Markets

Roblox, Nvidia, Airbnb, ViacomCBS: What to Watch When the Inventory Market Opens In the present day

Inventory futures are wavering as traders monitor tensions between Russia and Ukraine and await minutes from the Federal Reserve’s January assembly. Right here’s what we’re watching in Wednesday’s buying and selling:

  • Roblox shares plunged 17% forward of the bell after the social-gaming platform’s earnings report got here in beneath expectations.
  • Airbnb shares rose 3.2% premarket. The corporate posted file income final yr, turning into one of many greatest beneficiaries of a battered journey business as customers sought suburban leases, and projected continued development because it emerges from the pandemic.
  • ViacomCBS fell 14%. The corporate stated it’s renaming itself Paramount International and can check with itself as Paramount, underscoring its emphasis on its Paramount+ streaming service and evoking the heritage of its roughly century-old movie studio.
  • Upstart Holdings soared 21% premarket. The fintech quarterly outcomes and forecast beat expectations, and it set a brand new share-repurchase program.
  • Generac Holdings shares jumped 7.7% premarket after the producer stated that web gross sales elevated 40% within the current quarter to a file $1.07 billion.
  • Altria added 0.3%. The most important U.S. cigarette firm can maintain its funding in Juul, a choose dominated. The FTC had sued to unwind the e-cigarette deal, saying it violated antitrust legal guidelines.
  • Hilton Worldwide slipped 1.9% after the lodge chain posted a quarterly revenue of $148 million, in contrast with a lack of $225 million a yr earlier.
  • Kraft Heinz added 1.8% after the meals firm reported fourth-quarter revenue and gross sales that beat expectations.
  • Shopify slipped 10% premarket after its earnings beat forecasts but it surely stated it expects income development will gradual in 2022 from the yr prior.
  • SeaWorld Leisure signaled it was unlikely to pursue a deal for Cedar Truthful after the latter rejected its strategy, stymieing a takeover that may have mixed two theme-park companies that have been hit by the Covid-19 pandemic. SeaWorld shares fell 1% premarket; Cedar Truthful dropped 9.1%.
  • Joby Aviation gained 3.3% premarket, after having closed up 27% within the prior session. The developer of an all-electric, five-seat plane on Tuesday stated it fashioned a partnership with ANA Holdings to convey aerial ride-sharing companies to Japan. Toyota additionally joined the partnership, with the intention of exploring alternatives reminiscent of ground-based transportation.
  • Wynn Resorts slipped 1.8% premarket after the on line casino operator reported a larger-than-expected loss for the current quarter.
  • Cisco Programs ,   Nvidia ,   Fisker ,   Hyatt Accommodations ,   Host Accommodations & Resorts ,   America’s Automotive-Mart ,   Star Bulk Carriers  and  Marathon Oil  are because of put up outcomes after the shut.
Chart of the Day
  • The Tokyo Inventory Alternate not too long ago unveiled its greatest overhaul in 60 years that features harder requirements for its high tier, however some overseas traders say the true downside is the whole edifice of company administration within the nation.

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

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