IBM, Microsoft, GE, Johnson & Johnson: What to Watch When the Stock Market Opens Today

Futures are sliding again and Wall Street’s fear gauge is up, putting stocks on course for another bumpy day of trading. Here’s what we’re watching Tuesday:

• IBM

  
  IBM -0.41%
  

  shares rose 2.9% premarket. The tech giant reported higher profit and a 6.5% revenue increase in the latest quarter, beating analysts’ forecasts.

• Peloton

  
  PTON 9.79%
  

  edged down 1.1% ahead of the bell. The connected-bike maker’s shares rose nearly 10% Monday after The Wall Street Journal reported an activist investor wants the company to fire its chief executive and explore a sale.

• General Electric

  
  GE 0.63%
  

  shares dropped 7.1% in the moments after its earnings release early Tuesday.

• Results are due from

  Verizon,

  
  VZ -0.38%
  

  Johnson & Johnson,

  
  JNJ -1.15%
  

  3M

  
  MMM 0.09%
  

  and

  Lockheed Martin

  
  LMT 0.57%
  

  before the open.

• Crane

  
  CR 2.43%
  

  edged up 0.1% off hours. The manufacturer reported higher fourth-quarter profit and sales, with strong performance across its business despite inflationary pressure.

• Brown & Brown

  
  BRO 2.34%
  

  jumped 6% premarket. The insurer reported higher revenue and earnings in the fourth quarter.

• Hollywood visual-effects studio DNEG is combining with a special-purpose acquisition company,

  Sports Ventures Acquisition Corp.

  , to go public with a roughly $1.6 billion valuation, the companies said.

• Microsoft

  and

  Capital One Financial

  are among the companies reporting earnings after the close.

Chart of the Day

• The prospect of rising interest rates has been especially hard on the Russell 2000 small-cap index, in large part because of the high proportion of small-caps that aren’t making money.

Write to James Willhite at [email protected]

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