Roblox, Intuit, Farfetch, Lucid: What to Watch in the Stock Market Today

Wall Street indexes are wavering on renewed anxiety around rising Covid-19 infections and related restrictions in Europe. Here’s what we’re watching in Friday’s trading:

  • Nike has launched a virtual play place on Roblox ’s online game platform that lets players dress their digital avatars in Nike sneakers, hats or backpacks.
  • Intuit , the company behind TurboTax, QuickBooks and Mint, raised its financial forecast for fiscal 2022.
  • U.S.-traded shares of U.K. luxury fashion company Farfetch plunged after it missed sales expectations for its third quarter.
  • Workday swung to a profit in the third quarter of its fiscal year 2022 as subscription revenue growth accelerated in the period.
  • Williams-Sonoma delivered an earnings beat after Thursday’s close. Friday morning Telsey Advisory Group lifted its price target for the stock.
  • Chip-equipment supplier Applied Materials ended its fiscal year with disappointing profit and revenue.
  • Luxury electric-vehicle maker Lucid slipped premarket after having closed down 10% on Thursday. But fellow EV startup Rivian was shaking off the recent gloom.
  • Cybersecurity company Palo Alto Networks topped Wall Street expectations for the quarter and raised its billings and revenue forecasts for the year.
  • Foot Locker  reported third-quarter results above analyst views.
Chart of the Day

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