US stock futures waved Monday after the S&P 500 set another record high on Friday and closed above 5000 for the first time. The index, like the Dow Jones Industrial Average and the Nasdaq Composite, has risen 14 out of the last 15 weeks.
These stocks were poised to make moves Monday:
Microsoft (MSFT), Apple (AAPL) - Microsoft closed Friday with a market capitalization of $3.125 trillion, the highest for any company ever. The software company’s market value topped the previous record set by Apple, which reached $3.09 trillion in July 2023, according to Dow Jones Market Data. Apple ended Friday with a market cap of $2.916 trillion. Microsoft was up 0.1% in premarket trading, while Apple rose 0.1%.
Nvidia (NVDA) - Nvidia shares gained more than 1% in premarket trading Monday, with market value on the verge of overtaking Amazon.
Amazon (AMZN) - Amazon.com was flat in premarket trading. Shares in the e-commerce company rose 2.7% on Friday to finish at $174.45, the highest closing level since Dec. 9, 2021, according to Dow Jones Market Data. Separately, Amazon. com founder Jeff Bezos has sold $2 billion of the company’s stock, his first sale in more than two years, according to a disclosure late Friday. Bezos sold 12 million Amazon shares for $2.04 billion, an average price of $170.21 each, from Feb. 7 to Feb. 8.
Crypto stocks - Crypto stocks climbed in premarket trading Monday as Bitcoin eyed its longest winning run in a year. Bit Digital rose about 5%; SOS Limited and CleanSpark rose 4%; Canaan rose 3%; Bitfarms, Marathon Digital, MicroStrategy and Riot Blockchain rose about 2%; Coinbase rose 1%.
Intuitive Machines (LUNR) - Shares of Intuitive Machines jumped another 25% in premarket trading Monday after the company reported a big stake by co-founder Kamal Seyed Ghaffarian. The shares jumped 32% on Friday.
Diamondback Energy (FANG) - Diamondback Energy could announce Monday it will be merging with Permian rival Endeavor Energy Resources in a deal that would create a an oil-and-gas giant worth more than $50 billion, The Wall Street Journal reported, citing people familiar with the matter. The stock-and-cash deal would value closely held Endeavor at around $25 billion, the people told the Journal, and Diamondback stockholders would own the majority of the combined company after the merger closes. Shares in Diamondback, which has a market value of around $27 billion, were rising 0.9% in premarket trading.
Arista Networks (ANET), Monday.com (MNDY), Cadence Design Systems (CDNS) - Earnings reports are expected Monday from Arista Networks, up 3% in premarket trading; Monday.com, up 5.8%, Cadence Design Systems, up 1.1%; and Waste Management, up 0.6%. Others reporting Monday include Lattice Semiconductor, Avis Budget Group, and ZoomInfo Technologies.
Reports are expected later in the week from Coca-Cola, Shopify, Airbnb, Cisco Systems, Occidental Petroleum, Kraft Heinz, Applied Materials, Deere, DoorDash, Coinbase Global, and DraftKings.