U.S. stock futures rose, resuming the seesaw action that has become the signature of markets since the emergence of the Omicron Covid-19 variant. Here are the stocks we’re keeping tabs on before the bell:

• Micron Technology rose 7.7% in premarket trading. The chip maker posted quarterly revenue of $7.7 billion, topping Wall Street estimates, and forecast $7.5 billion in revenue for the current quarter, ahead of analyst predictions.

• Nvidia rose 2.5%. The chip designer has lost 15% this month after its effort to buy Arm Holdings faced a setback in the U.S. Even after that drop, the stock’s up more than a third for the final quarter of 2021.
• Semiconductor company Advanced Micro Devices also gained ahead of the bell, adding 2.2%.
• Nike rose 3.5% premarket after a mixed set of results. Revenue of $11.4 billion in the quarter ended Nov. 30 was up 1% from the same period last year. Growth was stunted by a slowdown in production and transportation of its goods around the world.
• General Mills is due to report quarterly results before the open.
• Software company Braze added 10% premarket after saying its revenue rose 63% on the year in the third quarter. Braze listed on the Nasdaq Stock Market last month.
• Shares of Society Pass jumped 26% premarket after more than tripling Monday. The company, which went public in November, was added to the Russell 2000 index.
• Carnival rose 1.8% in another choppy premarket session for the cruise stock, a bellwether for investor sentiment regarding the Omicron variant of coronavirus.
• BlackBerry will deliver its earnings report after the close.

Chart of the Day

• Say this much for Oracle : When they get a line of credit, they waste no time in using it, writes Dan Gallagher for Heard on the Street.

Write to Joe Wallace at [email protected]

Source: https://www.wsj.com/articles/micron-nike-blackberry-braze-what-to-watch-when-the-stock-market-opens-today-11640088360