Rivian, FedEx, Cerner, Oracle: What to | Stock Market News Today


Stock futures are down at the end of a week that saw major central banks chart divergent courses as they confront inflation. Here’s what we’re watching in Friday’s action:

Cerner’s stock got a premarket boost after it was reported that Oracle was in talks to acquire the company.



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Chart of the Day
  • Investors say Chinese authorities are likely to ease up somewhat on the embattled real-estate sector and to loosen monetary policy, helping support Chinese corporate borrowers more broadly.

Write to James Willhite at [email protected]

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Blackstone, AIG, NortonLifeLock, Morgan Stanley: What to Watch | Sidnaz Blog


Futures are mixed ahead of jobless figures and a second day of testimony from Federal Reserve Chairman

Jerome Powell

on Capitol Hill. S&P 500 contracts are down slightly. Nasdaq-100 futures are up, suggesting tech stocks will outperform.

Here’s what we’re watching ahead of Thursday’s trading action.

Prague-based Avast primarily makes free and premium security software, offering desktop and mobile-device protection.



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david w cerny/Reuters

  • Is the steam coming out of meme stocks?

    AMC Entertainment,


    AMC -15.04%

    one favorite of the Reddit trading crowd, lost 3.7% premarket. If matched once trading begins, the stock would extend a decline of 43% over the past month.

    GameStop


    GME -6.91%

    and

    BlackBerry


    BB -3.79%

    shares have both dropped by almost a quarter in that time.

  • Netflix


    NFLX 1.34%

    shares rose 2.6%. The streaming company, which reached a licensing deal over animated films with Universal this week, has been on a tear of late, gaining 11% for the month through Wednesday.

  • T. Rowe Price


    TROW -0.85%

    shares are up 2.6%. Analysts at Citigroup, Deutsche Bank and Morgan Stanley have raised their target prices for the stock in recent days. T. Rowe said this week it managed $1.62 trillion in assets at the end of June.

  • Supply-chain technology provider

    E2Open Parent


    ETWO -0.73%

    fell 1% after reporting a fall in profit and revenue in its fiscal first quarter from a year before.

Chart of the Day

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AMC, Ocugen, Carnival, Delta: What to Watch When the Stock Market | Sidnaz Blog


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

What’s Coming Up
  • Earnings are due from

    Tesla


    TSLA 1.35%

    and and

    Brown & Brown


    BRO 1.02%

    after the close.

  • The Dallas Fed’s manufacturing survey, due at 10:30 a.m., is expected to rise to 31.7 in April from 28.9 a month earlier.
Market Movers to Watch

A person received a dose of the Johnson & Johnson Covid-19 vaccine during a visit of U.S. Vice President Kamala Harris to a vaccination center in Chinatown in Chicago, April 6, 2021.



Photo:

carlos barria/Reuters

Market Facts
  • Bitcoin prices on Friday ended the week down 18.3%. It was the largest weekly decline since the week ended March 13, 2020, when it fell 40.6%. Monday morning prices were up again, by 11%.
  • The Dow Jones Transportation Average is up for the past 12 consecutive weeks. It is its longest weekly winning streak since the 15 weeks ended Jan. 28, 1899.
  • On this day in 1973, the Chicago Board Options Exchange opened for trading, with call options available on 16 U.S. common stocks. For the first time, stock options were listed on a dedicated exchange and registered for trading in standardized form.
Chart of the Day

The wild market ride has lifted everything from lumber to stocks to bitcoin—and rarely have so many assets been up this much at once. The frenzy has extended far beyond conventional markets tracked by Wall Street firms.

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IBM, United Airlines, Tesla: What to Watch When the Stock Market | Sidnaz Blog


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

  • Stock futures slipped, a day after faltering tech stocks dragged major indexes lower
  • Futures on the S&P 500 and the Dow Jones Industrial Average fell 0.4% apiece. Tech-heavy Nasdaq-100 futures slipped 0.3%.
  • 10-year Treasury yields are higher at 1.625%, from 1.599% on Monday. The dollar slipped again. Crude-oil prices are rising ahead of stockpile data from the American Petroleum Institute. Read our full market wrap here.
What’s Coming Up
Market Movers to Watch

The Johnson & Johnson campus in Irvine, Calif., Aug. 26, 2019.



