Check out the companies that make headlines before the bell. Nike – Sneaker giant stock jumped 10% after Nike posted its fourth quarter results that beat expectations and said it expects its profit and sales declines to ease in the future. Nike says it has already taken the biggest financial hit from its turnaround efforts, and expects tariffs to cost around $1 billion before reducing the amount before price increases and offsets to implement supply chain adjustments. HSBC upgraded Nike and bought it from Hold on the back of the results. Trade Desk – Advertising technology stocks won 4% after Evercore ISI upgrades. Analyst Mark Mahaney writes that Trade Desk ratings look attractive at the current level, but the risk-to-reward ratio has improved. Core Scientific – Bitcoin Miner stocks rose 7%. The Wall Street Journal reported Thursday that the company is in talks to be acquired by artificial intelligence player CoreWeave. The CoreWeave stocks had little change. Ayren, crypto mining, and other hybrid Bitcoin miners diversified into AI, each progressed by about 3%. Aerovironment – Defense contractor’s shares rose to 5% before the market, putting it at a pace for a fifth consecutive day of profit. Aerovironment reported its quarterly results earlier this week, bringing stocks up soaring. Each week, stocks are up 43%. Apogee Enterprises – Construction Products Company has raised 14% in quarter results that surpassed expectations. Apogee won 56 cents per share, excluding items, with revenue of $346.6 million. Analysts voted by FactSet were expecting a profit of 47 cents per share against revenue of $325.5 million. Pony.AI – Shares in the self-driving vehicle company rose nearly 2% after the New York Times reported that Uber was in talks to fund the acquisition of Pony.AI’s US subsidiary. The acquisition attempt is led by Uber co-founder and former CEO Travis Kalanick. – Reported by CNBC’s Fred Inbert, Tanaya Machell, Jesse Pound and Pia Singh.
