Alibaba, XPeng, Goldman Sachs, and More Stock Market Movers Tuesday

Text size Goldman Sachs and Morgan Stanley are scheduled to report quarterly earnings Tuesday. Scott Eells/Bloomberg Stock futures traded lower Tuesday after Wall Street reopened after a holiday. Equities kicked off 2023 with two consecutive positive weeks. These stocks could move in Tuesday’s trading session: American depositary receipts of Alibaba (BABA) fell 0.5% in premarket trading after The Wall Street Journal reported that Ryan Cohen, the billionaire co-founder of Chewy (CHWY) and chairman of GameStop (GME) , built up a stake worth several hundred million dollars in the Chinese e-commerce giant in the second half of last year and is pushing for the company to increase its stock buybacks. Alibaba shares rose 1% in Hong Kong. XPeng (XPEV) ADRs were down 3.4% in premarket Tuesday. The Chinese electric-vehicle maker cut the price tag on its G3i base models by 12.5%, or about $22,000, bowing to pressure after Tesla (TSLA) announced price cuts earlier this month. Tesla was down slightly. Goldman Sachs (GS) and Morgan Stanley (MS) are scheduled to report quarterly earnings before the opening bell Tuesday. Goldman disclosed Friday that it has lost $3 billion since 2020 in its push into consumer and transaction banking. Goldman Sachs fell 0.3% in premarket trading, while Morgan Stanley shares gained 2.1%. United Airlines (UAL) is scheduled to report quarterly earnings after the markets close Tuesday. AutoNation (AN) was falling 2% after shares of the car retailer were downgraded to Underweight from Equal Weight at Morgan Stanley, the Fly reported. Write to Joe Woelfel at

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