5 stocks to watch on Thursday: Tesla, IBM, AT&T and more
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The futures pointed to selling at the start of Thursday's trading, as investors digested the latest round of earnings news. Stocks have largely moved sideways through the week so far. Here are some stocks to watch on Thursday:

Tesla (NASDAQ:TSLA) dropped in premarket trading following the release of its quarterly results. The company's profit missed expectations. Meanwhile, Elon Musk's EV maker suffered from higher raw material, logistics, commodities and warranty costs, which sent operating margins lower. Shares dropped 7% on the news.

In a separate story, Tesla boss Elon Musk has threatened a lawsuit against Microsoft (MSFT) related to the billionaire's other venture, Twitter. This came as Musk accused the software giant of improperly using Twitter data as part of the process of training its AI model. "They trained illegally using Twitter data. Lawsuit time," Musk said in a tweet.
IBM (IBM) surpassed expectations with its Q1 profit, despite revenue that failed to meet expectations. The top-line figure edged up less than 1% from last year to reach $14.3B. For the full year, IBM predicted constant currency revenue growth of 3%-5%.
The release of earnings news prompted premarket selling in AT&T (T), with the stock falling 4%. The telecom giant issued a mixed quarterly report, including weaker-than-expected free cash flow. Meanwhile, revenue growth was sluggish, rising 1% to $30.1B.
American Express (AXP) unveiled mixed Q1 results. The company reported GAAP EPS for the quarter of $2.40, missing projections by $0.27. Meanwhile, revenue rose 22% to $14.3B, exceeding estimates by $260M. Shares of the credit card firm slipped 1% before the opening bell.


For a look at the overall economy, see why Seeking Alpha contributor Lawrence Fuller thinks that growth in real income will be the key to avoiding a recession this year.