| What to watch today: Dow to rise, Bernie takes New Hampshire, Powell back on the Hill | | |  | WED, FEB 12, 2020 | | | | AS OF WED, FEB 12, 2020 • 06:30 ET | | Dow Jones Fut | | 29,276.34 | | Current: | 29,358.00 | | Change: | 129.00 | | Impl. Open: | 127.66 | | | S&P 500 Fut | | 3,357.75 | | Current: | 3,370.75 | | Change: | 13.25 | | Impl. Open: | 13.90 | | | NASDAQ 100 Fut | | 9,517.86 | | Current: | 9,578.25 | | Change: | 51.00 | | Impl. Open: | 53.39 | | | Russell 2000 Mini | | 1,677.51 | | Current: | 1,686.50 | | Change: | 8.10 | | Impl. Open: | 9.09 | | | After a decline that took the major averages well off their Tuesday session highs, U.S. stock futures point to a strong Wednesday open as investors become slightly less concerned about the coronavirus. The S&P 500 and Nasdaq did manage to eke out record closes Tuesday despite the fall from their highs, and both are up in six of the past seven sessions. (CNBC) | | | | Earnings reports out before the opening bell include CVS Health (CVS), Molson Coors (TAP), Moody's (MCO), and Teva Pharmaceutical (TEVA). After-the-bell reports will come today from Altice US (ATUS), Applied Materials (AMAT), Cisco Systems (CSCO), Equifax (EFX), International Flavors (IFF), Marathon Oil (MRO), MGM Resorts (MGM), Redfin (RDFN), and TripAdvisor (TRIP). | | | Shares of Bed Bath & Beyond (BBBY) were losing about a quarter of their value in the premarket after the home goods retailer said same-store sales were down a greater-than-expected 5.4% in December and January. The company blamed increased promotional pricing, lower store traffic and issues with inventory management. (Reuters)
Shares of Lyft (LYFT) were down over 4% in the premarket despite a strong fourth-quarter report. The company's earnings beat estimates on revenue and active riders and a lower-than-expected loss per share. However, Lyft did not give an update on its profitability timeline as its competitor Uber (UBER) did during its earnings report last week. (CNBC) | | Nissan filed a civil lawsuit against former Chairman Carlos Ghosn today, seeking an initial amount of $90 million. The claimed damages are linked to Ghosn's "breach of fiduciary duty as a company director and his misappropriation of Nissan's resources and assets," the Japanese automaker said in a statement. (CNBC) | | | | Airbnb reportedly lost money last year as costs outpaced revenue, casting doubt on the company's private valuation and the timing of its planned public debut this year. The home-sharing start-up reportedly lost $322 million over the first nine months of last year. | | | | Google (GOOGL) today will seek to overturn the first of three hefty EU antitrust fines at Europe's second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for abuse of market power. In the U.S., the FTC said it will examine prior acquisitions by Alphabet, Amazon, Apple, Facebook and Microsoft. (Reuters & CNBC) | | NCR (NCR) beat estimates by a penny with adjusted quarterly profit of 85 cents per share, with the payment processing software and services provider's revenue also above Wall Street forecasts. | | | | Western Union (WU) reported adjusted quarterly earnings of 38 cents per share, 5 cents below estimates, with the payment processing company also seeing revenue beat forecasts. Western Union also gave an upbeat outlook for 2020, and announced a 13% increase in its quarterly dividend. | | | | Macerich (MAC) was downgraded to "underweight" from "neutral" at Piper Sandler, which thinks Simon Property's (SPG) acquisition of Taubman Centers (TCO) makes an acquisition of the shopping center operator less likely. | | A standard poodle named Siba was crowned "Best in Show" at the annual Westminster Kennel Club Dog Show in New York, taking home the grand prize in the most prestigious competition for pure-bred canines in the United States. Just shy of four years old, she triumphed over crowd favorites Daniel the golden retriever and Bono the Havanese. (Reuters) | |  | | |
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