Futures are wavering as investors await results from more of the biggest U.S. companies. Here’s what we’re watching ahead of Wednesday’s action:
-
Coca-Cola
KO 2.59%
shares jumped 2.9% premarket after the beverage maker reported third-quarter profit and revenue that rose above expectations and raised its full-year earnings growth view.
-
McDonald’s
MCD 1.78%
shares gained 2.8% after the burger chain reported third-quarter earnings and sales that beat expectations.
-
Robinhood Markets
HOOD -10.29%
shares dropped 8.3% premarket. Fees tied to stock and options trades ticked down slightly at the popular app, while revenue tied to cryptocurrency trading tumbled 78% to $51 million.
Robinhood’s cryptocurrency trading revenue fell sharply in the recent quarter.
Photo:
Amir Hamja for The Wall Street Journal
-
Microsoft
MSFT 2.35%
added 1.9%. The software company continued to benefit from the global shift toward remote work as its cloud business boosted its revenue last quarter.
-
DWAC,
DWAC 4.69%
the blank-check company that is taking former President Donald Trump‘s social-media venture public, gained 6.2% premarket. The stock is trading up sixfold since the deal was announced.
-
Enphase Energy
ENPH 24.22%
jumped 19% premarket. KeyBanc lifted its price target for the stock after the solar technology company reported higher revenue during the recent quarter.
- Google parent
Alphabet
GOOG 0.65%
was little changed premarket, even after the search giant posted its highest quarterly revenue increase in 14 years, as smaller businesses pour money into digital ads.
-
Twitter
TWTR -6.80%
gained 1.6% premarket. The company largely dodged turmoil in the digital advertising market from new
Apple
AAPL -0.39%
app privacy policies and supply-chain disruptions as it reported a 37% jump in third-quarter revenue.
-
Visa
V -5.52%
slipped 2.6%. The credit-card company beat earnings expectations amid higher payments volume, cross-border volume and processed transactions.
-
F5 Networks
FFIV 7.45%
climbed 3.6%. The software company reported after Tuesday’s close that revenue had grown 11% during its fiscal year.
-
Boeing
BA 0.39%
gained 2.4%. The aerospace company reported a quarterly loss as 787 Dreamliner production problems and its latest space-launch setback offset a recovery in demand for new aircraft.
-
Ford
F -1.51%
and
eBay
EBAY -0.87%
are among the companies reporting earnings after Wednesday’s close.
Chart of the Day
- More than a third of the global computing power dedicated to mining bitcoin is now drawn from machines in the U.S., up from less than a fifth last spring.
Write to James Willhite at james.willhite@wsj.com
Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
