U.S. Stocks to Watch: Nvidia, Tesla, Alphabet, Bullish, Novo Nordisk, 89bio, Nucor, and More

Dow Jones
09/18

US stock futures were rising Thursday after the Federal Reserve, as expected, trimmed interest rates by a quarter-point and signaled it could make two additional cuts this year. Stocks rallied initially Wednesday f0llowing the Fed's decision but finished the trading day mixed.

These stocks were poised to make moves Thursday:

Nvidia was rising 2.5%. The leading maker of artificial-intelligence chips fell 2.6% on Wednesday after a report from the Financial Times said China's internet regulator had banned the country's biggest tech companies from buying Nvidia's AI chips. Shares have finished lower for three consecutive sessions and four of the past five trading days.

While Nvidia has been pressured as of late, shares of memory chip maker Micron Technology set a record closing high Wednesday at $159.99. Micron has risen for 11 consecutive trading days, gaining 35% over the span. It was up another 2% in premarket trading.

Tesla was rising 1.6% in premarket trading. The electric-vehicle maker has closed higher for seven straight sessions, gaining about 23% over the span. The stock made a late move Wednesday, finishing up 1% at $425.86, after the Federal Reserve cut interest rates.

Nucor was down 3.7% in premarket trading after the steel company cut guidance for the current third quarter, saying it expects profit of between $2.05 and $2.15 a share. Nucor previously guided for "nominally lower" earnings than the second-quarter's $2.60 a share. The company said earnings were expected to decrease across all three of its operating segments from the second quarter of 2025.

Shares of Bullish, the institutional crypto exchange that also operates the news site CoinDesk, rose 10.5% after posting second-quarter earnings of 93 cents a share, a swing from a year-earlier loss of $1.03. It was the first earnings report from Bullish since becoming a publicly traded company in August.

Cracker Barrel Old Country Store tumbled 9.9% after the restaurant chain reported fiscal fourth-quarter earnings that missed analysts' estimates and forecast fiscal 2026 revenue of $3.35 billion to $3.45 billion that was below Wall Street consensus. The company also said it expects a decline of between 4% and 7% in comparable-store traffic during the current fiscal year. The company caused an uproar in August by changing its logo, only to revert to its old design following pressure from President Donald Trump, other conservatives, and the chain's customers.

PayPal rose 2.6% after the payments company teamed up with Alphabet, laying out plans to integrate PayPal's payment infrastructure with the Google-parent's artificial-intelligence offerings. Shares of Alphabet were up 1.3%.

China is ending an antitrust probe into Google, as trade talks between Beijing and Washington picked up over TikTok and Nvidia amid rising tensions between the two countries, the Financial Times reported on Thursday.

Novo Nordisk’s experimental Wegovy pill showed a 16.6% weight-loss in a late-stage study, according to data published in The New England Journal of Medicine on Wednesday, which is comparable to previous trial results of injectable Wegovy. Ozempic reduces the risk of heart attack, stroke and death by 23% compared to dulaglutide in the first head-to-head real-world study. The shares jumped 5.3%.

Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion, joining a race to offer new liver disease treatments that complement an intense push in the area of weight-loss drugs. 89bio shares soared 82.9%.

StubHub Holdings fell 1.5% in premarket trading. Shares of the popular marketplace for ticket resales made their trading debut Wednesday at $25.35 but finished down 6.4% at $22, below the initial public offering price of $23.50.

Earnings reports are expected Thursday from FedEx, Lennar, Darden Restaurants, and FactSet Research Systems.

FedEx was up 0.9% in premarket trading ahead of fiscal first-quarter earnings from the logistics giant. FedEx's report is scheduled for after the closing bell Thursday. Wall Street expects earnings of $3.63 a share on sales of $21.7 billion.

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