By Mackenzie Tatananni, George Glover and Joe Woelfel
Stock futures fell Wednesday and bond yields spiked after the U.S. producer price index for February was much hotter than economists expected.
These stocks were poised to make moves:
Micron Technology rose 0.4%. Shares in the memory-chip maker rallied 4.5% on Tuesday, meaning the company's market capitalization topped $500 billion for the first time. Micron is set to report its second-quarter earnings after the close of trading Wednesday. Analysts forecast sales will surge 146% from a year ago, which would mark the highest growth rate this century.
Macy's jumped 7.3%. The department store chain reported fourth-quarter earnings that were stronger than anticipated. Same-store sales at locations open for more than a year rose 1.8%, better than the 0.9% decline Wall Street was expecting.
Gemini Space Station fell 8.4% to $6.51. Citi Research downgraded shares of the cryptocurrency exchange, which went public in September, to Sell from Neutral and cut its price target to $5.50 from $13.
Docusign fell 0.8%. The software company reported better-than-expected earnings for its fiscal fourth quarter. Docusign's first-quarter and full-year revenue guidance also beat analysts' estimates.
CF Industries gained 1.6%. Mizuho downgraded shares of the fertilizer supplier to Underperform from Neutral, arguing the supply disruption in the Middle East that has boosted fertilizer prices is temporary.
Lululemon Athletica fell 2.1% after the maker of athletic apparel issued disappointing first-quarter and full-year guidance, which overshadowed a fourth-quarter earnings beat.
Jabil declined 2.4%. The data center infrastructure company posted adjusted earnings that topped analysts' forecasts in the fiscal second quarter. Revenue of $8.28 billion handily beat calls for $7.78 billion.
General Mills declined 1.6%. The cereal maker posted weaker-than-expected adjusted earnings for the fiscal third quarter and said it expects both its sales and profit to continue to decline in the fiscal year.
SoFi Technologies slipped 0.4% after the company threatened legal action against a short seller and CEO Anthony Noto bought shares. Short seller Muddy Waters Research released a scathing report on Tuesday alleging that the fintech was a "financial engineering treadmill" rather than a healthy growing business. "The claims made in the Muddy Waters report demonstrate a fundamental lack of understanding of our financial statements and business," SoFi said.
Swarmer gained 25%. Shares in the drone technology company soared 520% on Tuesday in their first day of trading.
Oklo reversed earlier gains and fell 1.9%. The nuclear start-up said after the bell Tuesday that its net loss had widened from the previous year. Shares added 1.4% the previous session after Oklo said it had secured its first license from the Nuclear Regulatory Commission.
Trade Desk declined 5.5% to $23.69. The stock was downgraded to Neutral from Buy with a price target of $25 at Rosenblatt. Shares fell 7.4% on Tuesday.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 18, 2026 08:53 ET (12:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments