Stock futures were slightly higher early Friday, with investors positioning ahead of crucial monthly employment data and a potential White House ruling on aggressive import tariffs.
Here are some of Friday’s biggest stock movers:
Biggest stock gainers
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Tilray Brands (TLRY) +8% – Shares rose after reporting FQ2 2026 results that topped revenue expectations, marking its highest quarterly revenue on record. Cannabis revenue rose 3%, while international cannabis sales surged 36% Y/Y, helping drive the beat. The company reaffirmed its full-year adjusted EBITDA guidance and said the U.S. push toward marijuana rescheduling, recently directed by President Trump, could open the door for expanded opportunities in medical cannabis.
Biggest stock losers
- AXT (AXTI) -12% – Shares dropped after the semiconductor wafer maker cut its Q4 2025 revenue outlook to $22.5M–$23.5M, well below the prior $27M–$30M range and the $28.77M consensus. The company cited fewer-than-expected export control permits for indium phosphide from China’s Ministry of Commerce. CEO Morris Young said they are working to secure additional permits in early 2026 and remain on track to more than double indium phosphide capacity in the second half of the year. He added that the recent capital raise will support further capacity expansion amid strong long-term data center demand.
- Olin (OLN) -12% – Shares dipped after the company cut its Q4 adjusted EBITDA outlook to ~$67M, sharply below the prior $110M–$130M range and missing the Street’s expectations. CEO Ken Lane said results were hurt late in the quarter by a steep decline in chlorine demand and operational disruptions at the company’s Freeport, Texas, facility due to a planned turnaround and a third-party raw-material supply interruption. He noted that the site is now back to normal operations and emphasized the company’s continued focus on safety, cost reductions, and a disciplined value-first commercial strategy.