| What to watch today: Dow, S&P 500 look to extend their rallies to four straight days | | |  | THU, FEB 04, 2021 | | | | AS OF THU, FEB 04, 2021 • 08:38 ET | | Dow Jones Fut | | 30,723.60 | | Current: | 30,664.00 | | Change: | 37.00 | | Impl. Open: | 47.40 | | | S&P 500 Fut | | 3,830.17 | | Current: | 3,831.00 | | Change: | 7.50 | | Impl. Open: | 7.83 | | | NASDAQ 100 Fut | | 13,402.37 | | Current: | 13,449.50 | | Change: | 55.25 | | Impl. Open: | 59.13 | | | Russell 2000 Mini | | 2,159.70 | | Current: | 2,159.10 | | Change: | 4.30 | | Impl. Open: | 5.60 | | GameStop (GME) was once again volatile, finishing up nearly 2.7% at $92.41 per share Wednesday but still down 71% from Friday's close of $325. In last week's 400% surge, shares reached an all-time intraday high of $483 each. GameStop rose modestly in Thursday's premarket. (CNBC)
* Wall Street worries about regulatory fallout from the GameStop saga (CNBC)
Cryptocurrency Dogecoin surged Thursday after Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter "for a while." The Tesla chief's tweets about certain companies and cryptocurrencies have sent their prices soaring in recent weeks. (Reuters) | | | | Sen. Amy Klobuchar, D-Minn., unveiled a sweeping antitrust reform bill, setting a tough tone in her new role as chair of the Senate Judiciary subcommittee on antitrust. If enacted, it would bring significantly more risk to companies like Facebook and Alphabet-owned Google, which are already facing federal lawsuits, and to any dominant firm seeking to acquire another company. (CNBC) | | | | American Airlines (AAL) said it will send furlough notices this week to about 13,000 employees as a second round of federal payroll aid is set to expire next month and travel demand remains in tatters due to the pandemic. (CNBC) | | | | British scientists are starting a study Thursday to find out if it's OK to mix and match COVID-19 vaccines. The vaccines being rolled out now require two doses, and people are supposed to get two shots of the same kind, weeks apart. (AP) | | | | Consumer genetics company 23andMe is going public via a merger with Richard Branson's special purpose acquisition corporation VG Acquisition Corporation. (VGAC), in a deal with an enterprise value of about $3.5 billion. (MarketWatch) | | | | Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a person familiar with the matter. (Reuters) | | Canada Goose (GOOS): canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online buying. | | | | EBay (EBAY): EBay shares jumped 10% in premarket trading, following an earnings beat and strong guidance. The online marketplace operator beat estimates by 3 cents a share, with quarterly earnings of 86 cents per share. Revenue came in above estimates as well and EBay increased its quarterly dividend by 13% and added $4 billion to its stock buyback program. | | | | PayPal (PYPL): PayPal reported quarterly earnings of $1.08 per share, 8 cents a share above consensus. The digital payment service's revenue also topped Wall Street forecasts. The pandemic-induced growth in online shopping helped drive record payment volume for both the quarter and the full year. | | | | Becton Dickinson (BDX): The medical products maker earned $4.55 per share for its latest quarter, well above the consensus estimate of $3.11 a share. Revenue beat estimates as well, boosted by strong demand for its Covid-19 tests. The company also raised its full-year forecast. | | | | Clorox (CLX): The household products maker reported quarterly earnings of $2.03 per share, 25 cents a share above estimates. Revenue also came in above analysts' forecasts and Clorox raised its full-year revenue forecast on continued elevated sales of cleaning and disinfectant products. | | | | Costco (COST): The warehouse retailer reported a 15.9% jump in January comparable sales, beating the consensus StreetAccount estimate of 11.7%. E-commerce sales more than doubled from a year earlier. | | | | UnitedHealth (UNH) : David Wichmann has stepped down as the health insurer's CEO, to be replaced by Sir Andrew Witty. Witty has been CEO of the company's Optum unit. | | | | Qualcomm (QCOM): Qualcomm came in 7 cents ahead of estimates, with quarterly earnings of $2.17 per share. The chip maker's revenue beat estimates as well, however its shares fell more than 6% in the premarket after Qualcomm said that chip supply constraints will hold back sales growth during the first half of 2021. | | | | GrubHub (GRUB): GrubHub lost 41 cents per share for its latest quarter, wider than the 5 cents a share profit that analysts had predicted for the food delivery company. Revenue missed estimates as well, hurt by increased costs for marketing as well as promotional support for restaurants. | | | | Align Technology (ALGN): Align Technology earned $2.61 per share for the fourth quarter, beating the $2.14 a share consensus estimate. Revenue beat forecasts as well. The maker of the Invisalign dental brace system saw fourth-quarter sales jump 28% from a year earlier. | | | | Alibaba (BABA): The China-based e-commerce company set initial prices for a planned $5 billion U.S. debt offering. According to a term sheet seen by Reuters, 10-year debt will be priced at 130 basis points over the 10-year Treasury note, and 20-year debt will be priced at 140 basis points over the 20-year Treasury bond. | | | | e.l.f. Beauty (ELF): e.l.f. Beauty missed estimates by 2 cents a share, with quarterly earnings of 22 cents per share. The discount cosmetics seller's revenue beat forecasts. The bottom line took a hit from increased selling and administrative expenses. | | |
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