Stock futures were rising Friday ahead of the U.S. jobs report for May and on signs of easing in the intense war of words between Tesla CEO Elon Musk and President Donald Trump.
These stocks were poised to make moves Friday:
Tesla rose 5.3% in premarket trading after the electric-vehicle company's shares sank 14% on Thursday following the exchange of insults between Musk and Trump. After expressing his disappointment with Musk for criticizing his tax-and-spending bill -- the Tesla chief executive called it a "disgusting abomination" -- Trump escalated their war of words by threatening to eliminate government subsidies and contracts for Musk's businesses.
Tesla closed Thursday with a market capitalization of $915.7 billion, down $152.4 billion on the day, the largest one-day market cap decline for Tesla on record, according to Dow Jones Market Data.
Shares of Trump Media & Technology Group, the parent of social media site Truth Social and which was launched by President Trump, were up 1.1%. They tumbled 8% on Thursday as the Musk-Trump relationship splintered.
Broadcom was down 3.5% after the semiconductor and software company reported fiscal second-quarter earnings that slightly beat analysts' estimates on revenue of $15 billion, better than consensus of $14.96 billion. Sales from artificial intelligence jumped 46% from a year earlier to $4.4 billion, "driven by robust demand for AI networking," said Chief Executive Hock Tan said. The CEO said Broadcom expects growth in AI semiconductor revenue to rise to $5.1 billion in the third quarter, "delivering 10 consecutive quarters of growth, as our hyperscale partners continue to invest."
Rival chip maker Nvidia, the leading maker of AI chips, was up 0.2% after Broadcom's quarterly earnings report showed that demand for artificial intelligence remains robust.
Microsoft rose 0.5% in the premarket session. The software giant closed up 0.8% on Thursday to a record high of $467.68. It ended the session with a market cap of $3.476 trillion, making it the most-valuable U.S. company, topping both Nvidia ($3.416 trillion) and Apple ($2.997 trillion). Micosoft has risen for six consecutive sessions.
Circle Internet Corp. was up 17% in premarket trading at $97.60 after the leader in the world of stablecoins closed up 167% at $82.88 in its trading debut Thursday. Circle's initial public offering price was $31 a share.
Lululemon Athletica was falling 21% after first-quarter earnings and sales topped analysts' expectations but the maker of yoga pants cut profit guidance for the fiscal year because of higher tariff-related costs and more markdowns. Lululemon said it expects fiscal-year earnings of between $14.58 to $14.78 a share, down from prior guidance of $14.95 to $15.15. The high end of Lululemon's new range is lower than Wall Street forecasts of $14.86.
Samsara, Inc. , the internet-of-things company, posted first-quarter earnings and revenue that beat expectations but issued revenue guidance for the second quarter that while slightly higher than estimates disappointed investors. Shares fell 11%.
Rubrik Inc. reported a narrower-than-expected first-quarter loss as revenue jumped 49% to $278.5 million, topping estimates of $260 million. The cybersecurity company was rising 3.7%.
Docusign was down 18% after the e-signature company reported first-quarter billings of $739.6 million, up 4% from a year earlier, but the metric was below company projections of $741 million to $751 million. Docusign said it expects billings in the fiscal year of around $3.3 billion, down from a prior forecast of as high as $3.4 billion.
ServiceTitan, a software platform for trade businesses, tumbled 11% even as first-quarter earnings and revenue topped Wall Street forecasts.
Braze, Inc. reported better-than-expected first-quarter earnings but the software company was falling 12% after slashing fiscal 2026 profit guidance.
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