Coca-Cola, Johnson & Johnson, Chipotle: what to watch for when the stock market opens today

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Futures contracts for the S&P 500 and the Dow suggest the indices could extend their rebounds after a volatile period of trading sparked by concerns about the spread of the coronavirus. Here’s what we watch before the opening bell. Read our full markets here.

  • Coca Cola KO 1.68%

    rose 2.5% in pre-market trading after updating its full-year guidance and reporting higher earnings per share in the second quarter.

  • Johnson & Johnson JNJ -0.01%

    edged up 0.6% after beating analysts’ estimates on quarterly sales and profits on higher sales of medical devices, drugs and consumer health products.

  • Mexican Grill Chipotle CMG 9.52%

    climbed 4.7% after reporting sales that exceeded pre-pandemic levels. The food chain invested in online delivery and ordering ahead of the virus and generated nearly half of its sales in the second quarter through digital transactions.

Chipotle sales have surpassed pre-pandemic levels.


Photo:

David Paul Morris / Bloomberg News

  • Bitcoin is up 5.6% from its 5 p.m. ET Tuesday level, trading around $ 31,500. It fell below $ 30,000 on Tuesday for the first time in about a month.
  • Harley-Davidson HOG -5.21%

    climbed 1% after reporting an increase in revenue due to higher sales of motorcycles in North America.

  • Baker Hughes BKR Oil Services Company -1.30%

    rose 4% after beating analysts’ earnings estimates and posting a smaller net loss than at the same time last year.

  • United Airlines UAL 5.20%

    added 1.9% after the company said it expected to return to profit in the third quarter on a pre-tax basis and that business and international travel recovered faster than expected.

  • Netflix NFLX -4.06%

    edged down 1% pre-market after saying it added 1.5 million subscriptions in the second quarter, reflecting slower growth in new subscribers after a sharp increase last year at the height of the pandemic.

  • Sports betting company DraftKings DKNG 3.64%

    increased by 3%. He said he plans to start an exchange for sports-related NFTs or non-fungible tokens.

  • ASML Holding shares traded in the United States,

    ASML 3.15%

    a Dutch supplier to the semiconductor industry, rose 3.1% pre-market after announcing higher second-quarter profits, a new share buyback program and higher sales forecasts for the year.

  • Robot-assisted surgical equipment maker Intuitive Surgical grew 3% after posting a jump in second-quarter profits following increased demand for its products amid rising surgeries as a result delays due to the pandemic.
  • Cruise lines rallied, extending Tuesday’s gains into a second day. CCL Carnival 8.49%

    is up 3.5% ahead of the bell and Royal Caribbean Group RCL 4.35%

    increased by 1.9%.

  • Whirlpool appliance manufacturer,

    RTH 2.80%

    casino operator Las Vegas Sands LVS 2.73%

    and credit reporting agency Equifax EFX 0.04%

    are expected to post profits after the markets close.

Card of the day
  • Netflix remains mired in some sort of post-pandemic slump. It added 1.5 million new net paying subscribers in the second quarter, which was a little better than expected but remains its lowest level of growth in nearly a decade.

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