By Mackenzie Tatananni and Adam Clark
Stock futures were slipping Thursday after the Federal Reserve's preferred inflation gauge showed that consumer prices stayed high heading into the war in Iran.
These stocks were poised to make moves:
CoreWeave added 2.2%. The cloud provider struck a $21 billion expanded deal with Meta Platforms. Under the terms of the agreement, CoreWeave will supply Meta with cloud capacity through December 2032. Meta also will exercise a previous option for additional capacity, which was included in a deal last year.
Applied Digital fell 2.7%. Although the data-center developer's fiscal third-quarter earnings broadly topped analysts' estimates, Applied Digital didn't announce any major hyperscaler deals.
Chevron advanced 1.3%. Crude oil prices were rising and oil and gas stocks were making modest gains after dropping sharply on Wednesday's cease-fire news. Exxon Mobil was up 0.9%.
BlackBerry jumped 8.5% after the once-mighty mobile phone giant, which now focuses on software for auto makers and industrial companies, posted better-than-expected quarterly adjusted earnings and issued an upbeat forecast.
Neogen slumped 9.6%. The animal-and-food safety company posted a wider net loss and lower revenue in its fiscal third quarter, which was accompanied by a fiscal-year guidance hike.
Marvell Technology advanced 4.4% to $119.50 as Barclays analyst Tom O'Malley upgraded the stock to Overweight from Equal Weight and bumped his target price to $150 from $105.
Whitestone REIT surged more than 11% to $18.89. Ares Management agreed to take the real estate investment trust private in a $1.7 billion, all-cash deal, which is expected to close in the third quarter.
Nvidia ticked down 0.5%. The chip maker was among a number of semiconductor stocks dropping as investors watch for whether the U.S.-Iran cease-fire will last. Micron Technology was down 1.9%.
Constellation Brands slipped 0.6%. The U.S. importer of beers like Corona Extra and Modelo Especial beat fourth-quarter earnings expectations, but issued lower-than-expected fiscal 2027 guidance and completely withdrew its outlook for 2028.
Staar Surgical gained 18%. The implantable lens maker expects sales to more than double in the first quarter, at more than $90 million, compared with $42.6 million a year earlier.
Richardson Electronics was up 14%. The manufacturer of industrial parts said its backlog reached a three-year high as it swung to a quarterly profit.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Adam Clark at adam.clark@barrons.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
April 09, 2026 09:12 ET (13:12 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments