Here’s what we’re looking forward to Tuesday’s opening bell.
–There has been little change in U.S. stock futures after big indexes hit records the day before and investors prepared for a loss of blue-chip earnings. Read the full market pack here.
What’s coming up
– Starbucks,
SBUX -0.44%
Microsoft MSFT 1.58%
and Texas Instruments TXN 0.06%
expects to deliver results after markets close.
– The Federal Reserve will begin its two-day policy meeting. The International Monetary Fund will release a global economic outlook at 8 a.m. ET. A meaningful conference of the World Economic Forum follows from Davos.
Market trends to watch
– General Electric GE -1.08%
up 6% in pre-sale trading. He described earnings as missing analysts ’estimates, but said it ended in the fourth quarter with $ 37 billion of liquidity.
– 3M MMM 0.80%
rose 1.3% in pre-sale trading. He cited earnings per share that beat estimates and said he expects sales to grow in 2021 by up to 8%.
– Etsy ETSY -2.24%
it is up 5.8% ahead of the opening bell. Tesla CEO Elon Musk tweeted “I kinda like Etsy” and “I bought Marvin hand-knitted wool in the Martian direction for my dog” in the wee hours of the morning. Online market shares have accumulated more than 17% this month.
Etsy Inc. online retailer advertising sign in Times Square after Etsy’s first public offering on the Nasdaq in New York, April 16, 2015.
Photo:
mike segar / Reuters
– Advanced Apache APA research company -3.97%
it is up 5.2%, returning direction after just four days of loss.
– Johnson & Johnson JNJ 1.49%
they reported earnings per share passed in the fourth quarter, but also said it is making progress on the Covid-19 vaccine. Its shares are up nearly 1% pre-sale.
– American Express AXP -3.96%
shares fell 2% in pre-sale trading. It reported a decline in revenue and employment in the fourth quarter as it recorded a negative provision for credit losses.
– Raytheon Technologies RTX -1.92%
2.6% premarket added. The aerospace and defense manufacturer reported earnings per share, antiques, which were above estimates. They also said they have a $ 67.3 billion reserve for its defense division and plan to buy back at least $ 1.5 billion of shares in 2021.
– GameStop GME 18.12%
raises nearly 16% pre-sale. Shares of the videogame retailer entered a record Monday, rising more than 145% at one point, before being plundered and reversed. The battle between day traders and short sellers seems to be continuing.
Market information
The World Cannabis Inventory Index, which tracks U.S.-registered marijuana stocks, has climbed 35% since the beginning of this year.
Chart of the day
Small investor trading activity has remained very hot in 2021, highlighting the opportunity for large banks to gain access to a rare source of growth.
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