Stock futures were rising as markets focused on inflation data due later Tuesday that could help decide whether the Federal Reserve will resume interest-rate cuts.
These stocks were poised to make moves Tuesday:
BigBear.ai Holdings was tumbling 29% after the artificial-intelligence software provider reported negative second-quarter adjusted earnings before interest, taxes, depreciation, and amortization of $8.5 million—that was wider than the $3.7 million posted for the same period the previous year. Revenue of $32.5 million missed consensus estimates for $40.6 million, according to FactSet, and BigBear.ai also cut its 2025 revenue outlook to a range of $125 million to $140 million, below its previous forecast range of $160 million to $180 million. The company said it has “seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army.”
Mercury stock rose 9.2% after the technology company’s fiscal fourth-quarter adjusted earnings and revenue handily topped Wall Street forecasts.
Celanese reported second-quarter adjusted earnings and revenue that beat analysts’ expectations but shares plummeted 15% after the chemicals company said it anticipates third-quarter adjusted profit of between $1.10 and $1.40 a share, below consensus of $1.73, as it expects a “softening demand environment across most key end-markets in the second half of the year.”
Intel stock rose 3.5%. Late Monday, President Donald Trump said he had a “very interesting” meeting with Intel CEO Lip-Bu Tan, after having called for the executive’s resignation last week. An Intel spokesperson said it was a “candid and constructive discussion on Intel’s commitment to strengthening U.S. technology and manufacturing leadership,” in an emailed statement.
Oklo Inc. , the nuclear start-up, was down 2% after posting a second-quarter loss of 18 cents a share, wider than analysts’ forecasts that called for a loss of 11 cents, but narrower than a loss of 27 cents a year earlier. In an earnings presentation on the company’s website, Oklo said it was “uniquely positioned to benefit” from the Trump administration’s executive orders on nuclear energy.
Archer Aviation Inc. stock fell 13% after the developer of electric vertical takeoff and landing aircraft reported a wider-than-expected loss in the second quarter.
Plug Power, the largest pure-play clean hydrogen company in the U.S., reported a wider-than-expected second-quarter loss of 20 cents a share. The stock rose 1.3% as its revenue of $174 million beat the consensus analysts’ estimate of about $158 million.
Fluence Energy, Inc. stock fell 12% after the energy-storage company reaffirmed its full-year guidance but said production was ramping up at a slower-than-expected pace at its recently commissioned U.S. manufacturing sites, which would affect revenue through to next year. Second-quarter earnings beat expectations at 1 cent a share. Revenue came in below FactSet estimates at $602 million.
Earnings reports are expected Tuesday from Circle internet, Cardinal Health, On Holding, CoreWeave, Smithfield Foods, Cava Group, Lumentum Holdings, H&R Block, Pony AI, and Rigetti Computing.
Circle Internet Corp. was up 1.1% in premarket trading. The stablecoin company is scheduled to issue its first earnings report as a public company. It listed in early June and the stock price has more than quintupled since the initial public offering. Analysts expect second-quarter revenue of $646 million, up 50% from a year earlier.
CoreWeave, Inc. fell 3% in premarket trading ahead of second-quarter earnings from the AI cloud vendor. The company is scheduled to issue its report after the close of trading Tuesday. Wall Street expects an adjusted loss of 23 cents a share on revenue of $1.08 billion. Coming into Tuesday, CoreWeave shares have risen 139% over the past three months. The company went public on March 28.