Dover, Procter & Gamble, Travelers, Netflix: What to Watch When the


Stock futures are edging higher amid another flurry of earnings. Here’s what we’re watching before Tuesday’s regular session begins.

  • Dover rose 4%. The manufacturer raised its full-year earnings guidance and said it had a large backlog.
  • Procter & Gamble shares fell 1.7% ahead of the bell. The maker of Tide detergent and Gillette razors reported a decline in quarterly profits and said it is raising prices for a host of household staples to counter higher costs for freight and raw materials.
  • Johnson & Johnson shares fell 0.6% premarket. The pharmaceutical company logged a larger profit in its third quarter, lifted by higher sales in its pharmaceutical, medical-device and consumer-health divisions.
  • Travelers said net income fell in the third quarter from a year before, citing higher catastrophe losses. Shares of the insurer popped 3.4%.
  • Profits at Steel Dynamics soared in the third quarter as demand remained strong and prices rose. Shares gained 2.3% premarket.
  • Aerospace composites specialist Hexcel reported a profit for the third quarter, but continued to withhold guidance due to pandemic uncertainties. Shares slipped 1.5%.
  • Philip Morris International ticked up 0.5%. The cigarette company reported profits and revenue that topped analysts’ expectations.
  • Halliburton fell 0.8%. The oil-field services company turned a profit in the third quarter but said revenue fell just short of forecasts.
  • Atea Pharmaceuticals said a trial of AT-527, its Covid-19 antiviral drug, didn’t meet its objectives. Shares tanked 72%.
  • Robinhood Markets rose 0.6% premarket. The Securities and Exchange Commission said Monday that this year’s trading frenzy in GameStop should lead regulators to consider whether “game-like” brokerage apps are encouraging people to trade too much.
  • Ulta Beauty issued financial targets and strategic priorities. Investors appear not to have been overjoyed. Shares lost 3.4%.
  • Occidental Petroleum ticked up 1.6% after Truist Financial raised its price target for shares of the oil producer.
  • Teladoc Health gained 0.4% after Wells Fargo recommended investors buy shares of the virtual healthcare company.
  • E-commerce firm Carvana rose 2% in thin trading. Analysts at Wedbush bumped up their target price for the stock last week.
  • Netflix and United Airlines are due to report after the close.
Chart of the Day
  • China’s economy has been taking it from all sides: power outages, the property debt fiasco, snarled shipping lanes and, a bit further back, a brief but damaging Delta variant outbreak. Given how modest countercyclical support has been so far, next quarter will almost certainly be worse, writes Heard on the Street columnist Nathaniel Taplin.

Write to Joe Wallace at joe.wallace@wsj.com



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