Berkshire Hathaway, Domino’s, Intuitive Machines, Li Auto, Alcoa, Freshpet, and More Movers
Stock futures suggested a slightly weaker start for Wall Street on Monday as investors faced a week filled with a slew of earnings reports from tech companies and retailers and the release of the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge.
‘s fourth-quarter operating earnings after taxes rose 28% to $8.5 billion in the fourth quarter on strength in the company’s large insurance business and higher investment income. The conglomerate’s cash on hand rose to a record $167.7 billion at the end of the fourth quarter from $157 billion on Sept. 30. Berkshire’s class B shares were rising 2.2%.
jumped 6.1% after the pizza chain reported better-than-expected fourth-quarter earnings, raised its dividend, and said its board authorized additional stock repurchases of up to $1 billion.
has reached a deal to acquire Australia’s
that values the company at about $2.2 billion. The companies operate the
World
and Chemicals joint venture, which operates or has interests in bauxite mines and alumina refineries in Australia, Brazil, Spain, Saudi Arabia, and Guinea. Alumina’s board has recommended that shareholders accept the all-stock deal. Alcoa declined 2.7%.
Advertisement – Scroll to Continue
Shares of
were dropping 25% after the company’s Odysseus lunar lander tipped over when it landed on the moon’s surface. Some of the lander’s antennas weren’t pointing toward Earth, hampering its communications. But the company told Barron’s that its science payloads were intact and operational.
American depositary receipts of
were rising 12% after the Chinese electric-vehicle maker posted fourth-quarter revenue that more than doubled to $5.8 billion and the company reported its first annual net profit.
jumped 19% after the dog food manufacturer issued a stronger-than-expected sales outlook for 2024 after swinging to a fourth-quarter profit.
Before the start of trading Monday,
will replace
as one of the 30 members of the
Advertisement – Scroll to Continue
Amazon rose 0.7% in premarket trading, while Walgreens traded slightly lower.
Earnings reports are expected after the closing bell Monday from
Workday
,
Heico
,
and
Reports are expected later in the week from
Lowe’s
,
AutoZone
,
eBay
,
TJX Cos.
,
Baidu
,
HP Inc.
,
Okta
,
Nutanix
,
Macy’s
,
Autodesk
,
Zscaler
,
C3.ai
,
Best Buy
,
and
fuboTV
.
Write to Joe Woelfel at joseph.woelfel@barrons.com