Photo:

Mario Tama/Getty Images

Market Facts
  • By the end of Friday, S&P 500 companies that had already reported quarterly earnings had beaten profit expectations by a combined 30%, according to FactSet, compared with a five-year average of 7%.
  • Through Thursday, healthcare stocks have returned about 7% so far this year. That lags behind the S&P 500 by about 5 percentage points.
  • On this day in 1720, declaring that he “can calculate the motions of the heavenly bodies, but not the madness of the people,” Isaac Newton sold his 7,000 pounds’ worth of South Sea Co. stock at a 100% profit. But the excitement around England’s first great IPO proved too much even for him, and he soon got back in. Newton ended up losing 20,000 pounds when the bubble burst, and from that moment on, he could “never bear to hear the South Sea referred to for the rest of his life.”
Chart of the Day

European carbon credits are as close as investors can come to a sure thing. Ironically, the chief thing that might trip them up is too much excitement too soon, writes Heard on the Street columnist Rochelle Toplensky.

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Palantir, Herbalife, Berkshire Hathaway: What to Watch When the | Sidnaz Blog


Stock futures and government bonds climbed Monday as investors awaited a slate of Federal Reserve speakers and data on the manufacturing sector.

Futures tied to the S&P 500 rose almost 1% and contracts for the Nasdaq-100 advanced 1.2% after a bruising week for technology stocks. The broad advance came as the yield on 10-year Treasury notes, the benchmark borrowing cost in global debt markets, slipped to 1.445% from 1.459% Friday. Read our full market wrap.

What’s Coming Up

Earnings are due from

MBIA


MBI 3.99%

before markets open.

Zoom Video Communications


ZM 2.43%

and

Switch


SWCH 0.17%

will give updates after the close.

IHS Markit’s U.S. manufacturing index for February, due at 9:45 a.m. ET, is expected to hold steady at 58.5, unchanged from a preliminary reading. The Institute for Supply Management’s manufacturing index for February at 10 a.m. is expected to tick up to 58.9 from 58.7 a month earlier.

U.S. construction spending for January, due at 10 a.m., is expected to increase 0.8% from a month earlier.

Market Movers to Watch

Palantir


PLTR -0.25%

shares jumped 6% ahead of the bell. The move marks a directional shift after the stock suffered its biggest weekly selloff since going public.

Apollo Endosurgery


APEN 1.63%

soared more than 90% premarket. Monday morning it said one of its products had received an FDA designation as a breakthrough medical device, which could help patients gain access more quickly.

Teladoc Health


TDOC 0.70%

shares gained 4.4% premarket. It seems investors think that even a vaccine rollout won’t ding the provider of remote medical care via telephone and internet.

Johnson & Johnson


JNJ -2.64%

shares added 2.5% premarket. The first single-dose Covid-19 vaccine, a shot from Johnson & Johnson, was authorized for use, a big boost for a mass-vaccination campaign rushing to end the deadliest pandemic in more than a century.

Herbalife


HLF 0.45%

shares gained 3.1%. The company plans to overhaul its board as

Carl Icahn

winds down his eight-year involvement with the company and it looks to burnish its standing with other investors.

An Herbalife office in Torrance, Calif. on Aug. 28, 2020.



Photo:

Mario Tama/Getty Images

Berkshire Hathaway


BRK.B -1.30%

class-B shares gained 2.2% premarket. The conglomerate posted an increased fourth-quarter profit Saturday, with

Warren Buffett

using his annual missive to investors to explain a recent surge in stock buybacks.

Market Fact

Crude futures jumped early Monday, with both Brent and WTI up 1.3%, as the hefty U.S. Covid-19 relief plan moved closer to confirmation and after Tehran rejected direct nuclear talks, reducing the prospect of Iranian oil making it to the market.

Chart of the Day

The pandemic savings glut has flooded German banks, encouraging them to charge negative rates on deposits and to offer customers ways to transfer money to other parts of Europe.

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Rocket Lab Nears Deal to Merge With Vector SPAC

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Pinterest, Activision Blizzard, Peloton: What to Watch When the | Sidnaz Blog


Here’s what we’re watching before Friday’s trading gets underway.

U.S. stock futures rose, putting the S&P 500 on track for its best week in three months, on investors’ bets that a fresh coronavirus-relief spending package will bolster the economy.

