US stock futures rose, suggesting major indices will stabilize after the highest inflation readings in more than 30 years hit the markets on Wednesday. Here’s what we’ll watch before the opening bell.
- Beyond Meat’s fourth quarter revenue forecast fell well short of Wall Street’s expectations. The company cited pandemic uncertainty and its potential impact on demand. The shares lost 16% before the IPO.
- Elon Musk sold around $ 5 billion in Tesla stock this week as he exercised stock options received as part of his compensation package, according to regulatory filings released late Wednesday. The share gained 3.3% before the trading session.
- Rivian Automotive stocks were close to extending their IPO day. The electric vehicle share, which made its stock market debut on Wednesday, rose another 7.7% before the IPO.
- Medical device maker Cooper Cos. will buy Generate Life Sciences from investment firm GI Partners for $ 1.6 billion. The deal dropped Cooper stock 2.2%.
- Walt Disney stock lost 5.7% before the bell. The world’s largest entertainment company saw a slowdown in subscriber signups on its flagship streaming service.
- Nvidia stock rose 3.4% after Bank of America analysts raised their target price on Chip stock.
- Copper prices soared, sending the shares of U.S. miner Freeport-McMoRan up 2.8% before the bell.
- US-listed shares of Wix.com rose 3.9% early on the market after the Israeli software company announced profits.
- Roblox stock gained 2.3% after the video game platform released strong third-quarter results earlier this week. Roblox is making remarkable strides in diversifying its player base, writes Heard on the Street columnist Dan Gallagher.
- Investors were not impressed with Fair Isaac’s fourth quarter results. The analyst company’s shares fell 2.5%.