Check out the companies making headlines in front of the bell: Apple – Tech Giant has fallen 3.5% in shares after President Donald Trump said in a social media post that Apple must pay tariffs of more than 25% on iPhones made outside of US nuclear stocks. Oklo and Nuscale shares each won over 8%. Constellation energy rose by 2% and Cameco rose by 4%. Intuit – Shares have gathered nearly 8% after the tax software company issued a rosy year-round outlook. Intuit expects adjusted earnings in the range of $20.07 to $20.12 per share. Analysts had expected earnings per share of $19.40, according to consensus estimates from fact sets. The company’s third quarter also beat expectations. ROSS STORE – Shares have sunk more than 12% after the off-price retailer withdraws previously announced full-year guidance. The second quarter revenue guidance also did not meet expectations. The Ross store said it expects pressure on profitability if tariffs remain high. Deckers Outdoor – Shares plummeted 19% after Ugg Boots’ makers refused to provide full-year guidance for 2026. DeckersOutdoor cited “macroeconomic uncertainty related to evolving world trade policy.” Meanwhile, according to LSEG, the results for the fourth quarter exceeded expectations for the upper and lower lines. TESLA – Even after Dan Ives of Wedbush Securities Analyst raised the price target for Tesla stock, shares in the electric car maker fell 1.1%. Ives said he believes “a golden age of autonomy is at Tesla’s gateway” ahead of the expected Robotaki launch in Austin, Texas next month. Workday – Stocks fell more than 8% after the HR software company issued its second-quarter subscription revenue forecast to $2.16 billion. However, the company’s first quarter results exceeded top-line and bottom-line expectations. Stepstone Group – Shares rose more than 5% after a private market investment company reported management assets increased to $189.4 billion in the fourth quarter, up from $156.6 billion in the same period last year. Autodesk – Shares rose more than 1% after the software company issued a second quarter outlook that beats expectations. Autodesk expects current quarterly adjusted earnings ranging from $2.44 to $2.48 per share, with revenues ranging from $1.72 billion to $1.73 billion. Analysts surveyed by LSEG had forecast profits of $2.34 per share and revenues of $1.7 billion. XEROX – After Xerox updated its capital allocation policy ahead of Lexmark’s planned acquisition, the share price has fallen by more than 9%, cutting dividends from 80% to 2.5 cents from the previous 12.5 cents. We have repeated the outlook for fiscal 2025. – Reported by CNBC’s Michelle Fox, Alex Hurling, Yun Lee and Pia Singh.
Stock locations that make the most of the movement: Aapl, Oklo, Intu, Rost
