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    Zynga, Lululemon, Virgin Orbit, Tilray: What to Watch When the Stock Market Opens Today

    Stock futures are wavering ahead of inflation data and the first wave of major earnings reports later this week. Here’s what we’re watching ahead of Monday’s opening bell:

    • It’s a happy day in FarmVille:

      Take-Two Interactive

      is acquiring

      Zynga

      in a stock-and-cash deal. Zynga shares soared 46%; Take-Two’s slipped 7.7%.

    • GameStop

      shares were down 2.3% premarket, reversing course from Friday’s gains that came after a report that it was launching a new division focused on nonfungible tokens and cryptocurrency.

    • Lululemon

      Athletica shares slid 7% premarket after the maker of yoga gear said fourth-quarter sales and profit will come in at the low end of its guidance ranges amid staffing challenges presented by the Omicron variant.

    • Virgin Orbit

      shares jumped 5.6% premarket, building on Friday’s 26% rise when the company made its Nasdaq debut.

    Richard Branson’s Virgin Orbit, with a rocket underneath the wing of a modified Boeing 747 jetliner, before its takeoff on a key drop test of its high-altitude launch system for satellites, July 10, 2019.



    Photo:

    mike blake/Reuters

    • R1 RCM

      said Monday it is buying Cloudmed, a software company for healthcare providers, from New Mountain Capital in an all-stock transaction. R1 RCM shares added 3.5% premarket in low-volume trading.

    • JPMorgan Chase,

      Citigroup

      and

      Wells Fargo

      were all inching higher premarket. The banks will kickoff earnings season when they report results at the end of the week.

    • Tilray

      and

      Commercial Metals

      are due to report earnings this morning.

    • Intel

      nudged down 0.2% ahead of the bell. The chip maker removed references to the Chinese region of Xinjiang from an open letter it sent suppliers last month, after the contents of the note sparked a social-media uproar in China and led it to apologize to the Chinese public.

    • Accolade

      and

      Limoneira

      will report results after the close.

    Chart of the Day

    Write to James Willhite at james.willhite@wsj.com

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    The post Zynga, Lululemon, Virgin Orbit, Tilray: What to Watch When the Stock Market Opens Today appeared first on Eminetra.

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