Morning Movers: On Holding and Circle Internet jump following earnings

Stock futures gained this morning after headline CPI rose 0.2% in July and the core increased 0.3%, exactly as forecast.

Markets remain trading near highs, supported by earnings and AI optimism, while trade, inflation, and jobs data remain major catalysts.

In pre-market trading, S&P 500 futures rose 0.41%, Nasdaq futures rose 0.45% and Dow futures rose 0.46%

Check out this morning’s top movers from around Wall Street, compiled by The Fly, and subscribe to the morning Fly By on YouTube.

 

HIGHER –

• Hanesbrands (HBI) up 37% after Financial Times reported Gildan Activewear (GIL) is close to a takeover deal, potentially valuing the U.S. company at about $5B, including debt
• Intel (INTC) up 3% after President Donald Trump said his meeting with CEO Lip-Bu Tan was “a very interesting one”

UP AFTER EARNINGS –

• On Holding (ONON) up 16%
• Circle Internet (CRCL) up 10%
• Pony AI (PONY) up 6%
• eToro (ETOR) up 5%
• Tencent Music (TME) up 1%
• AST SpaceMobile (ASTS) up 12%

DOWN AFTER EARNINGS –

• Cardinal Health (CAH) down 5%
• PubMatic (PUBM) down 30%

LOWER –

• Spirit Airlines (FLYY) down 6% after warning of going concern doubts following emergence from bankruptcy