Netflix, Halliburton, CSX, Chipotle: What to Watch When the Stock | Sidnaz Blog

Here’s what we’re watching ahead of Wednesday’s opening bell.

  • U.S. stock futures wobbled as the global Covid-19 infection rate and potential for new variants led to concerns about the pace of world economic recovery.
  • Futures tied to the S&P 500 and the Dow Jones Industrial Average wavered between gains and losses after two straight days of declines. Technology-heavy Nasdaq-100 futures slid 0.3%. Read our full market wrap.
What’s Coming Up
Market Movers to Watch
  • Netflix

    shares were down more than 8% premarket. Subscriber growth for the first quarter was weaker than expected, a potential warning sign for the company as consumers start to emerge from lockdowns and streaming competition increases.

  • Halliburton

    shares were up 2.3% premarket after the oil-services company delivered its latest quarterly earnings report.

  • Tenet Healthcare

    added 1.7% premarket. The company reported earnings after-hours trading Tuesday and updated its outlook.

  • FuelCell Energy

    shares dropped 3.4% premarket. The stock closed at $8.59 a share on Tuesday, after

    Wells Fargo

    set a price target of $9 a share.

  • CSX

    shares dropped 1% ahead of the bell. The railroad operator’s top line fell in the first quarter and its net earnings declined from a year ago.

A CSX Transportation freight train travels through Covington, Ky., Jan. 13, 2020.



Photo:

Luke Sharrett/Bloomberg News

Market Facts
  • The S&P 500 Real Estate Sector on Tuesday closed at a record for the first time since Feb. 14, 2020. The S&P 500 Energy Sector meanwhile closed in correction territory.
  • Dogecoin, the digital currency created as a joke, pared gains after climbing more than 8,000% this year. By Tuesday, it fell to 31 cents, according to CoinDesk, despite some online users’ efforts to push it to $1 to recognize what some have called “Doge Day.”
  • On this day in 1982, futures contracts on the S&P 500 index became available for the first time, as they opened for trading in the pits of the Chicago Mercantile Exchange. 
Chart of the Day

Apple

added a paid subscription to its podcast app, along with other new products including an updated high-end iPad. Heard on the Street’s Dan Gallagher writes that the new iPad and iMac might seem a bit late to the game, but there is good reason to think they will still find their mark.

Must Reads Since You Went to Bed

Corrections & Amplifications: Whirlpool’s quarterly earnings are due out after Wednesday’s close. An earlier version of this article incorrectly said they would be out before the open.

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


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