Stitch Fix, Tesla, Coupa Software: What to Watch When the Stock Market Opens Today
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear Tuesday.
-- U.S. stock futures slid as political gridlock on both sides of
the Atlantic weighed on sentiment amid a continued uptick in
coronavirus cases. Futures tied to the S&P 500 fell 0.5%,
suggesting that the broad market gauge may pull back for a second
day. Nasdaq-100 futures edged down 0.3%. Read our full market wrap
What's Coming Up
-- Jack Daniel's maker Brown-Forman is set to report quarterly
earnings at 7:45 a.m. ET. Publishing company John Wiley & Sons
will update investors at around 8 a.m., and tax-preparation firm
H&R Block will release earnings at around 8:15 a.m. Videogame
retailer GameStop and online pet-products company Chewy will report
after the market closes.
Market Movers to Watch
-- Tesla shares fell more than 2% premarket after the company
said it would sell up to $5 billion in shares over an unspecified
timeframe. The company's shares had been trading up more than 3%
before the announcement.
-- Shares of Stitch Fix jumped 33% offhours after the online
clothing company reported quarterly results that beat expectations.
It said active client numbers rose 10% year-on-year.
-- Shares of ON Semiconductor rose 4.1% premarket. KeyBanc today
raised its rating on the stock.
-- Shares in Coupa Software, which creates software focused on
helping businesses manage their spending, climbed 3.6% after the
company reported better-than-expected revenue and raised its
full-year financial targets.
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(END) Dow Jones Newswires
December 08, 2020 07:08 ET (12:08 GMT)
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