Preview of US Stock Market | Stock index futures are mixed, Tesla, Inc. (TSLA.US) wholesale sales in China fell by 50% month-on-month in February, Trump will deliver a speech to Congress after the market closes.

iwan Semiconductor Manufacturing Co., Ltd.1005Taiwan Semiconductor Manufacturing Co., Ltd.1.5%Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR announced plans to invest an additional $100 billion in their U.S. factories to increase chip production and support President Trump's goal of increasing domestic manufacturing. CEO Wei Zhejia of Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR stated that they had previously planned $65 billion of investment in the U.S., and this $100 billion is in addition to that. He emphasized that these measures will create thousands of new job opportunities.Target Corporation (TGT.US) reported better-than-expected Q4 earnings, but warned of significant profit pressures in the coming months. The financial report shows that Target Corporation's Q4 revenue was $30.91 billion, a 3% decrease year-over-year, but better than analysts' average expectations of $30.84 billion; earnings per share were $2.41, better than analysts' average expectations of $2.26. Q4 same-store sales increased by 1.5%, higher than analysts' average expectations of 1.3%. The company expects that same-store sales in the fiscal year 2025 will remain relatively unchanged, which is lower than analysts' expectations; it is expected that net sales in fiscal year 2025 will increase by about 1%. The company also warned that profit will face "significant" pressure in the coming months, due to weak February sales and uncertainties surrounding consumer confidence and tariffs. As of the time of writing, Target Corporation's stock rose over 4% in pre-market trading on Tuesday. Sycamore Partners to acquire Walgreens Boots Alliance (WBA.US) in a deal worth about $10 billion, potentially leading to the split off and delisting of the century-old pharmacy giant. According to sources familiar with the matter, private equity firm Sycamore Partners is set to acquire Walgreens Boots Alliance, a deal that could put an end to the tumultuous journey of the over 120-year-old retail pharmacy giant as a public company. The two sides are finalizing the deal, which could be announced as early as this week. It was previously reported that Sycamore is set to reach a deal to acquire Walgreens Boots Alliance for $11.30 to $11.40 per share in cash, with the total deal size around $10 billion. As of the time of writing, Walgreens Boots Alliance's stock rose over 6% in pre-market trading on Tuesday. Following a 64% single-day drop, Sunnova (NOVA.US) continues its decline in pre-market trading. After a significant drop of over 64% on Monday, Sunnova's stock fell nearly 4% in pre-market trading on Tuesday. On the news front, Sunnova warned of significant uncertainty in its ongoing operations. Sunnova stated that its cash inflow is not sufficient to meet obligations and has suspended its performance guidance. The company mentioned that management has planned to address risks, including debt refinancing, obtaining additional debt financing, cost reduction, and modifying dealer payment terms. The company also stated that it has hired financial advisors to assist with "certain aspects of debt management and refinancing work," without disclosing specific names. Most popular Chinese stocks are up in pre-market trading. As of the time of writing on Tuesday, Atour Lifestyle Holdings Ltd. Sponsored ADR (ATAT.US) rose nearly 4%, NetEase Inc Sponsored ADR (NTES.US), Bilibili, Inc. Sponsored ADR Class Z (BILI.US), ZAI LAB (ZLAB.US) rose over 3%, Baidu Inc Sponsored ADR Class A (BIDU.US), GDS Holdings Ltd. Sponsored ADR Class A (GDS.US), JD.com, Inc. Sponsored ADR Class A (JD.US) rose nearly 3%, Li Auto, Inc. Sponsored ADR Class A (LI.US), NIO Inc. Sponsored ADR Class A (NIO.US) all rose over 1%. Upcoming important economic data and events: 03:20 AM (Beijing time) FOMC permanent voting member, New York Fed President Williams will speak. Earnings forecast: Wednesday morning: CrowdStrike (CRWD.US), Ross Stores, Inc. (ROST.US), Nordstrom, Inc. (JWN.US)