U.S. stock futures are ticking higher; investors await Tesla (TSLA) second-quarter deliveries data; Paramount Global (PARA) reportedly settles its “60 Minutes” lawsuit filed by President Donald Trump; Constellation Brands (STZ) posts disappointing results as its CEO says “non-structural socioeconomic factors” hurt consumer demand; and Verint Systems (VRNT) stock soars on a report that buyout firm Thoma Bravo was in talks to acquire the call center software provider. Here's what investors need to know today.
1. US Stock Futures Point Slightly Higher
U.S. stock futures are ticking higher after the Nasdaq and S&P 500 ended lower Tuesday following consecutive sessions with record-high closes. Nasdaq futures are up 0.1% and S&P 500 futures are essentially flat. Dow Jones Industrial Average futures are up by 0.2% after the blue-chip index rose 0.9% yesterday. Bitcoin (BTCUSD), gold and oil futures, and the 10-year Treasury note yield are all higher.
2. Tesla Expected to Report Sharp Q2 Deliveries Decline
Tesla (TSLA) shares are rising nearly 1% in premarket trading as investors await the electric vehicle maker's second-quarter deliveries data, which is expected to be released Wednesday morning. Analysts from JPMorgan, William Blair, and Deutsche Bank warned clients they expect Tesla could miss delivery estimates as demand remains weak and competition grows. Tesla is expected to report an 11% year-over-year drop in Q2 deliveries to about 394,000 vehicles, per Visible Alpha. Tesla's stock has been under pressure as CEO Elon Musk continued his feud with President Donald Trump over the “One Big Beautiful Bill” making its way through Congress.
3. Paramount Global Settles Trump's '60 Minutes' Lawsuit, Reports Say
Paramount Global (PARA) has agreed in principle to a $16 million settlement with President Donald Trump to end his lawsuit over a CBS News “60 Minutes” interview with former Vice President Kamala Harris, according to reports. Trump's lawsuit alleged that CBS deceitfully edited the interview with the former presidential candidate. The settlement reportedly doesn't include an apology from CBS News and is lower than the $20 million the suit initially sought. The move comes as Paramount seeks government approval to merge with Skydance Media. Paramount Global shares are slightly higher in premarket trading.
4. Constellation Brands Says ‘Non-Structural Socioeconomic Factors' Hurt Demand
Constellation Brands (STZ) posted first-quarter results that fell short of analysts' expectations amid what CEO Bill Newlands said was “softer consumer demand largely driven by what we believe to be non-structural socioeconomic factors.” The Corona and Modelo parent reported a 6% year-over-year drop in revenue to $2.52 billion and lower adjusted earnings per share of $3.22, both shy of Visible Alpha consensus. Constellation Brands maintained its full-year earnings estimate of $12.60 to $12.90 per share, with the midpoint below analysts' projection of $12.84. Shares reversed course in premarket trading and now are up 0.7%.
5. Verint Systems Stock Soars on Reported Talks With Buyout Firm Thoma Bravo
Verint Systems (VRNT) stock is jumping 10% in premarket trading following a Bloomberg report that buyout firm Thoma Bravo was in talks to acquire the maker of call center software. Shares closed at $18.59 yesterday, giving the company a market capitalization of $1.12 billion. On its website, the Melville, N.Y.-based company says it has about 10,000 “blue chip customers in more than 175 countries,” with “more than 80% of the Fortune 100” relying on it.
