SoFi, Walmart, J&J, Apple, Amazon, and More Stock Market Movers

Stock futures were slipping Monday as the
S&P 500
closes out a solid month of gains. Wall Street this week will be paying close attention to earnings from
Apple
and
Amazon.
com, and the monthly U.S. jobs report.

These stocks were poised to make moves Monday:

Walmart
(WMT) paid $1.4 billion to buy Tiger Global’s remaining stake in Flipkart, the Indian e-commerce giant, The Wall Street Journal reported.

In recent days, Walmart bought the remaining shares of Flipkart owned by Tiger Global, according to a letter that hedge-fund Tiger Global sent to its investors that was reviewed by the Journal.
Walmart
paid $16 billion for a 77% stake in the privately held Flipkart in 2018, but recently its stake stood at about 75%, according to the Journal. The transaction values Flipkart at $35 billion, down from $38 billion when Flipkart sold shares in 2021. Walmart shares rose 0.3% in premarket trading.

Johnson & Johnson
(JNJ) was falling 1.7% after a bankruptcy judge tossed out the second chapter 11 case that the healthcare giant filed in its ongoing effort to settle tens of thousands of lawsuits it faces from plaintiffs who say they were harmed by the company’s talc products.

Earnings reports are expected Monday from
Arista Networks
(ANET),
ON Semiconductor
(ON),
Western Digital
(WDC),
ZoomInfo Technologies
(ZI), and
SoFi Technologies
(SOFI), which is forecast by Wall Street to post a first-quarter loss of 7 cents a share on revenue of $474 million.

Reports are expected Tuesday from
Advanced Micro Devices
(AMD),
Caterpillar
(CAT),
Pfizer
(PFE), and
Starbucks
(SBUX); Wednesday will see earnings from
CVS Health
(CVS),
PayPal
(PYPL), and
Qualcomm
(QCOM);
Apple
(AAPL),
Amazon.com
(AMZN), and
Alibaba
(BABA) are scheduled for Thursday.