CMD Cantel Medical Corp

By Anna Hirtenstein 

Here's what we're watching as markets kick into gear on Tuesday.

-- U.S. stock futures edged higher Tuesday, suggesting major indexes will resume their recent climb after a slide in technology shares weighed on markets at the start of the week. Read our full market wrap here.

What's Coming Up

-- Home builder KB Home will deliver its quarterly earnings report after markets close.

-- Live Q&A: Join WSJ chief economics correspondent Nick Timiraos for an interview with the St. Louis Fed's James Bullard. Bullard at 1 p.m. ET.

-- The U.S. job openings and labor turnover survey for November is out at 10 a.m.

Market Movers to Watch

-- Twitter shares climbed 1.2% premarket. The social media giant said it removed more than 700,000 accounts associated with a QAnon conspiracy theory, saying that they share content that has the potential to lead to offline harm.

-- Tesla is up 3% ahead of the opening bell. Local media reports said the electric-car maker is in talks to partner with Tata Motors to build out its electric-vehicle business in India.

-- Realty Income, a real-estate investment trust, is down 4.4% premarket after pricing 10.5 million new shares of common stock. It said it plans to use the proceeds to buy more properties.

-- U.S.-listed shares of cancer-drug developer BeiGene are up 10% premarket after the Chinese company signed a partnership with Novartis to license one of its treatments to the pharma giant.

-- Grocery chain Albertsons Cos. rose 4.6% after it reported earnings that beat estimates and declared a dividend payment.

-- Insurer Aflac is up 3.2% premarket after a Morgan Stanley analyst upgraded their rating on the stock to overweight.

-- Chinese tech company Baidu's ADR shares are up 3.6% premarket. It announced a deal with Zhejiang Geely Holding to jointly develop electric vehicles.

-- Cantel Medical shares gave up earlier gains to trade just 0.4% higher in off-hours trading. The medical supplier is in talks to merge with Steris, The Wall Street Journal reported. A mostly-stock deal might be completed on Tuesday.

Market Fact

The small-cap stock index Russell 2000 was already up 5.9% so far for the year, at Monday's close.

Chart of the Day

Low interest rates and government budget woes provide the backdrop for more debt issuance, and the trend looks likely to continue.

Must Reads Since You Went to Bed

Pandemic Drives Municipal Borrowing to 10-Year High

Zombies Could Stunt the Bank Recovery

The Dollar's Decline in Global Reserves: Fact or Fiction?

More Blue-Chip Companies Halt Political Donations After Capitol Riot by Trump Supporters

(END) Dow Jones Newswires

January 12, 2021 08:21 ET (13:21 GMT)

Cantel Medical (NYSE:CMD)
Historical Stock Chart
From Oct 2024 to Nov 2024

Cantel Medical (NYSE:CMD)
Historical Stock Chart
From Nov 2023 to Nov 2024