Finace And Stock

Virgin Galactic, Camber Energy, Bed Bath & Beyond, Jefferies: What to Watch When the Stock Market Opens Today

Futures are up, suggesting the broader stock market could eke out gains for the third quarter despite recent whipsawed trading. Here’s what we’re watching before Thursday’s regular trading session gets going.

Virgin Galactic’s passenger rocket plane VSS Unity, carrying Richard Branson and crew, began its ascent to the edge of space above Spaceport America near Truth or Consequences, N.M., July 11, 2021.



Photo:

virgin galactic/Reuters

  • Merck

    confirmed that it would acquire

    Acceleron Pharma

    for $180 a share, a deal that had been earlier reported by The Wall Street Journal. Acceleron shares gained 1.9% premarket, and Merck ticked up 0.4%.

  • Results are due before the open from

    Bed Bath & Beyond,

    Paychex

    and

    McCormick.

  • Shares of oil-and-gas company

    Camber Energy

    are up 17% premarket from their closing at $3.42 a share on Wednesday. The stock is trending on Twitch, according to Topstonks.com.

  • Another penny stock, social media and entertainment company for children

    Grom Social Enterprises,

    soared 19% premarket, after having gained 95% in the previous session. The reasons are unclear, as they company didn’t appear to issue any regulatory filings or news releases.

  • Investors in

    Altria Group

    and

    Philip Morris International

    were unmoved after the U.S. International Trade Commission ruled in a patent case brought by rival R.J. Reynolds Tobacco that the companies must halt imports and sales of their IQOS heated tobacco device. Shares of both companies edged up 0.2% premarket.

  • Landec

    shares dropped 13% off hours after the maker of wellness products reported a quarterly loss.

  • Herman Miller

    shares climbed 2.2% off hours. The furniture company, which is changing its name to MillerKnoll, said it expects revenue this quarter to exceed $1 billion, helped by a reopening of offices.

  • Jefferies Financial Group

    is due to report earnings after the close.

Chart of the Day
  • The recent Federal Reserve meeting marked a turning point, as widely expected, with the 10-year Treasury yield climbing above 1.5% in subsequent sessions.

Write to James Willhite at james.willhite@wsj.com

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