Futures tied to the S&P 500 gained 0.5%, contracts linked to the technology-heavy Nasdaq-100 edged up 0.3% and Dow futures added 0.4%. Read our full market wrap.

What’s Coming Up

U.S. nonfarm payrolls, due at 8:30 a.m. ET, are expected to increase by 50,000 in January from a month earlier and the unemployment rate is expected to hold steady at 6.7%.

The

Baker Hughes

rig count, a proxy for activity in the oil sector, is out at 1 p.m. U.S. consumer credit data for December is out at 3 p.m.

Market Movers to Watch

—Robinhood lifted its trading restrictions on

GameStop,


GME -42.11%

up 6.5% premarket, and

AMC Entertainment,


AMC -20.96%

up 4.6%. But they’ll have to move a lot further to overcome yesterday’s drops of 42% and 21%, respectively. For our live blog of the action, follow this link.

Pinterest and Snap are jumping in opposite directions after the platforms added millions more new users than expected in their latest quarters, showing strong growth in social-media use during the pandemic.

Pinterest


PINS 0.91%

shares surged 10% ahead of the bell, while

Snap


SNAP -1.60%

shares slumped more than 7%.

Johnson & Johnson


JNJ 0.93%

got a premarket booster shot after it asked regulators to authorize emergency use of its Covid-19 vaccine. Its shares added 1.6%.

Activision Blizzard


ATVI -0.10%

‘s results offered more evidence of people killing time through the pandemic playing videogames. The game maker’s shares shot up more than 8% premarket to $100.35 a share after its holiday sales and revenue outlook topped expectations. KeyBanc raised its price target on the stock to $120 from $102.

—Pandemic favorite

Peloton


PTON 7.04%

‘s stock dropped 7.1% after it reported sales and subscriptions more than doubled in the latest quarter despite long shipping delays that the company has promised to address as would-be customers vent their anger online.

Peloton Interactive stationary bikes for sale at the company’s showroom in Dedham, Mass. on Wednesday.



Photo:

Adam Glanzman/Bloomberg News

T-Mobile US


TMUS 0.95%

shares lost 2.2% premarket after the wireless provider said its nearly year-old merger with Sprint will saddle the combined company with more costs this year as its engineers shift more subscribers onto a single network.

—Shares of cosmetics maker

Estee Lauder


EL 1.78%

rose more than 5% premarket. Its profit and sales rose for the recent quarter, better than the sales decline it had expected, as it booked gains from the Asia-Pacific region and online sales.

Ford


F 1.52%

shares nudged up 2.6% before the open after the Detroit auto maker said its fourth-quarter earnings were dented by lower truck output, and it vowed to nearly double its investment in electric and driverless cars.

—Shares of

Gilead Sciences


GILD 2.03%

added 2.7% premarket after the drug maker said demand for Veklury, its treatment for some Covid-19 patients, helped to drive fourth-quarter sales higher.

Market Fact

Average daily trading volume on

Tradeweb

‘s online bond-trading platform topped $1 trillion in January, the company said Thursday. That marks the busiest month on record, beating March 2020 when plunging stock markets pushed investors into the safety of government debt.

Chart of the Day

Alibaba Group

sold $5 billion of bonds, showing investors remain eager to back the Chinese e-commerce giant despite its recent run-ins with authorities.

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General Electric, 3M, Etsy: What to Watch When the Stock Market | Sidnaz Blog


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

Starbucks,


SBUX -0.44%

Microsoft


MSFT 1.58%

and

Texas Instruments


TXN 0.06%

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

General Electric


GE -1.08%

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. 

3M


MMM 0.80%

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%.

Etsy


ETSY -2.24%

is up 5.8% ahead of the opening bell. Tesla CEO

Elon Musk

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.  

A sign advertising the online seller Etsy Inc. in Times Square following Etsy’s initial public offering on the Nasdaq in New York, April 16, 2015.



Photo:

mike segar/Reuters

—Oil exploration company

Apache


APA -3.97%

is up 5.2%, reversing direction after four straight days of losses.

Johnson & Johnson


JNJ 1.49%

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. 

American Express


AXP -3.96%

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.

Raytheon Technologies


RTX -1.92%

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.  

GameStop


GME 18.12%

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. 

Market Fact

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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Rent Collection Is Down, and Apartment Owners Feel the Squeeze

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