That’s what we’re seeing before Tuesday’s opening bell.
–Future U.S. stock markets changed little after major indices hit records a day earlier and investors prepared to make a lot of profits. Read our full market summary here.
What’s going on?
– Starbucks,
SBUX -0.44%
Microsoft MSFT 1.58%
and Texas Instruments TXN 0.06%
they will have to yield results after the markets close.
—The Federal Reserve begins its two-day political meeting. The virtual summit of the World Economic Forum continues from Davos.
Market Movers to Watch
– General Electric GE -1.08%
increases by 9.4% in premarket trade. He reported earnings that didn’t take analysts ’estimates into account, but said it ended the fourth quarter with $ 37 billion in liquidity.
– 3M MMM 0.80%
increased by 1.5% in premarket trade. He reported earnings per share exceeding estimates and said he expects sales in 2021 to grow by up to 8%.
– Etsy ETSY -2.24%
exceeds 9.1% ahead of the opening bell. Tesla CEO Elon Musk tweeted “I love a little Etsy” and “I bought a Marvin the Martian wool hand rudder for my dog” in the early hours of the morning. Online market shares have risen more than 17% this month.
A poster announcing online seller Etsy Inc. in Times Square after Etsy’s initial public offering on New York’s Nasdaq on April 16, 2015.
Photo:
mike fresh / Reuters
—Giant defender Lockheed Martin LMT 1.07%
he said its sales and profits grew in the fourth quarter, compared to the same period in 2019, although the latter fell slightly below estimates. Shares have fallen 0.6% in premarket trading.
– Verizon VZ 1.65%
it slid 1.5% in front of the opening bell. Telecommunications said its net profit fell about 10% in the fourth quarter, but also projected revenue growth for 2021.
—The oil exploration company Apache APA -3.97%
increases by 2.2%, reversing direction after four consecutive days of losses.
– Johnson & Johnson JNJ 1.49%
reported that earnings per share fell during the fourth quarter, but also said progress is being made on the Covid-19 vaccine. Its shares rose 1.8% before the market.
– American Express AXP -3.96%
shares fell 1.8% in premarket trading. It reported a decline in fourth-quarter earnings and earnings as it recorded a negative provision for credit losses.
– Raytheon Technologies RTX -1.92%
added 2.8% premarket. The aerospace and defense maker reported earnings per share, ex-items, that were higher than forecast. He also said he has a cumulative portfolio of $ 67.3 billion for his defense division and plans to recover at least $ 1.5 billion by 2021.
– GameStop GME 18.12%
accumulates more than 16% premarket. Shares of the video game retailer rose to a record on Monday, rising more than 145% at one point, before falling and seeing the backup again. The battle between day traders and short sellers seems to continue.
—Sports betting company DraftKings DKNG -2.36%
rose 4.1%. A Goldman Sachs equity research analyst improved its rating of shares to buy and also raised its price target.
Market fact
The global cannabis index, which tracks U.S.-listed marijuana stocks, has risen 35 percent since the beginning of this year.
Table of the day
The business activity of small investors has remained very hot in 2021, highlighting the opportunity for large banks to take advantage of a rare source of growth.
I have to read since you went to bed
The barbarians of the day trade at the door will not shake Wall Street
UBS plans to repurchase $ 4.5 billion in shares as an increase in profits
Traders and producers earn cheaper rates from banks to reduce carbon production
Citadel, Point72 will invest $ 2.75 million in Melvin Capital Management
The collection of rents has shrunk and apartment owners feel cramped
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