Roblox, Nvidia, Airbnb, ViacomCBS: What to Watch in the Stock Market Today – The Wall Street Journal

Wall Street stock indexes slipped in morning trading as investors monitored tensions between Russia and Ukraine and awaited minutes from the Federal Reserve’s January meeting. Here’s what we’re watching in Wednesday’s trading:

  • Social-gaming platform Roblox ’s shares plunged after its earnings report came in below expectations.
  • Airbnb posted record revenue last year, becoming one of the biggest beneficiaries of a battered travel industry as consumers sought suburban rentals, and projected continued growth as it emerges from the pandemic.
  • ViacomCBS said it is renaming itself Paramount Global and will refer to itself as Paramount, underscoring its emphasis on its Paramount+ streaming service and evoking the heritage of its roughly century-old film studio.
  • Upstart Holdings reported quarterly results and a forecast that beat expectations, and it set a new share-repurchase program.
  • Generac Holdings said that net sales increased 40% in the recent quarter to a record $1.07 billion.
  • Altria can keep its investment in Juul, a judge ruled. The FTC had sued to unwind the e-cigarette deal, saying it violated antitrust laws.
  • Hilton Worldwide posted a quarterly profit of $148 million, compared with a loss of $225 million a year earlier.
  • Kraft Heinz reported fourth-quarter profit and sales that beat expectations.
  • Shopify ’s earnings beat forecasts but it said it expects revenue growth will slow in 2022 from the year prior.
  • SeaWorld Entertainment signaled it was unlikely to pursue a deal for Cedar Fair after the latter rejected its approach, stymieing a takeover that would have combined two theme-park businesses that were hit by the Covid-19 pandemic.
  • Joby Aviation ticked lower in morning trading, after having closed up 27% in the prior session. The developer of an all-electric, five-seat aircraft on Tuesday said it formed a partnership with ANA Holdings to bring aerial ride-sharing services to Japan. Toyota also joined the partnership, with the intention of exploring opportunities such as ground-based transportation.
  • Wynn Resorts reported a larger-than-expected loss for the recent quarter.
  • Cisco Systems ,   Nvidia ,   Fisker ,   Hyatt Hotels ,   Host Hotels & Resorts ,   America’s Car-Mart ,   Star Bulk Carriers  and  Marathon Oil  are due to post results after the close.
Chart of the Day
  • The Tokyo Stock Exchange recently unveiled its biggest overhaul in 60 years that includes tougher standards for its top tier, but some foreign investors say the real problem is the entire edifice of corporate management in the country.

Write to James Willhite at

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