Daily Stock Market Reports

Novavax, Lucid, Zoom Video, Barrick Gold, AMC: What to Watch When the Stock Market Opens


Stock futures and global shares slipped following days of whipsaw moves, while oil prices rallied. Here’s what we’re watching in Tuesday’s trading:

A Target Corp. store in New York, Aug. 6, 2020.



Photo:

Nina Westervelt/Bloomberg News

  • Zoom Video Communications


    ZM 5.81%

    shed 1.3% premarket. The company’s sales growth faltered in the fourth quarter, signaling that demand for its videoconferencing application is no longer as entrenched in daily life as more conditions from the Covid-19 pandemic begin to recede.

  • Gold prices extended their recent march higher, and the upward swing was benefiting the share prices of some producers.

    Barrick Gold


    GOLD 0.04%

    gained 0.5% in premarket trading, and

    Newmont


    NEM -2.50%

    nudged up 0.3%. Gold is seen as a stable investment in times of uncertainty. However, with the Federal Reserve on course to raise interest rates, its popularity as a safety play may wane, as unlike Treasurys, it doesn’t pay interest.

  • HP


    HPQ -0.26%

    slipped 1.8% premarket. The PC and printer maker raised its annual profit outlook, boosted by strong sales of computers to businesses, but warned that Russia’s invasion of Ukraine would dent its bottom line this quarter.

  • Workday


    WDAY 1.70%

    gained 8.3%. The human-resources cloud-software company beat estimates for the quarter and forecast a subscription revenue range that exceeded the Wall Street consensus.

  • Twinkie maker

    Hostess Brands


    TWNK -0.78%

    added 2.9% after its revenue came in ahead of Wall Street expectations during the recent quarter and it set a share buyback plan.

  • PubMatic


    PUBM 5.01%

    slid 8.5% premarket after the advertising technology company reported quarterly results, including a 34% jump in revenue from the same period a year ago.

  • AMC Entertainment,


    AMC 6.80%

    Hewlett Packard Enterprise,


    HPE -0.62%

    Urban Outfitters


    URBN 2.61%

    and

    First Solar


    FSLR 6.52%

    are among the companies reporting earnings after Tuesday’s close.

Chart of the Day

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

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Read More: Novavax, Lucid, Zoom Video, Barrick Gold, AMC: What to Watch When the Stock Market Opens

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