Walmart, Discover, Intel rise premarket; Home Depot falls

investing.com:

Investing.com — U.S. futures fell Tuesday as investors returned to their desks after a long weekend and prepared for a deluge of quarterly corporate earnings during the week.

Here are some of the biggest premarket U.S. stock movers today:

Walmart (NYSE:WMT) stock rose 2.9% after the retail giant’s fourth-quarter sales and earnings beat estimates and it raised its annual dividend by 9%, although a muted outlook limited share price gains.

Home Depot (NYSE:HD) stock fell 2.4% after the DIY retailer posted a dip in fourth quarter comparable sales, with cost-conscious consumers reining in expenditures on major property improvements, opting instead to focus on smaller and cheaper projects.

Discover Financial Services (NYSE:DFS) stock soared over 13% and Capital One (NYSE:COF) stock fell 3.3% after the pair agreed to merge in an all-stock deal worth $35.3 billion — a tie-up which would create the sixth-largest U.S. bank by assets and a major American credit card group.

Intel (NASDAQ:INTC) stock rose 3% after Bloomberg reported late last week that the Biden administration is in talks to award more than $10 billion in subsidies to the semiconductor firm.

Vizio (NYSE:VZIO) stock rose 15% after retail giant Walmart said it would buy the smart-tv maker for $2.3 billion.

Allegion (NYSE:ALLE) stock rose 0.6% after the provider of security products beat fourth-quarter profit estimates, helped by price hikes and strong demand for its security systems in commercial buildings.

Truist Financial (NYSE:TFC) stock rose 0.5% after the bank agreed to sell its insurance brokerage business to an investor group led by private equity firms Stone Point and CD&R, in a deal valued at $15.5 billion.

GlobalFoundries (NASDAQ:GFS) stock rose 3% after