These Stocks Are Moving the Most Today: Bullish, Coherent, Deere, Cisco, Ibotta, dLocal, and More — Barrons.com
By Joe Woelfel and Elsa OhlenStock futures were mostly lower Thursday following record closing highs for the S&P 500 and Nasdaq Composite as Wall Street continued to focus on the possibility of rate cuts in September.These stocks were poised to make moves Thursday:Bullish, the crypto exchange and owner of CoinDesk, was up 16% in premarket trading after closing up 84% to $68 in its trading debut Wednesday. The stock opened for trading Wednesday at $90, 143% above its initial public offering price of $37. Bullish raised more than $1.1 billion from the sale of 30 million shares. The company's market value at the close of trading Wednesday was about $10 billion.Cisco Systems reported fiscal fourth-quarter adjusted earnings of 99 cents a share, just beating analysts' estimates of 98 cents, as revenue rose 7.6% to $14.7 billion and exceeded forecasts of $14.62 billion. Cisco said artificial-intelligence infrastructure orders exceeded $800 million, bringing the fiscal 2025 total to more than $2 billion, well above Cisco's original $1 billion target. The computer networking company said it expects fiscal first-quarter earnings of 97 cents to 99 cents a share on revenue of $14.65 billion to $14.85 billion. Analysts were expecting profit of 97 cents on revenue of $14.62 billion. Shares fell 1.2%.Coherent tumbled 19% even after posting better-than-expected fiscal fourth-quarter adjusted profit of $1 a share late Wednesday. The optical networking company issued an outlook for first-quarter revenue of between $1.46 billion and $1.6 billion versus expectations of $1.5 billion, and called for adjusted earnings of 93 cents to $1.13 a share compared with forecasts of $1.02. It also said it reached an agreement to sell its aerospace and defense business to private-equity group Advent for $400 million.Deere fell 6.5% after the agricultural and construction equipment maker reported better-than-expected fiscal third-quarter earnings but fiscal-year financial guidance was trimmed.Shares of newly merged Paramount Skydance were sliding 2.2% in the premarket session after the entertainment company closed Wednesday at $15 a share, up nearly 37% to mark its largest daily percentage increase on record, according to Dow Jones Market Data. The stock ended Wednesday's session as the top performer in the S&P 500. Paramount and Skydance completed their merger last Thursday.U.S.-listed shares of JD.com rose 0.5% after the Chinese online retailer topped Wall Street's earnings and revenue expectations. JD.com CEO Sandy Xu said the company's food delivery business had "made healthy progress during the quarter in metrics such as order volume growth, merchant base expansion, full-time rider recruitment, and more importantly, synergies with retail and other existing businesses of JD."Ibotta was tumbling 35% after the performance marketing platform reported second-quarter earnings and revenue that missed analysts' expectations. The company sees revenue of between $79 and $84 million in the current third quarter, down 17% from last year at the midpoint and well below estimates.Emerging markets online payments-focused company dLocal surged 25% after posting second-quarter adjusted earnings of 14 cents a share, beating Wall Street estimates of 13 cents, as revenue jumped 50% from a year earlier to $256.5 million. The company said total payment volume in the quarter reached a record $9.2 billion, up 53% year over year.Intuitive Machines declined 11% after the space technology services company announced the pricing of a $300 million offering of convertible senior notes, up from a previously announced offering of $250 million.Earnings reports are also expected later Thursday from Applied Materials and Quantum Computing.Write to Joe Woelfel at [email protected] 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.