NextFin News - Thursday, August 13, 2026
1) Pre-Market Performance
U.S. equity futures indicate a modestly firmer open. Dow Jones futures rose 143 points, or 0.27%, to 54,014. S&P 500 futures gained 13.8 points, or 0.18%, to 7,784.3, while Nasdaq 100 futures added 18.8 points, or 0.06%, to 29,872.0. The relatively stronger Dow contract points to early support for cyclical and value-oriented shares, while technology futures remain more restrained.
European trading was mixed. Germany's DAX advanced 113.80 points, or 0.43%, to 26,444.87, and France's CAC 40 added 11.79 points, or 0.14%, to 8,686.73. The UK's FTSE 100 lagged, declining 31.03 points, or 0.29%, to 10,802.12.
In commodities, WTI crude fell $1.18 to $82.08 per barrel and Brent crude declined $1.17 to $87.81, easing some near-term energy-cost pressure after recent volatility. Gold futures traded above $4,500 per ounce. The U.S. dollar index was broadly steady; the dollar edged down to ¥159.37 from ¥159.42, while the euro held near $1.1526.
2) Hot News
- AI earnings keep global risk appetite supported. Asian markets were led higher by chip-linked shares, with South Korea's Kospi rising 3.6% as Samsung Electronics gained 4.9% and SK Hynix climbed 9.0%. The move underscores continued demand for companies with direct exposure to AI compute, memory, and data-center spending.
- Oil pulls back after a volatile run. Brent and WTI crude both declined by more than $1 per barrel in early trading. Lower energy prices help relieve an immediate inflation concern and offer support to transport, consumer, and industrial margins.
- European equities show a selective recovery. The DAX and CAC 40 moved higher while the FTSE 100 declined, reflecting uneven performance among energy, financial, and growth-sensitive shares. The divergence suggests investors remain selective rather than broadly risk-on.
- AI investment scrutiny remains elevated. Investors are increasingly differentiating between companies that can demonstrate revenue, margins, and customer demand from AI spending and those relying primarily on long-duration investment narratives. This is likely to keep post-earnings volatility elevated across infrastructure, networking, and cloud-related stocks.
3) U.S. Stock Focus
- Cisco Systems: Fourth-quarter beat meets a cautious share reaction. Cisco reported fiscal fourth-quarter adjusted earnings per share of $1.22, above the $1.17 consensus estimate, on revenue of $17.3 billion versus expectations near $16.85 billion. The company projected fiscal 2027 revenue of $72.2 billion to $73.4 billion and adjusted EPS of $5.05 to $5.11, but shares were down 6.01% in pre-market trading to $116.43 as investors reassessed elevated expectations for AI-networking demand.
- Cerebras Systems: Raised outlook fails to prevent a sharp pre-market decline. Cerebras raised its 2026 adjusted revenue target to $880 million to $890 million from $855 million to $865 million and lifted its gross-margin target to 41%-43% from 38%-41%. Shares nevertheless fell 18.07% to $214.70 in pre-market trading after the company reported a GAAP revenue shortfall, showing that investors remain focused on reported revenue execution and valuation discipline.
- Tapestry: Coach-led growth drives a fourth-quarter earnings beat. Tapestry reported fiscal fourth-quarter sales of $1.88 billion, up 9% year over year, while non-GAAP EPS rose 28% to $1.32. Management said first-quarter revenue growth is expected to be in the high-single digits, keeping attention on demand trends at Coach and Kate Spade as the company enters fiscal 2027.
- Pan American Silver: Quarterly results pressure shares. Pan American Silver released second-quarter results after Wednesday's close, with its earnings call scheduled for 11:00 a.m. Eastern time. Shares were down 6.97% in pre-market trading at $48.74, leaving production performance, costs, and capital-allocation commentary as the immediate catalysts.
- EnerSys: Earnings beat and dividend increase support the stock. EnerSys reported better-than-expected first-quarter fiscal 2027 results and increased its quarterly dividend. The update keeps focus on its data-center, communications, and aerospace-and-defense businesses, where demand has helped offset softer conditions in transportation-related markets.
- Applied Materials: Semiconductor-equipment results due after the bell. Applied Materials will release fiscal third-quarter results after Thursday's close and host its earnings call at 4:30 p.m. Eastern time. Investors will focus on order activity, China exposure, and management's outlook for advanced logic, memory, and AI-related wafer-fabrication spending.
- JD.com: Earnings place China consumer demand in focus. JD.com is scheduled to report quarterly results before the U.S. opening bell, with revenue expectations near $51.6 billion. The release will be closely watched for trends in Chinese discretionary demand, marketplace competition, and profitability in logistics operations.
- Coya Therapeutics: Analyst target revision supports pre-market interest. Coya Therapeutics rose 1.71% in pre-market trading to $4.77 after an analyst maintained a Buy rating and a $14 price target. The target implies substantial upside from the pre-market price, though the stock remains highly sensitive to clinical-development and financing updates.
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