Stock futures traded mostly to the upside Monday ahead of a busy week filled with earnings from the likes of tech giants
Microsoft
and
Apple,
a policy meeting of the Federal Reserve, and the monthly U.S. jobs report.
These stocks were poised to make moves Monday:
Boeing’s
737 MAX 9 jet resumed service, about three weeks after the Federal Aviation Administration grounded the aircraft following the midair blowout of an emergency door plug on an
Alaska Air
flight. Alaska Air resumed flying the aircraft on Friday after inspections were completed. A United Airlines flight from Newark, N.J., to Las Vegas flew Saturday on a MAX 9.
Boeing
shares were up 0.3% in premarket trading. The stock has fallen about 17% since the grounding.
Chinese property developer
Evergrande
Group has been ordered to liquidate by a Hong Kong court after failing to reach a restructuring deal with its creditors over the weekend, The Wall Street Journal reported.
Evergrande
was once China’s biggest property developer by sales. It has about $300 billion in liabilities. Shares of the company have declined 90% over the past 12 months.
Earnings reports are expected Monday from
SoFi Technologies,
Whirlpool,
Nucor,
Super Micro Computer,
F5 Inc.,
and
Cleveland-Cliffs.
SoFI, the financial-technology company, is forecast by analysts to report break-even fourth-quarter earnings on revenue of $572 million. The company previously has said it expects to report its first profit under generally accepted accounting principles in the last three months of 2023. The stock rose 5% ahead of the report.
Reports are expected later in the week from
Microsoft,
Apple,
Amazon.com,
Alphabet,
Meta Platforms,
Advanced Micro Devices,
Boeing,
Pfizer,
Merck,
Exxon Mobil,
Chevron,
United Parcel Service,
General Motors,
Starbucks,
Novo Nordisk,
Bristol Myers Squibb,
Mastercard,
Qualcomm,
Honeywell,
Altria,
and
Royal Caribbean.
Willscot Mobile Mini Holdings
is nearing a deal of more than $3 billion to acquire
McGrath RentCorp
in a tie-up up of portable-building companies, the Journal reported. The cash-and-stock deal is expected to be unveiled Monday, the Journal said, citing people familiar with the matter.
Write to Joe Woelfel at [email protected]
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