Futures are up, signalling Wall Street indexes will build on the gains that came after the latest policy update from the Federal Reserve—even as jitters around struggling China Evergrande Group linger. Here’s what we’re watching ahead of Thursday’s open.
- Occasional meme stock BlackBerry jumped 7.5% premarket. The networking company reported better-than-expected second-quarter results after Wednesday’s close. Another perennial favorite of retail traders, AMC Entertainment , was up 2.8%.
- Electric-vehicle maker Lucid Group gained 1.6% premarket. The company, which went public in July, has picked up a few nods from Wall Street analysts in recent days.
- Trimble shares slipped 1.9% premarket. The technology company’s stock received a ratings cut from Morgan Stanley, which set its price target at $74 a share. The stock closed Wednesday at $90.54.
- Blank-check company Amplitude Healthcare Acquisition , with a market cap of around $133 million, soared 53% premarket. Late Wednesday it said shareholders had approved its merger with biotech Jasper Therapeutics.
- Rite Aid fell 2.8% after the pharmacy chain updated its full-year guidance by dimming its adjusted earnings outlook for a steeper loss.
- Olive Garden parent Darden Restaurants delivered an earnings beat, sending its shares up 4.2% premarket. The company authorized the repurchase of an additional $750 million in outstanding common stock, bringing the total remaining repurchase authorization to about $1 billion.
- H.B. Fuller shares added 2.7% premarket. The chemicals company reported better-than-expected revenue growth in the latest period.
- Steelcase slipped 5.2% premarket after the furniture company reported a revenue decline in the recent quarter from a year prior.
- KB Home inched up 1% premarket. The homebuilder reported higher profit in the fiscal third quarter as revenue climbed 47% on the back of continued high demand.
- Nike , Costco and Vail Resorts will report earnings after Thursday’s close.
Chart of the Day
- Wagers on environmentally driven supply shortages are pushing up everything from natural gas to aluminum, increasing costs for consumers and businesses.
Write to James Willhite at firstname.lastname@example.org
BlackBerry, Lucid, Nike: What to Watch When the Stock Market Opens Today Source link BlackBerry, Lucid, Nike: What to Watch When the Stock Market Opens Today