Stock futures dipped modestly in early Thursday trade, as market participants braced for key U.S. employment data later in the week and weighed persistent geopolitical tensions.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainers
- Globus Medical (GMED) +9% – Shares jumped after the company projected Q4 2025 sales of about $823.2M, up 25.2% Y/Y and ahead of the $784.91M consensus. It also issued a strong FY2026 revenue outlook of $3.18B–$3.22B vs. $3.12B expected, alongside non-GAAP EPS guidance of $4.30–$4.40, topping the $4.12 estimate. For 2025, the company expects sales of roughly $2.936B, slightly above the $2.90B consensus and representing 16.5% Y/Y growth on an as-reported basis.
- Lockheed Martin (LMT) +7% – Defense stocks rallied following a late-session Truth Social post from President Donald Trump proposing a record $1.5T defense budget for FY2027, well above the earlier $1T figure. Trump said the decision came after extensive negotiations with lawmakers and officials, arguing the increased spending would help build a “Dream Military” to keep the country safe. He also suggested tariff revenues could help fund the expansion, reduce debt, and provide dividends to moderate-income Americans. The surge lifted peers as well, with Northrop Grumman (NOC) up 6%, RTX (RTX) gaining 5%, and General Dynamics (GD) advancing 4%.
Biggest stock losers
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Canadian Solar (CSIQ) -6% – Shares slipped after announcing a $200M private offering of convertible senior notes due 2031, with an option for initial purchasers to buy an additional $30M within 13 days. The company plans to use the proceeds to expand U.S. manufacturing capacity and invest across the battery energy storage and solar value chain, as well as for working capital and other general corporate needs.