U.S. stock index futures on Monday largely hugged the flatline, as market participants geared up for a jam-packed week that will see major tech companies report their results and the first Federal Reserve monetary policy committee meeting of the year. Here are some stocks to watch on Monday:

• Shares of ZIM Integrated Shipping Services (NYSE:ZIM) rose by nearly 10% in pre-market trading, after Jefferies upgraded the stock to a Buy rating from Hold. In a note titled “the script has flipped,” the brokerage believes that the shipping company’s cash burn has shifted to “significant” cash generation. “ZIM’s high spot, high cost and high leverage platform was a major concern in a period of low freight rates, but it now provides substantial upside given the rise in spot rates. Red Sea diversions are likely to continue for an extended period, tightening capacity for longer, and ZIM is set to capitalize,” Jefferies said.
• iRobot (NASDAQ:IRBT) stock plunged by more than 17% ahead of the opening bell, after the Roomba vacuum cleaner maker called it quits on its planned takeover by Amazon (AMZN). “Amazon’s (AMZN) proposed acquisition of iRobot (IRBT) has no path to regulatory approval in the European Union, preventing Amazon (AMZN) and iRobot (IRBT) from moving forward together,” the companies said in a joint statement. Moreover, iRobot (IRBT) said, in the wake of the deal termination, it would cut its workforce by 31% and replace its top boss.
• Shares of Whirlpool (WHR) will be in focus, with the home appliance company scheduled to announce Q4 2023 results after the closing bell. Wall Street expects Whirlpool (WHR) to earn $3.53 per share on revenue of $4.98B. The company in Q3 had managed to deliver a bottom line beat largely due to cost saving actions that resulted in about $300M of Y/Y benefit in that quarter. However, it had pointed to sluggish consumer demand and said that it saw a Q4 performance at a “similar level” to Q3.
• Super Micro Computer (SMCI) stock will garner attention, with the maker of information technology hardware on tap to report FQ2 2024 results after hours. Super Micro (SMCI) stock has become somewhat of an investor darling, experiencing a whopping 246.2% rise in 2023 and having built on that run in the new year to surge to a record high. A large part of that advance came after the company reported preliminary FQ2 results earlier this month in which it bumped up its profit and revenue guidance by a significant margin.