Here’s what we’re looking for before Tuesday’s opening bell.
–US futures have changed little after major indices hit records a day earlier, preparing investors for a slew of blue-chip earnings. Read our full market cover here.
What’s up
– Starbucks,
SBUX -0.44%
Microsoft MSFT 1.58%
and Texas Instruments TXN 0.06%
should deliver results after markets close.
—The Federal Reserve begins its two-day policy meeting. The World Economic Forum’s virtual summit continues from Davos.
Market Movers to watch
– General Electric GE -1.08%
increases by 9.4% in trading before the market. It reported earnings that missed analysts’ estimates, but said it ended the fourth quarter with $ 37 billion in liquidity.
– 3 million MMM 0.80%
increased by 1.5% in the pre-trade. The company reported earnings per share that beat the estimates, saying it expects sales to grow to 8% in 2021.
– Etsy ETSY -2.24%
is 9.1% higher than the opening clock. Tesla CEO Elon Musk tweeted in the early hours of the morning: “I like Etsy” and “A hand-knitted wool Marvin bought the Mars rudder for my dog”. The online marketplace’s shares rose more than 17% this month.
A sign that the online seller Etsy Inc. in Times Square advertising following Etsy’s first public offering on the Nasdaq in New York, April 16, 2015.
Photo:
mike segar / Reuters
—Defense giant Lockheed Martin LMT 1.07%
says its sales and earnings grew in the fourth quarter compared to the same period in 2019, although the latter came in slightly lower than the estimate. Shares are down 0.6% in pre-trading.
– Verizon VZ 1.65%
slipped 1.5% before the opening bell. According to telecommunications, net income fell by almost 10% in the fourth quarter, but also an increase in income for 2021.
—Oil Exploration Company Apache APA -3.97%
is up 2.2%, returning to four consecutive days of losses.
– Johnson & Johnson JNJ 1.49%
hit earnings per share which shrank in the fourth quarter but also said it was making progress with a Covid-19 vaccine. Its shares are up 1.8% ahead of the market.
– American Express AXP -3.96%
shares fell 1.8% in trading of the market. It reported a decline in fourth-quarter revenue and earnings as it recorded a negative provision for credit losses.
– Raytheon Technologies RTX -1.92%
2.8% pre-market added. The aviation and defense manufacturer reported earnings per share, ex-items, which were above estimate. He also said he has a backlog of $ 67.3 billion for his defense division and that he plans to buy back at least $ 1.5 billion in 2021.
– GameStop GME 18.12%
is meeting more than 16% pre-market. The shares of the videogame retailer rose to a record high on Monday and rose by more than 145% at one point before plunging again and swinging again. The battle between day traders and short sellers seems to be continuing.
—Sport betting company DraftKings DKNG -2.36%
increased by 4.1%. An analyst of the Goldman Sachs shares improved their rating on the stock and also raised the price target.
Markfeit
The global cannabis stock index, which holds marijuana shares listed in the US, has risen 35% since the beginning of this year.
Chart of the day
Trade in retail investors remained very hot in 2021, taking the opportunity for large banks to capitalize on a rare growth source.
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