Oracle $ORCL ( ▲ 7.58% ) is leading premarket laggards after dropping more than 12 percent. The software giant reported quarterly revenue that fell short of expectations, and analysts across Wall Street rushed to cut their price targets. The miss overshadowed the company’s earlier momentum from AI infrastructure deals.
Adobe $ADBE ( ▼ 0.11% ) slipped after issuing a softer outlook for fiscal 2026. The company projected earnings between 23.30 and 23.50 per share. Analysts surveyed by FactSet were looking for roughly 23.38 per share, and the tighter range signaled a more cautious path forward.
Eli Lilly $LLY ( ▲ 1.45% ) traded higher after new late stage trial results showed its next generation obesity drug, retatrutide, delivered the strongest weight loss yet while also reducing knee arthritis pain. The data reinforced Lilly’s lead in the obesity drug race and extended investor optimism around its pipeline.
Oxford Industries $OXM ( ▼ 2.32% ) tumbled more than 20 percent after weak guidance. The apparel company, which owns Tommy Bahama and Lilly Pulitzer, cut its full year earnings outlook and now expects between 2.20 and 2.40 per share. Analysts had been penciling in closer to 2.90. The company also flagged a softer current quarter, which added to the selloff.
Gemini Space Station $GEMI ( ▲ 4.72% ) surged 15 percent after securing a license to offer prediction markets to U.S. customers. The move opens a new line of business for the crypto exchange and marks a rare regulatory win for the sector.
Visa $V ( ▲ 0.65% ) traded higher after Truist named the payments giant one of its top picks for 2026. The bank highlighted Visa as a preferred quality compounder and expects the stock to benefit from steady consumer spending and global payments growth.