Tuesday's Pre-Market: Zoom, Capital One Discover Acquisition, Amazon and the Dow Jones, Kroger-Albertsons, and Unity shares sink

Zoom shares jump as quarterly results beat on top and bottom lines

• Zoom beat estimates for the fiscal fourth quarter.

• Growth would have been faster in the fiscal fourth quarter if not for a sales reorganization.

• Zoom shares rose as much as 13% in extended trading on Monday.

Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’

• JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved.

• Dimon acknowledged that if regulators approve the Capital One-Discover deal, his bank will be eclipsed as the nation’s biggest credit card lender.

• “My view is, let them compete,” Dimon said. “Let them try, and if we think it’s unfair, we’ll complain about that.”

Amazon joins the Dow on Monday, giving the 127-year-old index a needed upgrade as it trails the S&P 500

• The Dow is a smaller average than the S&P 500, with just 30 components, and it’s weighted by the share price of the stocks instead of the companies’ total market value.

• The three largest tech stocks in the Dow by market capitalization as of Friday were Apple, Microsoft and Salesforce, while key companies such as Nvidia and Alphabet were excluded.

• Over the past 12 months, the S&P 500 is up 28%, while the Dow is ahead 19%.

FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers

• The FTC and a group of attorneys general have sued to block the merger of Kroger and Albertsons.

• In a news release, the federal agency said the deal would result in higher prices for grocery shoppers and lower wages for workers.

• Kroger and Albertsons had struck a deal to divest over 400 stores and other assets to try to overcome antitrust concerns.

Unity shares sink on weak guidance

• Unity provided a disappointing first-quarter forecast in its earnings report.

• The company said going forward, it would only provide revenue guidance for the company’s “strategic portfolio,” which includes its engine, cloud and monetization business units.

• Fourth-quarter revenue jumped 35% from a year earlier.