Zynga, Lululemon, Virgin Orbit, Tilray: What to Watch When the Stock Market Opens Today

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Wall Street stock indexes opened lower ahead of inflation data and the first wave of major earnings reports later this week. Here’s what we’re watching in Monday’s trading:

  • It’s a happy day in FarmVille: Take-Two Interactive is acquiring Zynga in a stock-and-cash deal. Zynga shares soared; Take-Two’s slipped.
  • GameStop shares were down in morning trading, reversing course from Friday’s gains that came after a report that it was launching a new division focused on nonfungible tokens and cryptocurrency.
  • Lululemon Athletica said fourth-quarter sales and profit will come in at the low end of its guidance ranges amid staffing challenges presented by the Omicron variant.
  • Virgin Orbit shares gained in early trading, building on Friday’s 26% rise when the company made its Nasdaq debut.
  • Cannabis goods company Tilray ’s sales rose in its fiscal second quarter as its loss narrowed and it nearly swung to a profit.
  • Intel removed references to the Chinese region of Xinjiang from an open letter it sent suppliers last month, after the contents of the note sparked a social-media uproar in China and led it to apologize to the Chinese public.
  • JPMorgan Chase ,   Citigroup and  Wells Fargo will kickoff earnings season when they report results at the end of the week.
  • R1 RCM said Monday it is buying Cloudmed, a software company for healthcare providers, from New Mountain Capital in an all-stock transaction.
  • Accolade and Limoneira will report results after the close.
Chart of the Day

Write to James Willhite at james.willhite@wsj.com