Stock futures showed a mixed performance early Tuesday as investors positioned ahead of major tech earnings and the Federal Reserve’s upcoming rate decision later this week.
Here are some of Tuesday’s biggest stock movers:
Biggest stock gainers
- Salesforce (CRM) +2% – Shares gained after its Computable Insights unit won a $5.6B, 10-year IDIQ contract to modernize U.S. military operations with cloud tools, AI, and data analytics. The deal, which includes a five-year base period plus a five-year option, positions Salesforce as a key tech partner for the Department of War, with completion estimated by June 2035. Analysts said the shift to a unified IDIQ framework signals the Army’s move from buying software to driving large-scale, outcome-based modernization.
- Zoom Communications (ZM) +1% – Shares rose after Baird drew attention to the company’s under-the-radar $51M stake in Anthropic, calling it a “hidden gem” that could add meaningful value as AI adoption accelerates. Analyst William Power, who reiterated an Outperform and a $95 price target, noted that while investors remain focused on Zoom’s efforts to reaccelerate revenue and expand its AI offerings, its early investment in the maker of the Claude models provides an additional upside lever.
Biggest stock losers
- Humana (HUM) -12%, UnitedHealth (UNH) -8%, and CVS Health (CVS) -8% – Health insurers slumped after the Trump administration proposed nearly flat 2027 Medicare Advantage reimbursement rates, with payments set to rise just 0.09% (~$700M) versus the 4%–6% increase analysts had expected. CMS said that when factoring in risk-score trends tied to coding and population shifts, payments would effectively rise 2.54%, but the headline rate still marked a significant disappointment for the sector.
- Sanmina (SANM) -8% – Shares tumbled after the electronics manufacturer issued quarterly sales guidance that came in well short of Wall Street expectations, overshadowing upbeat FQ1 results. For FQ2, the San Jose-based company is projecting revenue of $3.1B–$3.4B, with the $3.25B midpoint lagging the $3.51B consensus. EPS guidance of $2.25–$2.55 came in stronger, with the $2.40 midpoint topping the $2.27 estimate. CEO Jure Sola highlighted momentum in Communications Networks and Cloud & AI Infrastructure, supported by rising demand for AI-driven hardware. He noted that the ZT Systems integration is progressing as planned and reaffirmed the company’s focus on cash generation, margin discipline, and long-term shareholder value.