Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and more

Here’s a quick pre-market recap of the headlines making waves today:

Disney stole the limelight with a surge of more than 9% following their outperformance of fiscal fourth-quarter estimates. The entertainment giant reported adjusted earnings of $1.14 per share on $22.57 billion revenue, surpassing projections.

Cisco Systems, the networking behemoth, experienced a slight dip in its stock, despite exceeding market predictions for the quarter and raising its full-year guidance. Revenue decline for the fourth straight quarter drove this downturn.

Luxury fashion stocks, Capri and Tapestry, witnessed contrasting outcomes after their merger plans fell through due to regulatory constraints. Tapestry enjoyed an 8% leap in its shares, while Capri slipped by more than 5%.

Campbell Soup saw an increase of over 1% in its shares after receiving an ‘overweight’ rating from Piper Sandler, driven by sustained growth forecast in the Rao’s brand.

BWX Technologies, a player in the nuclear fuel market, witnessed a rise of over 4% in its stock due to Bank of America’s boosted price target estimation. The estimate reflects an upward potential of 20%+, linked to a recent rally due to the rarity factor in the small modular reactor market.

Super Micro experienced a fall of over 11% in its shares, amplifying losses from the previous day, linked to a delay in its reporting for the period that concluded on Sept. 30.

Dutch semiconductor company ASML enjoyed a push of over 3% after reinforcing its 2030 goals during the 2024 Investor Day. The company projected potential revenue ranging from 44 billion to 60 billion euros.

Cashback rewards platform, Ibotta, saw a drop of nearly 20% in its stock despite outperforming Q3 estimates. The company reported earnings of 51 cents per share on $98.6 million revenue.

CNH Industrial, the agricultural equipment manufacturer, saw a boost of about 6% in its stock after David Einhorn of Greenlight Capital unveiled mid-sized stake in the company at CNBC’s Delivering Alpha conference.

Sonos, the high-end audio equipment manufacturer, saw a rise of nearly 7% following its Q4 report. The company reported a loss of 44 cents per share on $255.4 million in revenue.