Stock futures are flat Thursday as traders digest earnings, latest data: Live updates – CNBC

Hasbro reported a stronger-than-expected quarterly profit, sending the stock up more than 1% in the premarket.

The toy maker earned $1.31 per share, beating a Refinitiv consensus estimate of $1.29 per share. The company’s revenue of $1.686 billion matched estimates.

“We delivered our first billion-dollar brand in Magic: The Gathering and another record year at Wizards of the Coast and Digital Gaming, we grew key investment areas including licensing and direct to consumer, and we improved adjusted operating profit margin,” CEO Chris Cocks said in a statement.

— Fred Imbert

Roku shares jumped about 11% in extended trading Wednesday after the streaming device company posted a narrower-than-expected loss and beat analysts’ sales expectations in its latest quarter.

The firm reported a loss of $1.70 per share, better than the forecasted $1.73 per share from analysts polled by Refinitiv. Roku posted $867 million in revenue, greater than the consensus estimate of $802 million.

There could be some strength in this stock rally, according to Victoria Greene, chief investment officer at G Squared Private Wealth.

“It’s ignoring the bond market, it’s ignoring the Fed, it’s ignoring fundamentals and it’s ignoring some of the economic data. All it’s focused on is rising on technicals,” Greene said Wednesday on CNBC’s “Closing Bell: Overtime.”

“And this does happen — early innings of a bull market, you always see the market run without any fundamental reason why,” she continued.

The investor made her remarks following a positive day for the major averages. Traders shook off a stronger-than-expected January retail sales report that could point to further tightening from the Federal Reserve. According to Greene, that suggests the rally “does have some legs.”

“The Fed is saying that they’re going to be hawkish, but the technicals are saying this rally is in, and I really don’t think we’re going to retest those October lows anymore, because we’ve hit some really important technical supports,” Greene said.

— Sarah Min

The Russell 2000, the small cap benchmark, jumped 1.09% during regular trading on Wednesday, notching its third positive day in four – and outperforming the three major averages.

The index is also on track for a 2.2% jump week to date.

Personal finance site NerdWallet propelled the index, jumping an eye-popping 26% during the trading session. The company posted its latest quarterly results on Tuesday, beating analysts’ estimates on the top and bottom lines, according to FactSet. Guidance for first-quarter revenue also came in higher than Wall Street expected.

Crypto names also buoyed the Russell 2000, with Silvergate Capital adding 28% and Marathon Digital gaining more than 18%. The crypto stocks surged alongside an 8% jump in bitcoin. The flagship cryptocurrency hit a high of $24,288, the highest level since Aug. 17.

–Darla Mercado, Gina Francolla

Investors are keeping an eye out for another inflation report: January’s producer price index. The data will be issued Thursday at 8:30 a.m. ET.

The producer price index measures the prices paid by wholesalers. Economists polled by Dow Jones anticipate that the metric gained 0.4% in January. Back in December, the index slipped by 0.5% for the month. Excluding volatile food and energy prices, economists predict that the PPI gained 0.3% in January, compared to December’s gain of 0.1%.

The PPI report should give investors further context around inflation, as well as a sense of how the Federal Reserve might chart the way forward for its rate-hiking campaign. Indeed, the consumer price index for January came in hotter than expected, while retail sales for that month smashed expectations.

–Darla Mercado, Jeff Cox