Zynga, Lululemon, Virgin Orbit, Tilray: what to look for when the stock market opens today

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WSJ.com: Markets

Updated January 10, 2022 9:34 am ET

Wall Street stock indices opened lower before inflation data and the first wave of major earnings news were released later this week. We observe the following in trading on Monday:

  • It’s a Happy Day in FarmVille: Take-Two Interactive TTWO -13.13%

    takes over Zynga ZNGA 40.67%

    in a stock-and-cash business. Zynga shares skyrocketed; Take-Two slipped.

  • GameStop GME -6.73%

    The stocks were bearish in morning trading, reversing their course from Friday’s gains that came after a report that a new division would be launched focusing on non-fungible tokens and cryptocurrency.

  • Lululemon LULU -1.91%

    Athletica said fourth quarter sales and earnings will be at the lower end of their forecast ranges as the workforce challenges of the Omicron variant are presented.

  • Virgin Orbit VORB -0.12%

    Stocks gained in early trading, building on Friday’s 26% gain as the company debuted on Nasdaq.

Richard Branson’s Virgin Orbit with a rocket under the wing of a modified Boeing 747 jetliner prior to its launch during a major drop test of its satellite high altitude launch system on July 10, 2019.


Photo:

Mike Blake / Reuters

  • Cannabis goods maker Tilray‘S

    TLRY 13.55%

    Revenue increased in the second fiscal quarter as the loss decreased and almost a profit was made.

  • Intel INTC 3.31%

    removed references to China’s Xinjiang region from an open letter it sent to suppliers last month after the contents of the note sparked an uproar on social media in China and resulted in the Chinese public apologizing to the Chinese public.

  • JPMorgan Chase,

    JPM 0.10%

    City group C 0.38%

    and Wells Fargo WFC 1.06%

    will start winning season when they announce the results at the end of the week.

  • R1 RCM RCM -1.50%

    said Monday that it is buying Cloudmed, a healthcare provider software company, from New Mountain Capital in an all-stock transaction.

  • Bring ACCD -8.51%

    and Limoneira LMNR 1.72%

    will report results upon completion.

Chart of the day
  • Government pension funds are pumping record amounts of money into private equity, defying risk and cost concerns as they seek to fill pension gaps.

Write to James Willhite at james.willhite@wsj.com

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