Chipotle jumps after strong earnings report; cruise lines extend gains.
Stock futures edged higher Wednesday, suggesting major indexes will extend their rebound following a volatile stretch of trading sparked by worries about the spread of coronavirus. Here’s what we’re watching ahead of the opening bell.Read our full markets wrap here.
- Earnings season is in full swing withJohnson & Johnson,JNJ0.94%Harley-Davidson,HOG4.48%Coca-Cola,KO0.18%NasdaqNDAQ2.12%andVerizon CommunicationsVZ-0.47%slated to report ahead of the opening bell.
- Chipotle Mexican GrillCMG1.50%climbed more than 5% premarket after reporting sales that blew past pre-pandemic levels. The food chain invested in delivery and online ordering prior to the virus and generated nearly half of its second-quarter sales from digital transactions.
- United AirlinesUAL6.58%added 1.6% after the company said it expects to return to profit in the third quarter on a pretax basis and that business and international travel is recovering faster than expected.
- NetflixNFLX-0.23%edged down 0.5% premarket after it said it added1.5 million membershipsin the second quarter, reflecting slower growth in new subscribers following a surge last year at the height of the pandemic.
- AMC EntertainmentAMC24.47%rose 3.6% premarket, extending Tuesday’s 24% jump. The popular meme stock has seen a turnaround in recent days after clocking four consecutive weekly losses.
- Robot-assisted surgical equipment makerIntuitive SurgicalISRG2.45%advanced 4.1% after posting a jump in profit in the second quarter from a rise in demand for its products amid an increase in the number of surgeries following delays due to the pandemic.
- U.S.-traded shares ofASML Holding,ASML0.01%a Dutch supplier to the semiconductor industry, rose 2.9% premarket after it reported a rise in second-quarter profit, a new share buyback program and higher full-year sales guidance.
- Cruise lines climbed, extending Tuesday’s gains into a second day.CarnivalCCL7.45%is up 3.3% ahead of the bell andRoyal Caribbean GroupRCL7.74%rose 2.5%.
- Appliance makerWhirlpool,WHR0.37%casino operatorLas Vegas SandsLVS0.93%and credit reporting agencyEquifaxEFX3.16%are scheduled to post earnings after markets close.
- Netflix remains mired in somewhat of a post-pandemic slump. It added 1.5 million net new paying subscribers inthe second quarter, which was a bit better than it had forecast but still its lowest level of growth in nearly a decade.
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