Stock futures turn positive, reversing large overnight losses

McDonald’s (MCD) on Thursday reported fourth-quarter revenues and earnings that fell short of expectations as higher costs weighed on its revenues, which marked the fourth miss in past eight quarters. Shares of the company fell more than 2% in premarket trading. (CNBC)

* Southwest Airlines says omicron will drive losses in Q1, expects 2022 revenue (CNBC)

Comcast (CMCSA) reported fourth-quarter earnings on Thursday that exceeded top and bottom line estimates but missed high-speed internet customer net increases. Its shares rose more than 1.5% in the premarket. Comcast, which owns CNBC and NBC as well as cable and broadband operations and a theme park, also announced increases in its dividend and its plan to buy the stock. (CNBC)

Tesla (TSLA) late Wednesday delivered better-than-expected adjusted earnings and earnings in the fourth quarter. However, the EV maker warns that supply chain disruptions could continue throughout 2022. CEO Elon Musk said Tesla will not release any new vehicle models this year, confirming that there will be no Cybertruck in 2022. .Musk also said Tesla is not currently working on a $ 25,000 car. (CNBC)

After Thursday’s closing bell, Dow stocks Apple (AAPL) and Visa (V) were the top companies reporting quarterly results. Apple’s smartphone market share in China reached a record high in the last three months of 2021, where the iPhone maker once again regained No. 1 spot there for the first time in six years. (CNBC)

The losing stocks of cloud software are getting big help. Shares of ServiceNow and Qualtrics each rose more than 10% in Thursday’s premarket after raising estimates and providing good guidance. The recently struggling Netflix rose 4% in the premarket after Pershing Square’s Bill Ackman revealed more than 3.1 million share purchases, making him one of the top 20 shareholders. (CNBC)

Lowe’s (LOW) will soon try out a new offer: a Petco (WOOF) store inside its stores where customers can buy dog ​​food and cat litter, and even visit the veterinarian, while shopping for paint and other supplies for home projects. The two retailers announced a deal on Thursday to pilot the store-in-store concept. (CNBC)

Spotify (SPOT) is working to remove Neil Young’s music from the streaming platform following a standoff over star podcaster Joe Rogan’s coronavirus comments, The Wall Street Journal reports. Young called Spotify because he saw dangerous misinformation on Rogan’s Covid vaccine.

* YouTube blocks right-wing media personality Dan Bongino after suspension of false information on Covid (NY Times)

President Joe Biden and Supreme Court member Stephen Breyer are scheduled to appear together at the White House on Thursday, with the 83-year-old liberal justice set to announce his retirement, NBC News reports. Breyer’s departure from the conservative majority top court gives Biden a chance to fulfill his campaign promise to nominate a Black woman to the bench.

Moderna (MRNA) has begun a clinical trial to study the safety and effectiveness of a booster shot specifically targeting the omicron Covid variant, the company announced Wednesday. The first participant in the phase two trial had already received a dose of the omicron-specific booster shot, according to the company. (CNBC)

Intel (INTC) beat estimates by 18 cents with adjusted quarterly earnings of $ 1.09 per share and earnings that exceeded analyst estimates. Total revenue has dropped since last year, as the chipmaker increased spending on new facilities and production products, and the stock dropped 3.3% in premarket trading.

Blackstone (BX) jumped 4% in premarket trading after reporting better-than-expected quarterly profit. Blackstone reported distributable earnings per share of $ 1.71, compared to a consensus estimate of $ 1.37, thanks to strong investment performance and recording cash inflows.

Tractor Supply (TSCO) reported better-than-expected earnings and earnings for the fourth quarter, raised its quarterly dividend by 77%, and increased its stock buyback program by $ 2 billion. The stock rallied 3.8% in the premarket.

Levi Strauss (LEVI) rose 8.3% in the premarket after the apparel company released an increasing annual forecast amid strong demand for its jeans and jackets. Levi Strauss beat the estimates above and below the lines for the fourth quarter, earning an adjusted 41 cents per share, one cent above the estimates.

LendingClub (LC) fell 15.6% in the premarket despite losing top and bottom-line estimates for its most recent quarter, as it released a weaker-than-expected full-year forecast.

Lam Research (LRCX) surpassed estimates by 2 cents with adjusted quarterly earnings of $ 8.53 per share. However, the chipmaker’s revenue missed estimates and it released a weaker -than -expected quarterly forecast amid ongoing supply chain issues. Lam shares were down 5.3% in premarket trading.

Seagate Technology (STX) jumped 8% in premarket action after the disk drive maker released an upbeat forecast and raised its long -term profit margin target.