U.S. Stocks to Watch: Apple, Amazon, Figma, Reddit, MicroStrategy, Coinbase, and More

Dow Jones
Aug 01, 2025

Stock futures declined Friday as President Donald Trump raised tariffs on a number of U.S. trading partners and investors awaited the monthly jobs report.

These stocks were poised to make moves Friday:

Apple reported a jump of 10% in fiscal third-quarter revenue to $94 billion as iPhone sales rose more than 13% from a year earlier to $44.58 billion and surpassed Wall Street estimates of $40.09 billion. Analysts suggest many customers rushed to buy new iPhones expecting that tariffs would boost prices. CEO Tim Cook said Apple incurred about $800 million of tariff-related costs in the third quarter. Cook added Apple estimates it will face tariff costs of about $1.1 billion in its fiscal fourth quarter. Apple shares were up 1.9%.

Amazon.com fell 8.2%. The tech and online retailing giant posted better-than-expected second-quarter earnings as profit rose 35% from a year earlier and net sales rose by 13% to $168 billion. Analysts had been expecting sales of $162 billion. Amazon recorded $30.9 billion in revenue in its Amazon Web Services cloud business, up nearly 18% from a year earlier and higher than Wall Street forecasts of $30.8 billion. Amazon said it expects third-quarter sales of $174 billion to $179.5 billion, compared with expectations of $173.3 billion. However, Amazon said it anticipates third-quarter operating income of $18 billion at the midpoint of its range, below analysts’ estimates of $19.5 billion.

Figma was at $127.37 in premarket trading after closing up 250% in its trading debut Thursday at $115.50. The design software start-up’s initial public offering of 36.9 million shares was priced Wednesday at $33 a share, above the expected range. Figma’s IPO raised more than $1.2 billion. The stock opened for trading Thursday at $85 a share.

Microsoft gained 0.8% in premarket trading. The software giant closed up 4% on Thursday at an all-time high of $533.50 after posting fiscal fourth-quarter earnings that beat analysts’ estimates and revenue jumped 18% to $76.4 billion. Microsoft closed with a market of $3.966 trillion after crossing $4 trillion during Thursday’s session.

Tesla was down 1.6% in premarket trading after the electric-vehicle maker began offering ride-hailing services in the San Francisco Bay Area. “You can now ride-hail a Tesla in the SF Bay Area, in addition to Austin,” said CEO Elon Musk in a post on X.com, adding that “Invites to our Bay Area ride-hailing service are going out now.”

Reddit swung to a profit in the second quarter and adjusted earnings easily topped analysts’ expectations. Ad revenue in the quarter of $465 million jumped 84% from a year earlier. The social media company issued better-than-expected revenue guidance for the third quarter. Reddit shares jumped 14%.

MicroStrategy, the largest corporate holder of Bitcoin, swung to a profit in the second quarter as revenue rose 3% from a year earlier and its Bitcoin per share increased 25% in 2025. MicroStrategy earned $32.60 a share in the quarter, a reversal from a year-earlier loss of 57 cents. Operating income jumped more than 7,000% to $14.03 billion as an accounting change allowed MicroStrategy to include an unrealized gain on the company’s digital assets of $14 billion. Shares fell 4%.

Coinbase Global reported second-quarter revenue of $1.5 billion that slightly missed analysts’ expectations while transaction revenue of $764.3 million also came up shy of forecasts of $814 million. Subscription and services revenue in the period was $656 million. The cryptocurrency exchange said it expects third-quarter subscription and services revenue of $665 million to $745 million, below estimates of $752.9 million. Coinbase declined 11%.

First Solar was up 2.2% after the solar company reported better-than-expected second-quarter earnings and issued a mixed full-year outlook. First Solar expects 2025 revenue of between $4.9 billion and $5.7 billion, higher than earlier forecasts of $4.5 billion to $5.5 billion. The company also narrowed its earnings guidance to a range of $13.50 to $16.50 a share, from $12.50 to $17.50.

Earnings reports are expected Friday from Exxon Mobil, Chevron, Enbridge, Colgate-Palmolive, Regeneron Pharmaceuticals, and Kimberly-Clark.

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