Tesla, FLIR Systems, Bitcoin: What to Watch When the Stock Market Opens Today

—U.S. construction spending for November, due at 10 a.m., is expected to increase 1.1% from the prior month.

Market Movers to Watch

—

Tesla

shares rose 2% premarket. The electric-vehicle maker’s sales soared in 2020 despite a drop in global demand for new cars during the Covid-19 pandemic. Tesla said Saturday that it delivered a record 499,550 vehicles globally last year, up from roughly 367,500 the previous year.

—Roku gained 2.3% in premarket trading after The Wall Street Journal reported that Quibi is in advanced talks to sell its content catalog to Roku, as the short-form streaming service winds down its operations following an unsuccessful run.

—Shares in

The9 Ltd.,

an internet company based in China, rose more than 50% premarket after the company said it signed an investment term sheet with investors to start a cryptocurrency business.

—U.S.-listed shares of China’s three large telecom carriers fell premarket after the New York Stock Exchange moved to delist the trio to comply with a U.S. government ban. Shares in

China Mobile

declined 4.3%,

China Telecom

fell 5.6% and

China Unicom

edged down 3.9%.

—Bitcoin fell more than 6% against the dollar Monday, trading near 1 bitcoin buying $31,130.69. Bitcoin rallied strongly in the last two months of 2020 as a string of well-known investors and companies unveiled bitcoin holdings.

—Shares in

FLIR Systems

rallied more than 20% after

Teledyne Technologies

agreed to buy FLIR in a cash-and-stock deal valued at approximately $8 billion.

—

Calithera Biosciences

fell more than 50% premarket after a cancer treatment under development failed to meet the primary endpoint in a study. In response to the results, the company said it will cut approximately 35% of its workforce.

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