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Micron, Nike, BlackBerry, Braze: What to Watch When the Stock Market Opens Today

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Micron Technology beat analyst forecasts in quarterly results; BlackBerry earnings are due after the close. What we're watching at the opening bell.

Micron Technology rose 7.7% in premarket trading. The chip maker posted quarterly revenue of $7.7 billion, topping Wall Street estimates, and forecast $7.5 billion in revenue for the current quarter, ahead of analyst predictions.

Nvidia rose 2.5%. The chip designer has lost 15% this month after its effort to buy Arm Holdings faced a setback in the U.S. Even after that drop, the stock’s up more than a third for the final quarter of 2021.Nike rose 3.5% premarket after a mixed set of results. Revenue of $11.4 billion in the quarter ended Nov. 30 was up 1% from the same period last year. Growth was stunted by a slowdown in production and transportation of its goods around the world.

Carnival rose 1.8% in another choppy premarket session for the cruise stock, a bellwether for investor sentiment regarding the Omicron variant of coronavirus.Say this much for Oracle : When they get a line of credit, they waste no time in using it,

 

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