Ahead of the announcement, check out the companies making headlines: American Eagle Outfitters — Shares jumped 4% after JPMorgan upgraded its rating to outperform from neutral. During the call, the company mentioned the retailer’s merchandising initiatives and operational changes. Freeport-McMoRan — Shares jumped 1.9% after Bank of America gave the U.S. miner a neutral buy rating on the stock, saying it has blue-chip copper exposure. Molson Coors — Shares rose 1.9% after Goldman Sachs upgraded the brewer to buy, saying the company could benefit from expanding its retail shelf space. Ally Financial, a financial services company, gained nearly 2% after its shares were upgraded to neutral by Bank of America. Bank analysts believe Ally Financial could see higher earnings than expected, less earnings volatility and that its potential leverage may be underestimated. Alphabet – Shares rose slightly ahead of Google Cloud Next event on Tuesday. The tech giant’s stock has been in trouble lately, with shares up more than 14% in the past month. Pfizer — Shares rose slightly after the pharmaceutical giant said Tuesday that its respiratory syncytial virus vaccine showed potential to protect adults under 60 from severe disease. — CNBC’s Michelle Fox contributed reporting.
