5 stocks to watch on Friday: JPMorgan, UnitedHealth, Qualcomm and more

Michael M. Santiago U.S. stock index futures on Friday seesawed , as market participants digested a jump in crude oil following conflict in the Red Sea, more data on inflation and the start of the fourth quarter earnings season. Here are some stocks to watch on Friday: JPMorgan ( NYSE: JPM ) stock added approximately 2% in pre market trading, after the top U.S.

bank's full year 2024 net interest income (NII) guidance beat estimates and implied a level similar to 2023 despite an anticipation of lower interest rates. The bellwether firm expects full year NII of about $90B, or around $88B excluding markets, versus a Visible Alpha consensus of $86.4B and $89.3B in 2023.

"The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing," JPMorgan ( JPM ) top boss Jamie Dimon said. See how JPM performed in charts . Shares of Wells Fargo ( WFC ) slipped more than 2% ahead of the opening bell. The lender's Q4 2023 profit fell sequentially, impacted by the FDIC's special assessment on big banks to replenish its insurance fund after last March's regional bank turbulence and a charge for planned staff cuts, as well as a gain from the resolution of a tax matter.

For 2024, Wells Fargo ( WFC ) said NII could be about 7% to 9% lower than 2023's $52.4B mark. See how WFC performed in charts . UnitedHealth ( UNH ) stock retreated about 3% ahead of market open, after the healthcare insurance giant's higher medical costs overshadowed a Q4 2023 top and bottom line beat.

UNH's full year 2023 medical care ratio a key metric for private insurers that is calculated by dividing the total medical expenses paid by an insurer by the total insurance premiums it collected came in at 83.2%, edging above both estimates and 2022's reading of 82%. See how UNH performed in charts .

Shares of Qualcomm ( QCOM ) climbed ~2% ahead of pre market trading, after Citi upgraded the stock to Buy from Neutral and bumped up its price target to $160/share from $110/share. The brokerage cited industry checks by analysts across the technology supply chain at the recently concluded Consumer Electronics Show.

The analysts noted that the Dynamic Random Access Memory market was continuing to improve, while also seeing inventory replenishment in the wireless end market. Boeing ( BA ) stock continued to garner attention, falling more than 1.5% ahead of the opening bell. Shares of the top planemaker have slumped 10.6% so far this week, as the fallout continues from an accident involving a blown door plug on a 737 Max 9 aircraft last Friday.

In the latest update, the U.S. Federal Aviation Administration said it was taking new steps to increase oversight of Boeing ( BA ) production and manufacturing. More on the markets Biggest stock movers today: Tesla, Grifols, ZIM Integrated Shipping, and more MNTS, VVPR and BETS among pre market losers NAT, MDAI and JTAI are among pre market gainers Dividend Roundup: Proctor & Gamble, Citigroup, Caterpillar, CVS Health, and more Red Sea Shipping Disruption Rages On And The Impact Will Continue Well Into 2024.