Here’s what we’re looking at before Tuesday’s bell.
–US futures have changed little after major indices hit records a day earlier and investors prepared for a series of blue-chip gains. Read our full market package here.
What’s next
– Starbucks,
SBUX -0.44%
Microsoft MSFT 1.58%
and Texas Instruments TXN 0.06%
will yield results after the markets close.
“The Federal Reserve is starting its two-day political meeting.” The virtual summit of the World Economic Forum continues in Davos.
Market Movers to watch
– General Electric GE -1.08%
increases by 9.4% in premarket trading. He reported earnings that did not meet analysts’ estimates, but said it ended the fourth quarter with $ 37 billion in cash.
– 3M MMM 0.80%
increased by 1.5% in premarket trading. He reported earnings per share in excess of estimates and said sales in 2021 are expected to grow by up to 8%.
– Etsy ETSY -2.24%
is 9.1% before the opening bell. Tesla CEO Elon Musk wrote on Twitter “I like Etsy a little” and “I bought a hand-knitted Marvin wool rudder for my dog” in the early hours of the morning. Online market shares rallied by more than 17% this month.
A sign announcing the online seller Etsy Inc. in Times Square after Etsy’s initial public offering on the Nasdaq in New York, April 16, 2015.
Photo:
mike fresh / Reuters
“Defense giant Lockheed Martin LMT.” 1.07%
said its sales and earnings increased in the fourth quarter compared to the same period in 2019, although the latter fell slightly below estimates. Shares fell 0.6% in premarket trading.
– Verizon VZ 1.65%
slipped 1.5% in front of the opening bell. Telecommunications said its net income fell by almost 10% in the fourth quarter, but also forecast revenue growth for 2021.
—Apache oil exploration company APA -3.97%
increases by 2.2%, reversing direction after four consecutive days of losses.
– Johnson & Johnson JNJ 1.49%
reported earnings per share that declined in the fourth quarter, but also said it is making progress on a Covid-19 vaccine. Its shares increase by 1.8% premarket.
– American Express AXP -3.96%
shares fell 1.8% in premarket trading. It reported a decline in revenue and earnings in the fourth quarter as it recorded a negative provision for credit losses.
– Raytheon Technologies RTX -1.92%
added 2.8% premarket. The aerospace and defense manufacturer reported earnings per share, ex-articles, which was above estimates. He also said he has $ 67.3 billion in arrears for his defense division and plans to buy back at least 1.5 billion shares in 2021.
– GameStop GME 18.12%
gathers over 16% premarket. The shares of the video game retailer rose to a record high on Monday, rising by more than 145% at one point before dropping and making a reservation again. The fight between day traders and short sellers seems to continue.
—DraftKings DKNG sports betting company -2.36%
increased by 4.1%. A Goldman Sachs equity analyst improved its stock rating to buy and also raised its price target.
Market fact
The global cannabis stock index, which tracks US-listed marijuana stocks, has risen 35% since the beginning of this year.
Diagram of the day
The trading activity of small investors remained very hot in 2021, highlighting the opportunity for large banks to use a rare source of growth.
You have to read since you went to bed
Barbarians trading the day at the Gate will not bag Wall Street
UBS is planning a $ 4.5 billion share reward as a profit increase
Traders, manufacturers earn cheaper rates from banks to reduce carbon production
Citadel, Point72 will invest $ 2.75 billion in Melvin Capital Management
The collection of rents has fallen, and apartment owners are feeling tight
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