Plug Power, Rivian, Roblox, Lennar: What to Watch When the Stock Market Opens Today

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Plug Power, Rivian, Roblox, Lennar: What to Watch When the Stock Market Opens Today
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Here’s what we’re watching in Thursday’s trading

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Futures are up, putting Wall Street on course to extend gains that followed the Federal Reserve’s move toPlug Power shares jolted 5.3% higher premarket. Korean electric vehicle maker Edison Motors agreed to partner with the hydrogen fuel cell provider to develop and bring to market an electric city bus.Meme stocks AMC Entertainment and GameStop both had a spring in their step premarket, adding 5.2% and 2.9% respectively.

Exchange-traded funds under the umbrella of Cathie Wood’s ARK Investment bought shares of Roblox and Roku on Wednesday after shares of both companies fell sharply, Barrons reported. On Thursday Roblox rose 3.4% premarket and Roku gained 2.5%. Nordson shares slipped 2.8% off hours. The industrial machinery company said profit rose in the recent quarter driven by higher sales, but it projected sales growth next year to climb at a slower pace.

Lennar shares dropped 7.1% premarket. The home builder’s earnings and sales reported after Wednesday’s close were both below forecasts. Heico shares gained 4.2% off hours. The manufacturer reported an increase in quarterly operating income and said the negative impact of the pandemic on its business had been declining over time.The Federal Reserve could make a mistake by tightening too aggressively, but even worse would be a Covid-19 outbreak

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