Stock futures were rising Friday after the S&P 500 closed higher for a fourth-straight session.
These stocks were poised to make moves Friday:
UnitedHealth rose 3.7% in premarket trading. Shares of the insurance and healthcare company tumbled 11% on Thursday to $274.35, a 52-week low, after The Wall Street Journal reported the Justice Department was investigating UnitedHealth for possible criminal Medicare fraud. On Tuesday, shares fell 18% after the company's CEO stepped down and UnitedHealth suspended its 2025 outlook. The stock has fallen for eight consecutive sessions, declining more than 32% over the span, according to Dow Jones Market Data. It has tumbled 46% this year.
Applied Materials reported fiscal second-quarter adjusted earnings that topped analysts' estimates but shares of the largest chip-equipment maker in the world fell 6.1% after a disappointing revenue outlook. Applied Materials said it anticipates third-quarter revenue in a range that at the midpoint of $7.2 billion was slightly below consensus of $7.22 billion.
Videogame maker Take-Two Interactive Software was down 3.7% as it posted a mixed fourth quarter and said it expects fiscal 2026 revenue of between $5.95 billion and $6.05 billion, below Wall Street estimates of $7.91 billion. Take-Two's results follow the company's announcement earlier this month that publishing label Rockstar Games would delay the release of Grand Theft Auto VI to May 26, 2026.
Netflix rose 0.5% after the streaming service closed up 2.3% on Thursday to $1,177.98, a record high. Netflix finished with a market cap of $501.3 billion, the first time it closed above $500 billion.
Meta Platforms is delaying the rollout of a flagship artificial-intelligence model, people familiar with the matter told The Wall Street Journal. Engineers have been struggling to significantly improve the capabilities of its large-language model, the people said. The stock fell 2.4% on Thursday and was up slightly in premarket trading.
Shares of Coinbase gained 0.9% after the cryptocurrency exchange closed down 7.2% on Thursday after disclosing that it was the v ictim of a data breach that could cost up to $400 million, and after The New York Times reported on a Securities and Exchange Commission investigation into possible misrepresentation of the company's user numbers. Coinbase told Barron's in an email that the probe was "a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public."
Cava, the Mediterranean fast-casual restaurant chain, posted first-quarter adjusted earnings of 22 cents a share on revenue of $331.8 million, beating Wall Street estimates for profit of 14 cents and revenue of $326.8 million. Cava also raised its fiscal-year guidance for adjusted earnings before interest, taxes, depreciation and amortization to $152 million to $159 million, and slightly increased expectations for new restaurants this year, to 64 to 68 additions. The stock declined 3.1%.
Doximity sank 22% after the online medical platform reported better-than-expected fiscal fourth-quarter adjusted earnings and revenue but forecast revenue in its current first quarter that missed analysts' estimates. The company said it expects first-quarter revenue of $139 million to $140 million, below analysts' projections of $143.3 million. Doximity's fiscal-year revenue outlook also was shy of forecasts.