U.S. Stocks to Watch: Cisco, Firefly Aerospace, JD.com, Micron, Sandisk, Cellebrite, and More

Dow Jones
Nov 13

US stock futures were sliding on Thursday as the end of the longest government shutdown in U.S. history failed to boost markets.

These stocks were poised to make moves:

Cisco Systems shares jumped 6.5% after the networking company reported better-than-expected quarterly earnings and revenue late Wednesday. Cisco also provided a strong financial forecast. For the current quarter, it expects earnings of between $1.01 and $1.03 a share, above analysts' estimates.

JD.com's American depositary receipts jumped 3.1% after the Chinese ecommerce giant reported better-than-expected revenue and net income. Revenue for JD's retail unit climbed 11% from a year ago to 250.6 billion yuan ($35.2 billion), easing fears that deflation and stagnant consumer spending in China may have weighed on sales.

Firefly Aerospace’s stock surged 25.5% on Wednesday after the space technology company issued better-than-expected third-quarter results and lifted its guidance.

Memory-chip stocks were sliding in premarket trading. Micron Technology slipped 1.5%, Sandisk dropped 3.7%, and Western Digital was down 2.8%. The selloff came after Japanese peer Kioxia reported dismal results for the six months ended Sept. 30. Operating profit tumbled 55% and revenue fell 16% from a year ago.

Cellebrite shares surged 16.7% after the digital investigation solutions provider reported third-quarter earnings that significantly exceeded analyst expectations, driven by strong subscription revenue growth.

New Fortress Energy shares tumbled 8.6%. The liquefied natural gas producer said in a filing Wednesday that it was seeking an extension to file its report for the quarter ended Sept. 30. The company has been exploring options to restructure its $7.8 billion debt load.

Entertainment company Walt Disney, chip equipment manufacturer Applied Materials, and media company Newsmax are among the companies set to report earnings on Thursday.

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