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Home Markets PayPal, Arista, SolarEdge: What to Watch When the Stock Market Opens Today

PayPal, Arista, SolarEdge: What to Watch When the Stock Market Opens Today

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Here’s what we are watching as markets kick into gear Tuesday.

Stock futures rose in the hours before many Americans head to the polls, signaling that markets will rally for a second day before the election results are out. The S&P 500 has surged 55% since the Election Day-close in 2016. Read our full market wrap here.

What’s coming up. Polling booths in states including Florida, Georgia and North Carolina will begin to close at 7 p.m. ET, marking the start of what may be a prolonged vigilance for the election results. On the economic front, data on factory orders for September, due at 10 a.m. ET, are expected to show a 1% rise from a month earlier.

PayPal shares drop in early trading after its financial outlook disappoints some investors.

PayPal shares drop in early trading after its financial outlook disappoints some investors.

Photo: Nikolas Kokovlis/Zuma Press

Market Movers to Watch

PayPal Holdings
shed 6% ahead of the New York open. The company’s projection for fourth-quarter earnings growth didn’t meet Wall Street’s expectations because of planned investment spending.

Arista Networks
jumped over 12% in premarket trading. The networking hardware company’s profit and revenue beat analysts’ expectations.

SolarEdge Technologies
plunged over 18% in offhours trading. The company reported Monday that its third-quarter revenue fell 18% from a year earlier, and its guidance for the fourth quarter disappointed investors.

Jazz Pharmaceuticals
climbed 7% premarket. Investors cheered its third-quarter results and guidance, which prompted some analysts to raise the price target on the stock to as much as $202 apiece. The shares closed Monday at $147.25.

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A Global Asset Management Seoul Korea Magazine

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