These are the stocks posting the largest moves before the bell.Market Insiderread more
U.S. stock futures pointed to a higher open on Monday as Treasury yields rebounded to quell fears of a possible recession.US Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Dow to jump; Trump defends economy; Huawei hopes for US reprieve; Trump and Apple's Tim Cook meet; president ties Hong Kong protests to China trade disputeMarketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Target is launching its biggest brand yet, Good & Gather. Target expects the grocery label will be a multibillion-dollar brand by the end of 2020.Retailread more
J.P. Morgan analyst Stephen Tusa is warning investors to temper their expectations for an improved forecast from General Electric when the embattled industrial conglomerate reports second-quarter earnings on July 31.
"So far this year, 'beat and lower' has been the trend, as bulls have cut '20 FCF estimates by 30% despite the 1Q 'beat', and we encourage investors to watch Street models post the print for more cuts to the out years," Tusa said in a note Monday.
Tusa is widely followed for his thoughts on GE due to his early warnings of the stock's decline about three year ago.
He said GE is "set up to beat" the Wall Street consensus on the company's closely watch metric of industrial free cash flow — money left over after a company pays for operating expenses and capital spending. It's often used as a gauge of efficiency. GE previously gave what Tusa called an "implied guidance" that second-quarter free cash flow would be between a negative $1 billion to negative $2 billion.
"We continue to believe that a cut to 2Q FCF of this magnitude makes little sense given most of the structural cash headwinds (restructuring, working capital solutions wind down, etc.) are 2H weighted," Tusa said.
GE's second quarter will not be "any different" than its last two quarters, Tusa said. He anticipates the second quarter will beat on free cash flow with a simultaneous cut to the company's forecast.
"We see the same dynamic here where despite a 4Q18 "beat" on FCF, the forward FCF estimate has been cut by ~30%," Tusa said.
The analyst maintained his underweight rating for the stock.
– CNBC's Michael Bloom contributed to this report.