Last Updated, Feb 17, 2022, 12:24 PM
Palantir, DoorDash, Nvidia, Hasbro: What to Watch in the Stock Market Today
Stock futures declined after Western officials said they weren’t seeing a de-escalation on the Ukrainian border, despite Moscow’s claims of troop withdrawals. Here’s what we’re watching in markets on Thursday.
- DoorDash soared 24% in premarket trading after the food delivery company reported a 69% jump in revenue last year, despite restaurants reopening to the public.
- Palantir Technologies shares dropped 7.2% premarket after the data and software company posted mixed fourth-quarter results.
- Nvidia slipped 2.8%. The graphics-chip maker posted record quarterly sales across its business and projected a further increase in the current period, but also reported a sharp decrease in revenue from its automotive segment due to supply-chain issues.
- Cisco Systems rose 3.5% premarket after the networking-equipment giant said it continues to see strong demand across its product line after it reported higher sales and profit in its fiscal second quarter.
- 10x Genomics plunged 24%. The biotech company reported a narrower loss but its earnings missed estimates.
- Hasbro climbed 4%. Activist investor Alta Fox Capital Management is seeking to add directors to the toymaker’s board and is pushing for a spinoff of its fast-growing unit housing games including Dungeons & Dragons.
- Visa added 1.2% premarket. It said that it has resolved the monthslong dispute with Amazon.com that risked customers not being able to use Visa credit cards at the online retailer.
- Fisker ticked up 2.6%. The electric-vehicle company said its Ocean EV was on track for a November debut and reservations for the compact SUV have jumped.
- Star Bulk Carriers rose 5.7% after the dry bulk shipping company reported a higher profit in the recent quarter and lifted its dividend.
- Walmart shares added 3.3% ahead of the bell after the retailer reported results and raised its dividend.
- Roku , Dropbox and Shake Shack are among the companies reporting earnings Thursday.
Chart of the Day
- Bakkt, a cryptocurrency venture launched with fanfare by the parent company of the New York Stock Exchange, is fighting to get back on track after a stock-market beatdown.
Write to Anna Hirtenstein at anna.hirtenstein@wsj.com
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