Software (U) stock gained more than 4% ahead of the opening bell, after the gaming software firm said its CEO of nine years, John Riccitiello, will step down and will be replaced as top boss by James Whitehurst on an interim basis. The leadership change comes a few weeks after Unity (U) frustrated developers with a controversial pricing change, a move that also led to a negative reaction on Wall Street.

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