U.S. Stocks to Watch: Nvidia, Warner Bros., Gemini Space Station, Tesla, Corteva, and More

Dow Jones
5小时前

Stock futures edged higher Monday as investors were cautious to make any big moves ahead of this week's Federal Reserve interest-rate decision.

These stocks were poised to make moves Monday:

Nvidia fell 2.4% after China's market regulator said a preliminary investigation found that the chip maker had breached antimonopoly laws. While the regulator said it plans to conduct further investigations, the inquiry is a blow to Nvidia as it appears unlikely that China would allow it to sell new hardware in the country while saying it violated antitrust regulations. The leading chip maker is already restricted by the U.S. from selling its most advanced products in China.

Warner Bros. Discovery fell 3.6% in the premarket session after shares of the entertainment company jumped 17% on Friday and 56% for the week -- the stock's best weekly performance on record, according to Dow Jones Market Data -- following a Wall Street Journal report that said Paramount Skydance was preparing a takeover bid that would be backed by the Ellison family.

Gemini Space Station, Inc. was up 3.7% after jumping 14% on its trading debut Friday closing at $32. The stock rose as high as $45.89 during Friday's session. The initial public offering of the company, a crypto brokerage that is run by twins Cameron and Tyler Winklevoss, was priced Thursday evening at $28 a share.

Via Transportation, Inc. , the maker of public transportation software including the Citymapper app, was down 0.2% in premarket trading. The stock opened Friday at $44, below its IPO price of $46, but ended the session up 7.6% at $49.51.

Corteva, Inc. rose 1.7% after the Journal reported the agriculture company was considering a breakup that would separate its seed and pesticide businesses into two companies. Corteva could unveil its plans soon, the report added, citing people familiar with the matter.

Shares of electric-vehicle maker Tesla were up 1%. The stock rose 7.4% on Friday to close at $395.94, the stock's highest close since Jan. 31. Tesla shares rose nearly 13% last week and have closed higher for seven of the eight past trading days. Boosting the stock last week was U.S. inflation data that were in line with economists' estimates and firmed up the belief on Wall Street that the Federal Reserve will start cutting interest rates.

Oracle was gaining 0.6%, coming off a week that saw shares of the database-software company rise almost 26% for their best weekly performance in 26 years following a significant increase in its backlog of contracted work. Shares lost steam at the end of last week, however, declining a total 11% on Thursday and Friday, according to Dow Jones Market Data.

Moderna rose 1.6% after tumbling 7.4% on Friday, while Pfizer was up 0.6% after falling 3.9% in the previous session following reports that said Food and Drug Administration officials plan to make the case at a meeting this week that Covid-19 shots are linked to the deaths of 25 children.

Dave & Buster's Entertainment is scheduled to report second-quarter earnings after the closing bell Monday.

Earnings reports are expected later in the week from FedEx, Lennar, Ferguson Enterprises, General Mills, Bullish, Darden Restaurants, FactSet Research Systems, and Cracker Barrel Old Country Store.

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