Check Point Software, Nikola, Meta, Palantir, and More Stock Market Movers

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Stock futures were mixed Monday as Wall Street anxiously awaited data on U.S. consumer price inflation after equities finished their worst week of the year.

These stocks were poised to make moves Monday: 

Check Point Software Technologies

(CHKP) reported fourth-quarter adjusted earnings of $2.45 a share, beating analysts’ forecasts of $2.36. The company’s board also authorized a $2 billion expansion of Check Point’s stock buyback program. The stock rose 0.7% in premarket trading.

Nikola (NKLA) gained 2.1% as the company has started work on hydrogen plants, The Wall Street Journal reported. The company also has signed up a handful of hydrogen producers that have agreed to supply hydrogen for Nikola vehicles in parts of the U.S. and Canada.

Nikola

makes battery- and hydrogen-powered semi-trucks.

Fidelity National Information Services

(FIS) was up 1.4% in premarket trading after Reuters reported the company was preparing to break up and plans to pursue a tax-free spinoff of its merchant business.

Caterpillar

(CAT) fell 1.3% as shares of the construction-equipment maker were downgraded to Neutral from Outperform at Baird.

Share of

Meta Platforms

(META) were rising 1% following a report from the Financial Times that said the parent company of Facebook has delayed finalizing multiple teams’ budgets while it prepares a fresh round of job cuts. Meta laid off 11,000 workers, or 13% of its workforce, in November.

Five Below (FIVE) rose 1.2% after shares of the retailer were upgraded to Buy from Neutral at Roth MKM.

Earnings reports are expected after the closing bell Monday from

Arista Networks

(ANET),

SolarEdge Technologies

(SEDG), and

Palantir Technologies

(PLTR).

Write to Joe Woelfel at [email protected]