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Stock futures inched lower during the premarket hours of Friday, while oil prices surged amid escalating tensions in the Middle East.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
- RH (NYSE:RH) +20% – Shares soared despite mixed FQ1 results, as the company laid out strategic plans to offset U.S. import tariffs. RH aims to reduce China sourcing from 16% to just 2%, with vendors absorbing a meaningful portion of the costs. The recently announced Liberation Day tariffs are expected to impact Q2 revenue by ~6 points, though the shortfall is expected to recover in H2. FQ2 revenue is forecasted at $896M–$913M, below the $916M estimate, with adjusted operating margin projected at 15%–16%. For FY2026, RH expects 10%–13% revenue growth ($3.5B–$3.6B), margins of 14%–15% (adjusted op.) and 20%–21% (EBITDA), and free cash flow of $250M–$350M. RH said it’s confident navigating any market conditions despite lingering tariff uncertainty.
Biggest stock losers
- Adobe (NASDAQ:ADBE) -2.3% – Shares dipped even as the company raised its annual guidance following better-than-expected FQ2 results, driven by strong AI-fueled demand in its digital media segment. For Q3, Adobe guided adjusted EPS of $5.15–$5.20 (vs. $5.11 est.) and revenue of $5.875B–$5.925B (midpoint: $5.9B vs. $5.88B est.). For FY2025, Adobe now sees adjusted EPS of $20.50–$20.70 (vs. $20.36 est.) on revenue of $23.50B–$23.60B (vs. $23.45B est.), up from a prior EPS range of $20.20–$20.50 and revenue of $23.30B–$23.55B. Digital media revenue outlook was also raised to $17.45B–$17.50B from the prior view of $17.25B to $17.40B.
- Hut 8 (NASDAQ:HUT) -3% – Crypto-linked stocks fell as Bitcoin (BTC-USD) and other major cryptocurrencies declined following Israel’s airstrikes on Iran, a major escalation in Middle East tensions. Bitcoin briefly dropped below $103,000 before paring losses, last trading around $105,693, per Bloomberg data. Among other notable decliners, MicroStrategy (NASDAQ:MSTR), Coinbase (NASDAQ:COIN), MARA Holdings (NASDAQ:MARA), Cleanspark (NASDAQ:CLSK), Riot Platforms (NASDAQ:RIOT), Hive Digital Technologies (NASDAQ:HIVE), and Bitfarms (NASDAQ:BITF) were all down over 2%.