GameStop, Stitch Fix, SentinelOne, Novavax: What to Watch When the Stock Market Opens Today

Here’s what we’re watching in Wednesday’s trading

Stock Market Today, Wall Street

12/8/2021 3:30:00 PM

Here’s what we’re watching in Wednesday’s trading

Shares of Covid-19 vaccine makers were slipping; Earnings are due from GameStop.

Stock futures areafter Tuesday’s rally on Wall Street amid optimism that Omicron won’t be the disaster some had feared. Here’s what we’re watching in Wednesday’s trading:GameStop is due to report earnings after the closing bell.Covid-19 vaccine makers were dropping ahead of the open. Novavax shed 5.9%, Moderna slipped 3.4% and Pfizer declined 2.3%. Early lab tests have shown the Omicron variant

weakening vaccine effectiveness.Robinhood Markets gained 3.6% premarket. After Tuesday’s close the trading-app provider filed to terminate its registration statement for the resale of stock from certain shareholders. The company noted this wouldn’t change the number of shares available for sale.

Travel stocks were on the rise. Cruise operator Carnival added 2.4%, hotel chain Marriott International gained 1.5% and United Airlines rose 1.7%.Cybersecurity company SentinelOne dropped 11% premarket after it reported a loss for the recent quarter.Luxury home builder Toll Brothers nudged up 0.7% premarket after it said fourth-quarter profit nearly doubled as sales rose, beating analyst expectations. headtopics.com

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Stitch Fix plunged 25%. The online apparel retailer swung to a quarterly loss because of an income tax benefit it booked in the year-earlier period.Dave & Buster’s Entertainment gained 3.9%. The entertainment and dining venue operator’s board approved a $100 million share-buyback program.

AeroVironment slipped 0.4%. The robotic systems company cut its fiscal 2022 guidance, citing various issues, including supply chain delays.Chart of the Day

Read more: The Wall Street Journal »

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Stitch Fix swings to a loss despite better-than-expected sales, retailer cuts full-year forecastStitch Fix cut its revenue outlook for the fiscal year, saying that it faces ongoing supply chain pressures and is in a transition period.

Novavax COVID-19 vaccine could be approved very soon, says EMA chiefThe head of the European Medicines Agency (EMA) on Tuesday said that it could soon approve the COVID-19 vaccine developed by U.S. biotech company Novavax . pls. This goes out to everyone who can read this. We wish you and yours the VERY best in these VERY trying times. Stay safe and be sure to spread positivity everywhere you go. Hug a Veteran and thank them for their Valor. Merry Christmas. Have a GREAT Holiday Season everyone. ✌😀

December 2021 Stock Market OutlookNovember began with stocks on another tear, setting record high after record high, but ended abruptly with the market in retreat. By the end of November, the S&P 500 had fallen 2.9% from its latest all-time high, and closed out the month down 0.8%. Meanwhile, the Dow Jones Industrial Average (DJ Advisor I don't want to see Santa wearing a mask...period. Advisor This is like the biggest opportunity I had in making money from the comfort of the home, gratitude to Geoffreypreud this is really amazing..... I'm counting the racks like never before about $15,800. I think my job is actually a waste of time. Thank you Mr Geoffrey send a DM