Peloton, Marathon Digital, Coinbase, Spirit Airlines: What to Watch When the Stock Market Opens Today

Peloton, Marathon Digital, Coinbase, Spirit Airlines: What to Watch When the Stock Market Opens Today

Stock futures are edging lower ahead of another set of major corporate earnings reports. Here’s what we’re watching in Monday’s trading:

Peloton Interactive soared 23% premarket. The stationary-bike maker is drawing interest from potential suitors including Amazon , according to people familiar with the matter, as its stock slumps and an activist urges it to explore a sale.

Hasbro and  Tyson Foods  are due to report quarterly results before the open.

Bitcoin was up 4.5% from Friday, and crypto stocks were also posting gains. Coinbase added 2.2% premarket, and bitcoin miner Marathon Digital gained 5%.

Snap shares nudged down 1.2% premarket—which isn’t much given the stock’s 59% rally on Friday on the heels of its first profitable quarter.

Amazon.com edged down 0.2%, also not much after its 14% Friday jump, which highlighted the diverging courses of FANG+ stocks since Facebook parent Meta Platforms delivered an earnings disappointment and gloomy forecast.

Frontier Airlines parent Frontier Group and Spirit Airlines said