What to watch today: Dow futures steady as bond yields rise but Nasdaq futures fall
BY THE NUMBERS

IN THE NEWS TODAY

STOCKS TO WATCH

Lands' End (LE): The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts' forecasts. Lands' End forecast a smaller-than-expected loss for the current quarter and full-year earnings that exceed consensus. Its shares jumped 6.7% in premarket trading. Lennar (LEN): The homebuilder reported quarterly earnings of $2.04 per share, beating the consensus estimate of $1.71 a share. Revenue beat estimates as well, helped by low interest rates and solid demand. The company said that demand remains strong despite a recent rise in rates. Lennar added 1% in the premarket. Coupa Software (COUP): The provider of financial management software earned 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss. Revenue came in above forecasts, in spite of what the company calls a difficult macroeconomic environment. Coupa shares rose 2% in premarket trading. CrowdStrike (CRWD): The security software company beat estimates by 5 cents a share, with quarterly earnings of 13 cents per share. Revenue came in above estimates as well. CrowdStrike also issued an upbeat outlook. Its shares gained 4.9% in premarket action. Plug Power (PLUG): The maker of fuel cells shares plunged 18.6% in the premarket after it said it will restate its financial results for 2018 and 2019, as well as some recent quarterly filings. The company said it detected errors in how it accounted for a variety of non-cash items, but added that it did not find any misconduct. Coherent (COHR): The laser maker said it had received a revised takeover bid from optical components maker Lumentum (LITE) for $6.9 billion in cash and stock. This is the eighth bid for Coherent in a takeover contest involving Lumentum, II-VI (IIVI) and MKS Instruments (MKSI). Coherent's stock jumped 3.7% in premarket trading. Pinduoduo (PDD): The China-based e-commerce company reported a 146% surge in quarterly revenue that beat analysts' estimates. Pinduoduo also overtook Alibaba (BABA) as China's largest e-commerce company, with 788.4 million active users in 2020 compared to Alibaba's 779 million. Its stock initially surged in the premarket on the news, but then fell 5.8%. Baidu (BIDU): The China-based internet search company is set to raise about $3.1 billion in a Hong Kong listing, according to people with direct knowledge of the matter who spoke to Reuters. Baidu had previously been expected to raise about $3 billion from the listing. Baidu shares fell 1.9% in the premarket. Micron Technology (MU): The semiconductor maker plans to sell a Utah chip factory that made a type of memory chip called 3D Xpoint, which it jointly developed with Intel (INTC) in 2012. It plans to exit the 3D Xpoint market due to low demand from customers. FirstEnergy (FE): The utility confirmed that it struck a deal with activist investor Carl Icahn, giving him two seats on the board and avoiding a potential proxy fight. The agreement had earlier been reported by The Wall Street Journal. FirstEnergy rose 1.4% in premarket trading.

WATERCOOLER