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Workday Slips 4.3% as Takeover Arithmetic Points to $60B Deal
Workday (WDAY) shares dropped 4.3% Friday, trimming gains from a takeover-driven surge. A 20% premium suggests a $59.5 billion buyout, but financing and analyst targets pose challenges.
JD.com Shares Slide 7% as First Revenue Decline in a Decade Overshadows Profit Beat
JD.com shares dropped 7% after its first quarterly revenue decline in over a decade, despite a profit beat. Sales fell 2.9% to RMB346.4 billion, while adjusted net income rose 21%.
Chevron Rises 1.7% as Storm Threat Fades, Oil Gains on Iran Worries
Chevron shares advanced 1.7% after the National Hurricane Center slashed the odds of a nearby storm developing. Oil prices climbed on Iran supply worries, not storm threats.
Drone Stocks Surge as Tariffs Favor Niche U.S. Manufacturers
U.S. drone stocks rallied in premarket trading Friday after new tariffs on imported drones were announced. Smaller pure-play firms like Unusual Machines and Red Cat outpaced larger defense contractors.
Ford's $110K Mustang SC Convertible: Premium Pricing Play
Ford's Mustang Dark Horse SC Convertible, priced around $110,000, aims for premium status. Shares rose 0.3% in premarket as investors weigh the high-margin potential against ongoing EV losses.
Nu Holdings Soars 10% on Record $1B Profit, Margin Recovery
Nu Holdings (NYSE:NU) jumped 10% premarket after posting its first $1B+ quarterly profit, driven by a sharp margin recovery and lower credit costs.
SpaceX Stock Rebounds 36% Ahead of Key Share Unlock
SpaceX shares climb 36% from lows to $142.71 as investors eye the upcoming August 20 unlock, testing the stock's resilience amid mixed fundamentals.
Coherent Stock Drops 8% as AI Optics Expansion Strains Cash Flow
Coherent's stock dropped 8% post-earnings even with record revenue, as a massive capex push for AI optics caused operating cash flow to tumble 87% to $79.5M.