Premarket movers highlight pressure on Walmart, Alibaba and Moderna shares

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Premarket movers: Walmart, Alibaba, Moderna

Highlights

Walmart shares fall 6% premarket after second-quarter revenue beat, but U.S. comparable sales growth and EPS guidance for Q3 and full year miss FactSet forecasts.
Alibaba U.S.-listed shares drop 3.4% as June quarter profit plunges 75% due to a surge in AI-driven capital expenditures, which rise 75% year-over-year.
Moderna declines 7% following a 177% prior-day rally after announcing its experimental cancer vaccine with Merck met key melanoma endpoints in late-stage trials.

Earnings, guidance and trial results drive early moves

As reported by CNBC, Walmart shares are down 6% in premarket trading after the retailer posts a second-quarter revenue beat but misses expectations on U.S. comparable sales growth and issues earnings per share guidance for the fiscal third quarter and full year that falls short of analyst forecasts compiled by FactSet.

Alibaba’s U.S.-listed shares are slipping 3.4% after the Chinese technology group reports a 75% drop in profit for the June quarter, citing a jump in spending on artificial intelligence. Its capital expenditures increase 75% in the quarter, underscoring the cost of its AI push.

Moderna is shedding 7% a day after surging 177% on late-stage trial results for its cancer vaccine with Merck. The companies say the experimental vaccine, used in combination with Keytruda, meets key goals in patients with higher-risk or advanced melanoma whose detectable cancer has been completely removed through surgery.

Nordson is rising 5.4% after raising its full-year outlook. The industrial equipment maker now expects adjusted full-year earnings of $11.80 to $12 a share, up from its prior range of $11.30 to $11.80, and above the FactSet consensus estimate of $11.60 a share.

Crypto rally lifts related stocks

Crypto-related shares are moving higher as Bitcoin and ether rally on President Donald Trump’s push for Congress to pass crypto-friendly legislation. The gains point to continued sensitivity among digital asset stocks to policy signals as well as price momentum in major tokens.

Coinbase is up nearly 7% in premarket trading, while Strategy jumps 10%. Circle Internet gains 7.5%, and Mara Holding and American Bitcoin each add roughly 5%.

Our earlier coverage of the White House’s crypto policy push explained how President Donald Trump’s planned meeting with cryptocurrency executives put regulation and pro-crypto legislation back in focus for markets. We also outlined the proposed framework discussions involving the SEC and CFTC, and why policy headlines were already feeding into moves in Bitcoin and crypto-linked stocks such as Coinbase.

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