According to CNBC, several stocks made notable moves in premarket trading. Walmart dropped 6% after posting a second-quarter revenue beat, though its U.S. comparable sales grew 2.6%, short of the 3.5% increase analysts polled by FactSet had expected; its earnings-per-share guidance for the fiscal third quarter and full year also fell short. Crypto-related stocks moved higher, following a surge in Bitcoin and ether after President Donald Trump pushed Congress to pass crypto-friendly legislation, with Strategy jumping 10%, Circle Internet gaining 7.5%, and Mara Holding and American Bitcoin each adding roughly 5%. Alibaba's U.S.-listed shares fell 3.4% after the Chinese tech giant reported a 75% drop in profit for the June quarter as capital expenditures grew 75% on higher artificial intelligence spending. Moderna shed 7%, a day after gaining 177% on promising late-stage trial results for its cancer vaccine; the trial showed the experimental vaccine from Moderna and Merck, combined with Keytruda, met key goals in patients with higher-risk or advanced melanoma whose detectable cancer had been completely removed through surgery. Nordson rose 5.4% after the maker of coating and adhesive application equipment raised its full-year guidance, now seeing adjusted earnings of $11.80 to $12 a share, up from $11.30 to $11.80, above the FactSet consensus of $11.60. Advance Auto Parts tumbled nearly 15% following mixed second-quarter results, posting revenue of $1 billion against the $2.04 billion expected from analysts polled by LSEG and a comparable-sales decline of 0.5% versus an expected 1.4% gain, though earnings per share topped expectations. Coty slipped 14.5% after the beauty company reported a larger-than-expected quarterly loss and said fiscal 2027 will be a transition year, with an adjusted loss of 2 cents per share against an expected 1 cent loss, though revenue beat expectations. Wolfspeed fell 10% after quarterly revenue of $149.6 million missed the FactSet consensus of $150 million, though its loss of $2.26 per share was narrower than the expected $2.45. NetEase's U.S.-listed shares slipped nearly 4% after quarterly earnings missed analyst estimates.
