Stock futures dipped Thursday, a day after the S&P 500 and Nasdaq Composite set record closing highs and the Dow Jones Industrial Average closed above 45,000 for the first time.
These stocks were poised to make moves Thursday:
MicroStrategy rose 5.5%, Coinbase Global, Inc. gained 3.2%, and Robinhood was up 3.6% as Bitcoin surpassed $100,000 for the first time. The jump in Bitcoin, the world's largest cryptocurrency, and the crypto-linked stocks has been sharp since Donald Trump's victory in the U.S. presidential election on Nov. 5, with investors expecting a more crypto-friendly administration. Bitcoin rose to as high as $103,853 after Trump nominated picked Paul Atkins, to lead the Securities and Exchange Commission. Atkins holds a position within a crypto lobbying group and previously has criticized regulatory action taken by the agency.
Synopsys was falling 7.4% after the semiconductor-design software provider issued fiscal first-quarter guidance that missed analysts' estimates. Synopsys said it expects adjusted earnings of between $2.77 and $2.82 a share -- below analysts' estimates of $3.52 -- on revenue of $1.44 billion to $1.47 billion, which came in under estimates of $1.64 billion.
Cybersecurity company SentinelOne, Inc was tumbling 15% after posting a third-quarter loss that was wider than a year earlier because of higher operating expenses. On an adjusted basis, the company reported break-even earnings in the quarter, below analysts' estimates of 1 cent. Revenue rose 28% in the period to $210.6 million. SentinelOne said it expects fourth-quarter revenue of $222 million and fiscal 2025 revenue of $818 million. Analysts estimate fourth-quarter revenue of $220.6 million and fiscal-year revenue of $815.6 million.
PVH Corp., the parent company of brands Tommy Hilfiger and Calvin Klein, reduced its earnings outlook for the fiscal year to between $10.55 and $10.70 a share from previous guidance of between $11.20 and $11.45, after posting third-quarter earnings and revenue that were lower than a year earlier. The stock declined 6%.
AeroVironment reported fiscal second-quarter adjusted earnings that missed analysts' estimates and issued weaker-than-expected fiscal-year guidance. AeroVironment posted adjusted profit in its second quarter of 47 cents a share, below expectations of 76 cents. Shares of the drone and missile maker were down 7%.
American Eagle Outfitters posted third-quarter revenue that missed analysts' estimates and issued a weak revenue forecast for the holiday season fourth quarter. The company said it expects fourth-quarter revenue to fall 4% while it sees comparable-store sales up 1%. Analysts had been expecting revenue in the period to decline 1%. Shares of the retailer tumbled 14%.
ChargePoint Holdings Inc. was up 10%. The electric-vehicle charging company reported a third-quarter loss of $77.6 million, 51% narrower than a year-earlier loss of $158.2 million. Subscription revenue in the quarter rose 19% to $36.4 million.
Verint, which provides software tools for customer engagement, was rising 23% after third-quarter adjusted earnings of 54 cents a share on revenue of $224.2 million topped Wall Street estimates for profit of 43 cents a share on revenue of $210.1 million.
Five Below boosted its fiscal-year sales forecast following "solid Black Friday weekend results," the company said. The discount retailer, which also named Winnie Park, Forever 21's CEO, as its chief executive, said it expects fiscal-year sales of $3.84 billion to $3.87 billion, higher than previous guidance of $3.73 billion to $3.8 billion. Shares rose 14%.
Earnings reports are expected Thursday from Hewlett Packard Enterprise, Kroger, Lululemon Athletica, ulta beauty, Dollar General, Docusign, GitLab, Inc., UiPath.
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