Citi analyst Atif Malik moved Applied Materials (AMAT) to his top pick in Semiconductor Capital Equipment citing the company's OLED display sales diversification. The analyst upped his price target for the shares to $31 from $28. Malik moved Lam Research (LRCX) down to number two citing uncertainty surrounding the merger with KLA-Tencor (KLAC). He lowered his price target for Lam to $102 from $105 but keeps a Buy rating on the name.

Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.