Stock futures edged higher in premarket trading Friday as investors awaited the long-delayed U.S. inflation report, set to be released despite an extended government shutdown, while monitoring robust corporate earnings and developments in U.S.–China trade tensions.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
- MidWestOne Financial Group (NASDAQ:MOFG) +36% – Shares jumped after Nicolet Bankshares (NIC) agreed to acquire the company in an all-stock deal that will create one of the largest community banks in the Upper Midwest with more than $15B in assets. MOFG shareholders will receive 0.3175 shares of NIC for each MOFG share, valuing the deal at roughly $864M, or $41.37 per share, based on NIC’s recent stock price. Upon closing (expected in the first half), the combined company will have over 110 branches, with MOFG shareholders owning about 30% of the new entity. The transaction is expected to be ~37% accretive to 2026 earnings with minimal tangible book value dilution and a negligible earnback period.
- Intel (NASDAQ:INTC) +8% – Shares gained after the company delivered a stronger-than-expected Q3, with both earnings and guidance beating Wall Street estimates. Looking ahead, Intel forecasts Q4 revenue of $12.8B–$13.8B (midpoint slightly below consensus of $13.44B) and expects adjusted EPS of $0.08, in line with consensus, and gross margins of 36.5%, signaling continued progress in its turnaround efforts.
- Ford Motor (NYSE:F) +3% – Shares rose after initially dipping, as investors looked past higher costs tied to the Novelis aluminum plant fire and lowered FY2025 profit guidance, focusing instead on a solid Q3 beat. Ford said it is working with Novelis and other partners to secure replacement aluminum supply while also planning to ramp up F-150 Super Duty production by ~50,000 units to meet demand. For FY2025, the company now expects adjusted EBIT of $6B–$6.5B (down from $6.5B–$7.5B), reflecting a $1.5B–$2B headwind from the fire and $1B in tariff impacts, while adjusted free cash flow is seen at $2B–$3.5B and capex remains ~ $9B.
Biggest stock losers
- Deckers Outdoor (NYSE:DECK) -12% – Shares tumbled despite delivering a Q2 beat, as investors reacted to softer full-year guidance. The company reaffirmed confidence in its brand momentum and product innovation but projected FY sales of ~$5.35B, below the $5.5B consensus, and guided EPS of $6.30–$6.39, roughly in line with expectations. CEO Dave Powers highlighted the company’s strong consumer connection and operating model, emphasizing confidence in achieving its FY2026 outlook and capturing long-term growth opportunities.
- Newmont (NYSE:NEM) -7% – Shares dropped despite delivering Q3 earnings and revenue above expectations, as lower production kept the miner from fully benefiting from record gold prices. Adjusted EPS of $1.71 and revenue of $5.52B both topped estimates, aided by an average realized gold price of $3,539/oz, but attributable production fell 15% Y/Y to 1.42M oz due to lower grades, maintenance at key mines, and the completion of mining at Subika. All-in sustaining costs improved 2.8% to $1,566/oz as the company works to capture efficiencies following its $15B Newcrest acquisition, with full cost savings benefits expected in 2026. Newmont also flagged higher capital spending ahead to support major project developments.