5 stocks to watch on Tuesday: KO, MCD, AMZN and more

U.S. stock index futures on Tuesday pointed to a lower open, with market participants receiving a deluge of earnings reports. Here are some stocks to watch on Tuesday: 

• Eli Lilly (LLY) stock advanced more than 5% in pre-market trading. The world's largest publicly listed healthcare firm raised its top and bottom line guidance on the back of a strong Q1 sales performance of its GLP-1 receptor based drugs Mounjaro and Zepbound. The surging demand for the diabetes and weight loss medicines, respectively, has propelled Lilly's (LLY) valuation close to $700B over the past year. In Q1, the medicines brought in sales of $2.32B and made up 26.5% of total revenue. Lilly (LLY) top boss David Ricks also said that the company is "rapidly expanding manufacturing capacity" to increase availability of the GLP-1 drugs. See how LLY performed in charts.
• Shares of Coca-Cola (KO) stock slipped marginally ahead of the opening bell, after the snacks and soft drinks behemoth saw some impairment charges hit its Q1 operating income and margin. The former declined 36% Y/Y while the latter came in at 18.9% vs. 30.7% a year ago. The items affecting the earnings included a charge of $765M related to Coca-Cola's (KO) acquisition of fairlife in 2020 and a non-cash impairment charge of $760M related to the BODYARMOR trademark. Still, Coca-Cola's (KO) overall organic revenue rose a solid 11% in the quarter, driven by higher prices of its products and consumers willing to shell out the money for them. See how KO performed in charts.
• McDonald's (MCD) stock retreated more than 3% ahead of market open, after the Dow 30 component's Q1 global comparable sales growth of 1.9% missed the consensus mark of +2.3%. Moreover, the world's largest fast-food chain saw its international sales growth continue to be impacted by the conflict in the Middle East. "Consumers are more discriminating with every dollar that they spend," McDonald's (MCD) chief executive Chris Kempczinski noted. U.S. comparable sales were somewhat of a bright spot, rising 2.5% primarily due to menu price increases and effective marketing campaigns. See how MCD performed in charts.
• Shares of Amazon.com (AMZN) will grab a chunk of the spotlight later today, with the tech and retail megacap scheduled to announce Q1 results after the closing bell. Wall Street expects AMZN to earn 83 cents per share on revenue of $142.55B. As always, one of the main areas of focus for investors will be the quarterly performance of Amazon Web Services (AWS) - the company's cloud cash cow. Amazon's (AMZN) commentary on its generative artificial intelligence (AI) capabilities and its guidance for the year will also attract attention. Earlier in February, Amazon (AMZN) delivered a strong holiday quarter performance.
• Also reporting results after the close of regular trading is Super Micro Computer (SMCI). Wall Street expects SMCI to earn $5.57 per share on revenue of $3.90B for FQ3 2024. San Jose, Calif.-based Super Micro (SMCI) makes products such as rackmount servers and graphics processing unit (GPU) servers, motherboards and chassis, and ethernet switches and adapters. However, its capabilities in making AI servers has turned its upcoming report into a barometer for AI demand, especially after it recently did not provide any preliminary results as it usually does. The focus will also be on Super Micro's (SMCI) market share and its ability to integrate into Nvidia's (NVDA) latest offerings.

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