Disney, DraftKings, Palantir, Li Auto: What to Watch When the Stock Market Opens Today

By Mischa Frankl-Duval 

Here's what we are watching as markets kick into gear Friday.

-- U.S. stock futures climbed, suggesting most major indexes are headed for a second week of gains. S&P 500 futures and Nasdaq-100 futures both gained 0.7%. Economically-sensitive sectors like energy and banks have been some of the week's best performers. Read our full market wrap here.

-- What's coming up. The University of Michigan's preliminary consumer sentiment index for November, due at 10 a.m., is expected to hold fairly steady, reflecting the crosscurrents of an uncertain election, stock market gains, rising employment and more Covid-19 cases.

Market Movers to Watch

-- DraftKings shares rose 11% premarket after reporting growing revenue and user figures for the latest quarter,

-- Palantir shares fell more than 3% premarket, reversing course after Morgan Stanley cut its rating on the stock. The data analysis company raised its annual revenue outlook Thursday after it posted better-than expected sales in its first quarterly report since going public in September.

-- Cisco shares rose 7.7% premarket after the company reported better-than-expected earnings, and an outlook that exceeded Wall Street's expectations.

-- Walt Disney climbed 3.2% premarket after reporting better streaming figures than expected, and a narrower loss than analysts had predicted.

-- Li Auto jumped more than 25% premarket after the electric-vehicle maker reported a quarter-on-quarter rise in revenue and gross margin.

-- Biopharmaceutical firm Urovant Sciences leapt 90% after majority shareholder Sumitovant Biopharma agreed to buy the company's remaining shares.

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(END) Dow Jones Newswires

November 13, 2020 08:41 ET (13:41 GMT)

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