Morning Movers is part of our daily live blog, Stock Market Today. To seee today’s (Aug. 12) edition, click here. 

The stock market is open for the day. Atop this morning’s movers are a number of companies which just reported earnings. Here’s what to keep an eye on this A.M:

Sea

Singapore’s Sea Ltd  (SE)  (+14%) is se-oaring to start the day after strong earnings. Per a filing, Total GAAP Q2 revenue rose 38.2%, while net income rose by nearly 4x.

Sea Ltd (1m chart) from market close on Aug. 11 to Aug. 12 at the open

The growth was fueled by its ecommerce division (+33% YoY to $3.8 billion), fast growth from its digital financial products (+70% to $882 million), and strides from its digital entertainment (+28% to $559.1 million).

Cardinal Health

Health care services company Cardinal Health  (CAH)  (-12%) sank after dropping a mixed report; earnings beat expectations, while revenues missed. Still, the company raised its FY 2026 outlook.

Cardinal Health (1m chart) from market close on Aug. 11 to Aug. 12 at the open

They also announced a $1.9 billion deal for Solaris Health, which it referred to as “the country’s leading urology [management services organization].” They’ll add over 750 providers from the deal.

The report continues a trend of weak reports from the health care sector.

Circle

Shares of the stablecoin issuer Circle  (CRCL)  (+13%) are surging after the company announced its first earnings report as a publicly-traded company, with revenue rising 53% YoY to $658.1 million. 

Circle Internet Group (1m chart) from market close on Aug. 11 to Aug. 12 at the open

Heightened demand for USDC, which nearly doubled its circulation YoY, was credited. However, the company swung to a net loss, thanks to IPO-related costs.

The company also announced Arc, a new layer-1 blockchain powered by USDC. It plans to launch the chain, which will be based on the Ethereum Virtual Machine (EVM) to the public later this year.

On Holding

While fashion brands like Nike  (NKE)  and Lululemon  (LULU)  are sagging, On Holding  (ONON)  (+15%) is still impressing investors. The company’s sales grew 32% YoY to ₣749 million ($923 million) raising its guidance despite tariff headwinds.

On Holding (1m chart) from market close on Aug. 11 to Aug. 12 at the open

We’re adding more morning movers. Check back periodically for updates.