US futures are trading higher this morning on Wednesday, and investors are focusing on some of the stocks that may grab their attention today. Cintas Corporation (CTAS) and Lululemon Athletica Inc. (LULU) are two of the top contenders for investor focus.
Cintas Corp, which provides corporate identity uniforms and related products to businesses in North America, is set to release its fourth-quarter earnings report after market close. Analysts expect the company's revenue to be around $1.78 billion with earnings per share at $2.22.
On the other hand, Lululemon Athletica Inc., a yoga-inspired athletic apparel company based in Canada, announced yesterday that it has agreed to acquire MIRROR for $500 million in cash. MIRROR is an interactive workout platform that features live and on-demand classes.
In addition to these two companies, here are three more stocks worth watching heading into Wednesday:
Investors will be closely monitoring all these companies as they look for clues about how the US economy is performing during these turbulent times amid COVID-19 pandemic concerns.
With US futures trading higher this morning on Wednesday, many investors remain optimistic about the stock market's performance throughout the day following announcements from several major corporations like Cintas Corp and Lululemon Athletica Inc., along with Chewy Inc., General Mills Inc., and FedEx Corporation who could potentially make or break their portfolios.