7 stocks to watch on Wednesday: Telsa, Airbnb, Krispy Kreme and more
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Economic data remained in focus on Wednesday. A day after a hotter-than-expected consumer inflation report led to a mixed performance on Wall Street, retail sales will represent a key driver. Here are some stocks to watch on Wednesday:

Telsa's (TSLA) CEO will continue to keep his other chief executive job at Twitter until at least the end of 2023. Elon Musk announced that he is staying on as the head of the social media giant that he bought last year. "I think I need to stabilize the organization," he said. Separately, the Biden administration announced that TSLA will make thousands of its superchargers available to all EVs.
Airbnb (NASDAQ:ABNB) rallied in premarket trading, climbing almost 10% after releasing better-than-expected earnings. The vacation home marketplace saw its revenue surge 24% to $1.9B. Looking ahead, ABNB predicted Q1 revenue of $1.75B-$1.82B, compared to the consensus estimate of $1.69B.
Krispy Kreme (DNUT) easily topped earnings expectations in Q4, with revenue climbing 9% to $405M. "Looking to 2023, we are well-positioned to deliver another year of terrific growth with a great start led by premium offerings for celebrations," the firm's CEO said.
Biogen (BIIB) advanced almost 2% in premarket trading following the release of better-than-expected Q4 earnings. Revenue slipped 7% to $2.54B, but the top-line total still exceeded expectations by $100M. For 2023, the company projected a mid-single digit revenue decline.
Kraft Heinz (KHC) reported Q4 non-GAAP EPS of $0.85, coming in above expectations by $0.07. The processed food maker added that its revenue surged 10% to $738M, $151M above consensus. A 15% increase in pricing offset a nearly 5% drop in volume.
Cisco (CSCO) is expected to report quarterly results after the closing bell. The networking equipment maker is projected to announce a profit of $0.86 per share on revenue of $13.4B. Last year, the firm posted a bottom-line result of $0.84 per share, with sales of $12.7B.
Shopify (SHOP) is also slated to release its financial figures in the postmarket period. The e-commerce platform provider is projected to lose $0.02 per share. Meanwhile, revenue is expected to rise to $1.65B.


For more on the recent inflation statistics, see why Seeking Alpha contributor Mott Capital Management calls the CPI numbers "a big blow to the bulls' narrative."