Check out which companies are making headlines prior to the bell:
Alphabet – Evercore ISI initiated coverage of a group of internet corporations, saying that “the best is yet to come for internet disruptors.” The Google-parent enterprise was among those the Wall Street firm rates as out-performers, together with Facebook, Amazon, InterActive and Match Group.
Alibaba Group – Susquehanna started out coverage of the Chinese e-commerce giant on Wednesday. The firm highlighted Alibaba’s two retail systems, Taobao and Tmall, as “impressive,” writing in an email that both advertising businesses possess “amply runway forward.”
AeroVironment – The military drone maker shares soared following the enterprise posted strong second quarter sales. AeroVironment crushed Wall Street’s expectations, reporting a profit of 29 cents per share, while analysts polled by Reuters had been anticipating a loss of 6 cents per share.
UnitedHealth Group – Optum, division of medical care and attention giant, expects to close a $4.9 billion offer for DaVita Medical Group next year. DaVita stated it plans to use the sale proceedings to fork out debts and buyback inventory over another couple of years.
Discovery Communications – The wire programming giant is going for a majority interest well worth $70 million in the Oprah Winfrey Network, which was previously a joint venture between your TV star and Discovery. The offer boosts Discovery’s ownership to 75 percent, while Winfrey will continue as OWN’s leader.
Home Depot – The house improvement retailer increased its 4th quarter stock buyback software to $15 billion, replacing a previous method to get $2.1 billion in shares.
Fred’s – The regional pharmacy announced it would not pay out its quarterly dividend and instead would put the money toward paying down more debt. The move emerged as Fred’s reported a third quarter reduction that was worse than anticipated.
Dave & Busters – The entertainment company reported better-than-predicted earnings at 29 cents per share, above the 24 cents per share analysts polled by FactSet predicted.