US stock futures were up modestly Thursday after equities finished mostly higher following consumer inflation data that showed prices rose 2.6% year over year in October but matched economists' expectations. Data on producer prices will be released before the stock market opens Thursday.
These stocks were poised to make moves Thursday:
Crypto shares surged premarket with bitcoin exceeding $90,000. Canaan rose 10%; Bitcoin Depot rose 8%; Bitfarms rose 6%; Coinbase, MicroStrategy, and Marathon Digital rose 4%.
coinbase global rises 4.9%, bitfarms climbs 5.3%, microstrategy increases 3.2%
proshares bitcoin strategy etf sees 1.1% rise, ishares bitcoin trust increases by 1%
Cisco Systems reported fiscal first-quarter earnings that fell from a year earlier. On an adjusted basis, profit of 91 cents a share topped analysts' estimates of 87 cents, while revenue of $13.84 billion, down 6% from the prior year, topped expectations of $13.78 billion. The networking company said product orders, excluding the Splunk acquisition, rose 9% in the period. Cisco issued a revenue forecast for its current second quarter that at the midpoint was higher than consensus forecasts. "Our customers are investing in critical infrastructure to prepare for AI, and with the breadth of our portfolio, we are uniquely positioned to capitalize on this opportunity," said Chief Executive Chuck Robbins. The stock was down 4.7%.
Shares of ASML were rising 3.1% after the Dutch semiconductor-manufacturing equipment company reaffirmed its 2030 revenue outlook of between EUR44 billion ($46.3 billion) and EUR60 billion. The forecast, from ASML's investor day, also included expectations that global chip sales will reach more than $1 trillion by 2030 on growing demand for artificial intelligence.
U.S.-listed shares of JD.com fell 3.1% after the Chinese e-commerce giant reported third-quarter profit jumped 48% from a year earlier and revenue increased 5.1% but missed analysts' expectations.
Super Micro Computer was down 9.4% to $18.42, extending losses from Wednesday after the server maker said it needs additional time to file its quarterly 10-Q report. The stock has plummeted 83% from its all-time high of $118.81 in March.
Sonos reported a fourth-quarter loss that widened from a year earlier but the adjusted loss of 18 cents a share was 1 cent narrower than expectations. Revenue at the wireless-speaker maker declined 16% to $255.4 million but topped expectations of $247.9 million. "While the overall audio category continues to face headwinds, we are confident that we are well positioned to take more of it over time," said Chief Executive Patrick Spence. The stock rose 5.5%.
Ibotta dropped 23% even after the digital marketing platform reported third-quarter earnings and revenue that topped Wall Street estimates. Ibotta went public in April.
Chinese videogame giant NetEase posted lower net profit and revenue in the third quarter amid gaming-segment weakness and a high base last year. U.S.-listed shares of NetEase gained 3.6% in premarket trading.
Beazer Homes reported fiscal-fourth quarter revenue of $806.2 million, up from $645.4 million a year earlier and better than analysts' estimates of $775.4 million. Net new order in the quarter were 1,029, up 2.6% form a year earlier.
CNH Industrial rose 3.5% after Greenlight Capital's David Einhorn told a CNBC conference that he took a medium-sized position in the agriculture equipment company.
Nu Holdings, the Brazil-based digital bank, declined 5.2% after third-quarter earnings matched expectations and revenue of $2.94 billion rose 56% from a year earlier and topped estimates. Both Warren Buffett and Cathie Wood are investors in the stock.
Earnings reports are expected Thursday from Walt Disney, Applied Materials, Talen Energy, AST SpaceMobile, Dillard's, Oklo, and Advance Auto Parts.
Disney gained 1.8% ahead of its fiscal-fourth-quarter earnings report scheduled for Thursday before the stock market opens. Wall Street expects the entertainment giant to report earnings of $1.11 a share on revenue of $22.49 billion, compared with year-earlier profit of 82 cents a share on revenue of $21.2 billion.
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