Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Nuclear stocks — Stocks tied to nuclear energy rose as a group after Reuters reported , citing sources, that Trump will sign orders to boost nuclear power as soon as Friday. Shares of Oklo and NuScale rallied more than 8%, each. Constellation Energy gained 2%, while Cameco rose 4%. Intuit — Shares rallied nearly 8% after the tax software company issued a rosy full-year outlook. Intuit expects adjusted earnings in the range of $20.07 to $20.12 per share, up from its previous guidance of $19.16 to $19.36 per share. Analysts expected $19.40 earnings per share, according to consensus estimates from FactSet. The company's fiscal third-quarter also beat expectations. Ross Stores — The stock sank more than 12% after the off-price retailer withdrew its previously announced full-year guidance, citing the varying nature of tariff announcements. Its second-quarter earnings guidance also fell short of expectations. Ross Stores said it anticipates pressure on profitability if tariffs stay at elevated levels. Deckers Outdoor — Shares plunged 19% after the maker of Ugg boots declined to provide full-year guidance for fiscal 2026. Deckers Outdoor cited "macroeconomic uncertainty related to evolving global trade policies." On the other hand, fourth-quarter results exceeded expectations on the top and bottom lines, according to LSEG. Tesla — Shares of the electric vehicle maker fell 1.1% even after Wedbush Securities analyst Dan Ives lifted his price target on Tesla shares. Ives said he believes "the golden age of autonomous is now on the doorstep for Tesla" ahead of the company's expected robotaxi launch in Austin next month. Workday — Shares dropped more than 8% after the human resources software company issued second-quarter subscription revenue forecast of $2.16 billion, which matched the StreetAccount consensus estimate. However, the company's first-quarter results surpassed expectations on the top and bottom lines. StepStone Group — Shares gained more than 5% after the private market investment firm reported assets under management jumped to $189.4 billion in the fiscal fourth quarter, up from $156.6 billion in the year-ago period. Autodesk — Shares rose more than 1% after the software company issued a second-quarter outlook that beat expectations. AutoDesk expects current-quarter adjusted earnings in the range of $2.44 to $2.48 per share, with revenue of $1.72 billion to $1.73 billion. Analysts surveyed by LSEG were anticipating earnings of $2.34 cents per share and revenue of $1.70 billion. Xerox — The stock fell more than 9% after Xerox updated its capital allocation policy ahead of its planned acquisition of Lexmark, saying that it's cutting its dividend by 80% to 2.5 cents from 12.5 cents previously. It reiterated its fiscal year 2025 outlook. — CNBC's Michelle Fox, Alex Harring, Yun Li and Pia Singh contributed reporting
Stocks making the biggest moves premarket: Apple, Tesla, Intuit, Ross Stores and more
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research.
Start Your Free Trial Now!Not sure where to invest today?
Kalkine’s latest research highlights three companies identified through in-depth analysis and market insights.
Explore these research reports to learn about companies currently being tracked by our analysts and make more informed investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...