U.S. Stocks to Watch: Alibaba, Rivian, Palantir, Celsius, Block, Dropbox, Akamai, Walmart, and More

Dow Jones
21 Feb

Stock futures traded slightly higher Friday, a day after Wall Street finished lower following a warning from Walmart that the world's largest retailer expected a slower fiscal year.

These stocks were set to make moves Friday:

Walmart was up 0.4% in premarket trading. The stock declined 6.5% on Thursday after the company issued weak guidance for fiscal 2026, citing "uncertainties" in the economy and consumer behavior. The retailer said it expects net sales to increase by 3% to 4% versus analysts' expectations of around 4% growth.

U.S.-listed shares of Alibaba rose 4% in premarket trading. The Chinese e-commerce giant closed with a gain of 8.1% on Thursday after quarterly earnings beat Wall Street expectations, and after The Wall Street Journal reported late in the session that GameStop CEO Ryan Cohen in recent months has boosted his stake in Alibaba to $1 billion, or about 7 million shares. The Journal report cited people familiar with the matter.

Rivian Automotive, the electric-vehicle company, posted fourth-quarter gross profit of $170 million, higher than analysts' estimates of $64 million. Sales were $1.7 billion versus forecasts of $1.5 billion. The stock, however, was down 2.2% in premarket trading after Rivian said it expects an adjusted loss before interest and taxes of between $1.7 billion and $1.9 billion in 2025, below consensus that called for a loss around $1.69 billion. The company also said it expects to deliver 46,000 to 51,000 vehicles in 2025, with the midpoint of that range of 48,500 below Wall Street projections of about 55,000 vehicles.

Tesla, the largest U.S. EV maker, was down 0.2% after tumbling 1.7% on Thursday. Lucid Group fell 0.9%.

Online travel company Booking Holdings reported fourth-quarter earnings and bookings that beat analysts' expectations. Room nights booked rose 13% to 261 million in the period, better than analysts' expectations of 250 million, while gross bookings gained 17%. The stock was rising 3.3%.

Celsius Holdings jumped 34% after the maker of energy drinks posted fourth-quarter earnings and revenue that topped Wall Street expectations and announced an agreement to buy rival Alani Nu, a growing energy-drink brand fueled by social-media influencers, for $1.8 billion in cash and stock.

Block, the parent company of Square and Cash App, was falling 7.7% after the fintech company reported fourth-quarter adjusted earnings of 71 cents a share on revenue of $6.03 billion, missing analysts' expectations for earnings of 88 cents on revenue of $6.3 billion. Gross profit in the quarter was $2.31 billion, up 14% from a year earlier. Block said it expects gross profit growth in 2025 to increase 15% to $10.22 billion, below Wall Street estimates of $10.28 billion.

Akamai Technologies was down 9% after the cloud computing company said it expects first-quarter adjusted earnings of between $1.54 and $1.59 a share on revenue of $1 billion to $1.02 billion. Analysts had been expecting earnings of $1.65 a share on revenue of $1.05 billion.

Shares of Palantir Technologies were up 1.1% in premarket trading. The software company declined 5.2% on Thursday, extending losses from Wednesday when it lost 10%. The decline followed reports of potential U.S. defense budget cuts, and came after CEO Alex Karp adopted a new trading plan to sell up to 9,975,000 Palantir shares.

Dropbox fell 10%. The cloud storage company reported fourth-quarter adjusted earnings and revenue that beat Wall Street estimates but said during its conference call that it expects paying users in 2025 to decline by roughly 1.5% to 300,000.

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