US PREMARKET ACTIONS: August 8, 2025

Futures Indices
Dow Futures: +0.2%
S&P 500 Futures: +0.3%
Nasdaq 100 Futures: +0.3%
US 10-Year Yield: 4.26% (=)

Market Environment

US index futures are edging higher this Friday, supported by a rebound in tech stocks, as investors continue to assess the impact of new tariffs imposed by Donald Trump.

Yesterday’s session ended mixed: S&P 500 -0.08%, Nasdaq +0.35%, Mag-7 +0.40%, hurt by disappointing results from Eli Lilly. Tariff exemptions on certain electronic components and easing tensions in the Russia-Ukraine situation briefly lifted the market before giving way.

Trump’s reciprocal tariffs came into effect at midnight on Thursday, without provoking any major immediate reaction. Market participants will closely monitor their medium-term effects.

In monetary policy, Fed Governor Christopher Waller is gaining ground as a possible successor to Jerome Powell as head of the central bank. Few data releases are expected today, but a speech by Alberto Musalem (St. Louis Fed) may offer further clues on the rate path.

Stocks to watch

Block (NYSE:XYZ) +8%
Big jump after raising annual gross margin guidance and a Q3 outlook above expectations. The owner of Square and Cash App now forecasts 2025 gross profit at $10.2B versus $9.96B previously.

Skillz (NYSE:SKLZ) +6%
The stock surges after better-than-expected Q2 results, driven by an 18% increase in paying active users quarter-over-quarter and a solid $238M cash position.

Take-Two Interactive (NASDAQ:TTWO) +4%
The publisher of GTA and NBA2K raises its full-year net bookings guidance to $6.05-6.15B and confirms the GTA VI release schedule, beating consensus.

Tempus AI (NASDAQ:TEM) +10%
Q2 results beat expectations with revenue up 89.6% year-on-year, thanks to growth in genomics and data services. Improved annual guidance with positive adjusted EBITDA.

Stem (NYSE:STEM) +8.4%
Pleasant surprise with a loss per share well below estimates and revenue of $38.37M (+$5.9M vs consensus).

Pinterest (NYSE:PINS) -11%
Despite better-than-expected revenue and user numbers, profitability disappoints. While Q3 guidance meets or slightly exceeds expectations, the market’s reaction remains negative.

Twilio (NYSE:TWLO) -13%
Solid Q2 release but Q3 EPS forecast below consensus. The market reacts negatively despite an increased full-year free cash flow forecast.

The Trade Desk (NASDAQ:TTD) -29%
Sharp drop after disappointing outlook and surprise resignation of the long-time CFO, despite inline revenue guidance.

Graphjet Technology (NASDAQ:GTI) -13%
Decline after announcing a 1-for-60 reverse stock split.

BioVie (NASDAQ:BIVI) -41%
Collapse after announcing a $12M capital raise via share issuance.

Wishing you all a good session
Sylvain Mouilhaud: Stock Coach