5 Important Things To Know Before The Stock Market Opens

With a frantic few days leading up to a busy data week, U.S. stock futures are trading flat as Nvidia’s (NVDA) blockbuster results propelled an AI-fueled stock market rise. While shares of Domino’s Pizza are climbing following a beat on earnings, Berkshire Hathaway’s (BRK.A, BRK.B) shares are soaring in premarket trade following the company’s announcement of solid earnings and an increase in cash to $167.6 billion. Following the aluminum manufacturer’s $2.2 billion bid to acquire Australia’s Alumina, Alcoa (AA) shares are declining. After the closing bell, Zoom Video Communications (ZM) will release its quarterly profits report. Meanwhile, Intuitive Machines’ (LUNR) spaceship has fallen over.

Remember These 5 Important Things Before Stock Market

  1. Berkshire Hathaway, led by Warren Buffett, Rises on Earnings and Records Cash Pile

    Pre-market trading saw a 3% increase in shares of Berkshire Hathaway (BRK.A, BRK.B), which announced solid earnings and revealed that at the end of the previous year, its cash pile had grown to a record $167.6 billion. What the Omaha, Nebraska-based company—whose ventures include See’s Candies and insurance Geico—will do with that pile of wealth will be the main emphasis right now. In the company’s much-watched annual letter to shareholders, Chairman and CEO Warren Buffett stated that there is “no possibility of eye-popping performance” and that investment opportunities are becoming more difficult to find. Buffett began the letter by paying respects to Charlie Munger, the former vice chair who passed away in November at who died in November at the age of 99, calling him “The Architect of Berkshire Hathaway.”
  2. Drops of Alcoa Following an Alumina Bid of $2.2 Billion

    Following the announcement of its $2.2 billion bid to acquire Australia’s Alumina AWC, a deal that would solidify Pittsburgh-based Alcoa’s standing as one of the biggest producers of bauxite and alumina globally, the company’s shares saw a decline of over 3%. The U.S. company’s earlier proposals were reportedly turned down by Alumina, which is why it has advised shareholders to approve the deal. The acquisition occurs at a time when sales of electric cars (EVs) are declining. Aluminum is used extensively in the construction of renewable energy infrastructure and electric automobiles.
  1. Zoom Is Anticipated to Report Lower Earnings

    When Zoom Video Communications (ZM) reports its fourth-quarter fiscal 2024 results after the closing bell, it is anticipated to report a decrease in earnings. Analysts predict that earnings per share will be $1.15 this period, down from $1.22 in the same period last year. With more people returning to their jobs, the video conferencing company—whose name became a word during the pandemic—has faced difficulties. According to reports, the corporation decided earlier this month to reduce 150 jobs or around 2% of its personnel, following the early-year layoff of 1,300 people. The last year has seen a 15% decline in its shares.
  2. Domino’s Increases Profits by Over 7% Beat

    After the pizza company posted fiscal fourth-quarter net income of $4.48 per share, compared with net income of $4.43 per share in the year-earlier period and analysts’ forecasts of $4.38, Domino’s Pizza Inc. (DPZ) shares were up more than 7% in premarket trade. The $1.40 billion in quarterly revenue came in slightly less than the $1.42 billion predicted by analysts.
  3. Intuitive Machines Tumbles 25% After Spaceship Tips Over

    Intuitive Machines (LUNR) shares slumped more than 25% in premarket trading Monday after the commercial space startup said its Odysseus moon lander had tipped over and was resting on its side. Shares in the company, which became the first private firm to land on the moon last week, had more quadrupled this year through the close of trading Friday. Chief Executive Steve Altemus said it wasn’t totally clear what had happened but the data suggested the robot caught a foot on the surface and then fell.

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