Here’s what we’re watching ahead of Tuesday’s opening bell.
—U.S. stock futures were little changed after major indexes hit records a day earlier and investors got ready for a slew of blue-chip earnings. Read our full market wrap here.
What’s Coming Up
are due to give results after markets close.
—The Federal Reserve starts its two-day policy meeting. The International Monetary Fund releases its world economic outlook at 8 a.m. ET. The World Economic Forum’s virtual summit continues from Davos.
Market Movers to Watch
is up 6% in premarket trading. It reported earnings that missed analysts’ estimates, but said that it ended the fourth quarter with $37 billion of liquidity.
rose 1.3% in premarket trading. It reported earnings per share that beat estimates and said it expects sales in 2021 to grow up to 8%.
is up 5.8% ahead of the opening bell. Tesla CEO
tweeted “I kinda love Etsy” and “Bought a hand knit wool Marvin the Martian helm for my dog” in the early hours of the morning. The online marketplace’s shares have rallied more than 17% this month.
—Oil exploration company
is up 5.2%, reversing direction after four straight days of losses.
reported earnings per share that shrank in the fourth quarter, but also said that it’s making progress on a Covid-19 vaccine. Its shares are up nearly 1% premarket.
shares fell 2% in premarket trading. It reported a decline in fourth-quarter revenue and earnings as it logged a negative provision for credit losses.
added 2.6% premarket. The aerospace and defense manufacturer reported earnings per share, ex-items, that was above estimates. It also said it has a $67.3 billion backlog for its defense division and that it plans to buy back at least $1.5 billion shares in 2021.
is rallying nearly 16% premarket. The videogame retailer’s shares surged to a record on Monday, rising more than 145% at one point, before plunging and seesawing back up again. The battle between day traders and short sellers appears to continue on.
The Global Cannabis Stock Index, which tracks U.S.-listed marijuana stocks, has climbed 35% since the start of this year.
Chart of the Day
Small-investor trading activity has stayed super hot in 2021, highlighting the opportunity for big banks to tap into a rare source of growth.
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