Stock futures are ticking higher ahead of a busy week of earnings from big technology companies. Here’s what we’re watching ahead of Monday’s open:
shares dropped 12% premarket after U.S. payments giant
Holdings said it isn’t currently pursuing a deal for the social-media platform, days after media reports that the companies were in early talks for a multibillion-dollar deal. PayPal shares climbed 6.9%.
a cryptocurrency trading platform that went public through a SPAC deal last week, jumped 6% premarket. Rival crypto exchange
was also up, by 2.2%. Bitcoin itself was up more than 3% from its Friday 5 p.m. ET level.
- Cruise operator
slipped 1%. Citi cut its rating of the stock to neutral from buy, though the bank also expects the company to shift from burning cash to generating cash over the next 12 months as fleet deployments ramp up.
- Analysts at Citi also cut the price target on
shares to $32 from $39. The South Korea-based e-commerce company’s stock slipped 0.7%.
- Trading in
the SPAC that is merging with Donald Trump’s media company, calmed down after last week’s wild ride. Class A shares were down 2.1% premarket, after Friday’s 107% jump
are due to report earnings before the opening bell.
shares added 2.4% premarket. Japan’s
showed off for the first time a larger lithium-ion battery that it plans to supply to the U.S. electric-vehicle maker.
and Crane are among the companies reporting after Monday’s close.
Chart of the Day
- Propane prices haven’t been so high heading into winter in a decade, which is bad news for the millions of rural Americans who rely on the fuel to stay warm.
Write to James Willhite at email@example.com
Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Pinterest, Bakkt, Tesla, Facebook: What to Watch When the Stock Market Opens Today Source link Pinterest, Bakkt, Tesla, Facebook: What to Watch When the Stock Market Opens Today