Roblox, Nvidia, Airbnb, ViacomCBS: what to watch on the stock market today

Wall Street stock indexes fell in morning trade as investors monitored tensions between Russia and Ukraine and awaited minutes from the Federal Reserve’s January meeting. Here’s what we’re looking at in Wednesday’s trading:

  • Shares of social gaming platform Roblox plunged after its earnings report fell short of expectations.
  • Airbnb posted record revenues last year, becoming one of the biggest beneficiaries of a struggling travel industry as consumers sought suburban rentals, and forecast continued growth as it emerges from the pandemic.
  • ViacomCBS said it is renaming itself Paramount Global and will refer to itself as Paramount, highlighting the focus on its Paramount+ streaming service and referring to the legacy of its nearly century-old movie studio.
  • Upstart Holdings released quarterly results and guidance that beat expectations, and implemented a new share buyback program.
  • Generac Holdings said net sales rose 40% in the last quarter to a record $1.07 billion.
  • Altria can keep its investment in Juul, a judge has said. The FTC had filed a lawsuit to unwind the e-cigarette deal, claiming it violated antitrust laws.
  • Hilton Worldwide posted a quarterly profit of $148 million, compared with a loss of $225 million a year earlier.
  • Kraft Heinz reported fourth-quarter earnings and sales that beat expectations.
  • Shopify’s earnings beat forecasts, but it said it expects revenue growth to slow in 2022 from a year earlier.
  • SeaWorld Entertainment reported that it was unlikely to strike a deal for Cedar Fair after the latter rejected its approach, preventing a takeover that would have combined two theme park companies that have been affected by the Covid-19 pandemic. 19.
  • Joby Aviation was lower in morning trading, after closing 27% higher in the previous session. The developer of an all-electric, five-seater plane announced on Tuesday that it has formed a partnership with ANA Holdings to bring ride-hailing services to Japan. Toyota has also joined the partnership, with the intention of exploring opportunities such as ground transportation.
  • Wynn Resorts announced a bigger than expected loss for the last quarter.
  • Cisco Systems, Nvidia, Fisker, Hyatt Hotels, Host Hotels & Resorts, America’s Car-Mart, Star Bulk Carriers and Marathon Oil are expected to report results after the close.
Card of the day
  • The Tokyo Stock Exchange recently unveiled its biggest overhaul in 60 years that includes tougher standards for its top tier, but some overseas investors say the real problem is the whole corporate management edifice in the country.

Write to James Willhite at [email protected]

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