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.



Photo:

Kris Tripplaar/Sipa USA/Associated Press

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  • 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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Clean Energy Fuels, Freeport-McMoRan, Alexandria Real Estate: | Sidnaz Blog


Stock futures edged up on Tuesday ahead of data on retail sales and producer prices. Here’s what we’re watching ahead of Tuesday’s opening bell.

  • Futures tied to the S&P 500 were up 0.1%, suggesting that the broad benchmark index could beat Monday’s all-time high. Nasdaq-100 futures edged up 0.2%, pointing to gains in technology stocks after the opening bell.
What’s Coming Up
  • U.S. producer prices for May are due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal expect the producer-price index rose 0.5% in May from the prior month.
  • Retail sales data for May are also due at 8:30. Economists estimate that the Commerce Department report will show retail sales declined 0.7% in the month.
  • Earnings are due from

    Oracle


    ORCL -0.34%

    and

    La-Z-Boy


    LZB -1.46%

    after the close.

Market Movers to Watch

A sign for Alexandria Real Estate Equities Inc. was displayed in front of the New York Stock Exchange on May 22, 2017.



Photo:

Michael Nagle/Bloomberg News

Market Facts
  • Nonfinancial companies issued $1.7 trillion of bonds in the U.S. last year, nearly $600 billion more than the previous high, according to Dealogic. By the end of March, their total debt stood at $11.2 trillion, according to the Federal Reserve, about half the size of the U.S. economy.
  • Bitcoin reached its highest level in more than two weeks Monday, trading as high as $41,046.77, buoyed by MicroStrategy completing its $500 million offering of junk bonds to buy bitcoin and by fresh comments from Tesla Chief Executive Elon Musk. By Tuesday morning it had edged down to about $40,320.
  • On this day in 1215, King John of England signed the Magna Carta, enumerating the principles of limited government, free trade, private property and the liquidation of assets to pay debts.
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GameStop, AMC, Bumble: What to Watch When the Stock Market Opens | Sidnaz Blog


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

Stock futures advanced, indicating that shares of giant technology companies would push higher at the opening bell as investors awaited a fresh reading on the labor market.

Futures linked to the S&P 500 rose 0.7%. Contracts tied to the Nasdaq-100 rose 1.9%, suggesting technology stocks will rebound following muted declines for the sector on Wednesday. Futures for Dow Jones Industrial Average ticked up 0.4%, a day after the blue-chips index closed at a record high. Read our full market wrap.

What’s Coming Up

Earnings are due from

Ulta Beauty,


ULTA 1.21%

DocuSign


DOCU -0.26%

and

Vail Resorts


MTN 0.23%

after the close.

Data on the number of people filing for unemployment benefits, a proxy for joblessness, are due out at 8.30 a.m. Economists surveyed by The Wall Street Journal expect that 725,000 workers filed for initial benefits last week.

Market Movers to Watch

GameStop


GME 7.33%

shares are down 5% in premarket trading. The “meme stock” beloved by individual investors saw a wild day of trading Wednesday, surging to nearly $350 intraday only to give up most of that.

—Software giant

Oracle


ORCL -0.72%

reported revenue that topped $10 billion in the most recent quarter, putting it on track for a record revenue year, and the board raised the authorization for share repurchases by $20 billion. Shares fell 5% premarket.

AMC Entertainment Holdings


AMC -6.19%

shares are up 5.4% after it said it has reopened many of its theaters in recent weeks after a winter surge of coronavirus cases prompted the company to re-close several cinemas at the end of 2020. The world’s largest movie theater chain said roughly 527 out of its 589 domestic theaters were open as of Friday.

Bumble


BMBL -0.62%

reported that sales climbed in the latest quarter, driven by an increase in paying users for its dating apps as people spend more time online due to the pandemic. Shares climbed more than 9% in premarket trading.

Monitors displayed Bumble Inc. signage during the company’s initial public offering in front of the Nasdaq MarketSite in New York, Feb. 11, 2021.



Photo:

Michael Nagle/Bloomberg News

—Shares of

Super League Gaming


SLGG 9.25%

soared 15% in premarket trading Thursday, after the videogame and e-sports company said it will buy live-streaming technology platform Mobcrush for an undisclosed amount.

Vir Biotechnology


VIR 4.35%

shares jumped 60% premarket after the company said a monoclonal-anitbody drug it has developed to treat Covid-19 showed strong efficacy in a trial.

Market Fact

Money heading into sustainable and ESG funds has soared in recent years, though the funds remain rare in employee-sponsored retirement plans. Only 2.6% of U.S. corporate plans offered ESG funds as investment options in employee-benefit plans in 2019, according to survey data by the Plan Sponsor Council of America.

Chart of the Day

It isn’t easy to find housing markets where prices have fallen since the pandemic. In fact, many are experiencing some of the fastest house-price growth in a decade or more

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Crude-Oil Price Overhaul Hits Delay Amid Shipping-Cost Uproar

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Roblox, GameStop, GE, H&R Block: What to Watch When the Stock | Sidnaz Blog


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

U.S. stock futures were jittery following a surge in technology shares that gave the Nasdaq its best day in months.

Futures tied the S&P 500 ticked up 0.1%, Dow Jones Industrial Average futures rose 0.3% and Nasdaq-100 futures were flat. Yields on 10-year Treasurys inched up to 1.564%, from 1.545% on Tuesday. Read our full market wrap.

What’s Coming Up

Videogame provider Roblox’s stock will begin trading Wednesday under the symbol RBLX.

Earnings are due before the open from

Campbell Soup.


CPB -0.68%

Oracle,


ORCL 0.67%

Bumble


BMBL 4.63%

and

Cloudera


CLDR 3.80%

will report after the close.

U.S. consumer prices for February, due at 8:30 a.m. ET, are expected to rise 0.4% from a month earlier and 1.7% from a year earlier. Excluding food and energy, prices are expected to rise 0.1% and 1.3%.

Market Movers to Watch

GameStop


GME 26.94%

hasn’t stopped. Its stock is up 14% ahead of the bell after Tuesday’s 27% advance.

General Electric


GE -1.20%

shares are up 3.3% premarket. The company agreed to merge its jet-leasing business with

AerCap


AER -2.66%

in a $30 billion deal.

H&R Block


HRB -1.79%

shares ticked 1.7% higher premarket. The tax-preparation company said losses widened in the fiscal third quarter due to a decrease in revenue driven by delays at the start of the tax season.

An H&R Block office in Madison Heights, Mich., Jan. 15., 2021



Photo:

Susan Tompor, Detroit Free Press/Zuma Press

Avid Technology


AVID 7.64%

slipped 2.1% premarket. The technology-services provider to the media and entertainment industries reported lower fourth-quarter results amid project delays and cancellations due to the pandemic.

Market Fact

Hedge funds and other institutional investors are paying an annual rate of as much as 4% to borrow the most recent issue of the 10-year U.S. Treasury note in the market for repurchase agreements, or repos. 

Chart of the Day

A recent fall in Tesla’s stock at the same time as

Exxon

has risen marks a stunning reversal that reveals two bigger trends: the stimulus-driven economy and its effect on bond yields.

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