Biggest stock movers Thursday: CSCO, CNH, and more

Stock futures inched higher in the premarket hours of Thursday as the latest inflation data aligned with expectations, fueling speculation that the Federal Reserve may cut interest rates at its upcoming meeting.

Here are some of Thursday’s biggest stock movers:

Biggest stock gainers

• CNH Industrial (NYSE:CNH) shares surged nearly 5% after Greenlight Capital’s David Einhorn highlighted the agriculture company at the CNBC Delivering Alpha Conference on Wednesday. Einhorn revealed a “medium” position in CNH, which he recently completed, and projected the stock could double within the next few years. Despite acknowledging current low agriculture prices and a downcycle in agri equipment, which he expects may worsen, Einhorn sees value in the stock’s overlooked status. He noted that CNH offers a 3%-4% dividend, repurchases 5%-6% of its stock, carries minimal financial leverage, and could benefit from an industry upcycle by late 2025 or early 2026.

Biggest stock losers

• Zeta Global Holdings (NYSE:ZETA) shares fell 6.5% despite authorizing a new stock repurchase program of up to $100M for its Class A common stock, effective through December 31, 2026. This program adds to an existing repurchase initiative authorized in August 2022, which had $14.7M remaining as of September 30, 2024, and is set to expire on December 31, 2024. The timing, price, and amount of future repurchases will be influenced by stock price trends, economic conditions, and other relevant factors.
• Cisco (NASDAQ:CSCO) shares fell over 3% Thursday morning, despite beating 1Q25 estimates and issuing a positive outlook. For FQ2, Cisco projected sales between $13.75B and $13.95B, topping the $13.74B forecast, and adjusted earnings between $0.89 and $0.91 per share, above the $0.87 estimate. The company expects adjusted gross margins of 68%–69%, exceeding the 67.6% estimate. For FY2025, Cisco raised sales guidance to $55.3B–$56.3B, up from $55B–$56.2B, reflecting ongoing investment in AI-supportive infrastructure, vs. the consensus of $55.88B and adjusted EPS between $3.60 and $3.66, higher than both prior guidance of $3.52–$3.58 and the $3.57 consensus. “Cisco is off to a strong start to fiscal 2025,” said CEO Chuck Robbins, noting that customer investments in AI infrastructure position the company to capitalize on growth opportunities.