Nvidia, Meta, Intuit, Salesforce, Zoom, Kohl's, and More Stocks That Explain Today's Market

Dow Jones
08/26

Stock futures traded mostly lower Wednesday as the personal consumption expenditures index, or PCE, for July revealed inflation was a bit stronger than expected.

Nvidia earnings after the bell could be key in determining where the artificial-intelligence trade goes next. Investors appeared to be cautiously optimistic-shares of the the AI chip maker were down 0.3% in premarket trading after rising 2.2% in the previous session to snap a seven-day losing streak.

Intel was down 1.2% and Broadcom rose 0.2% as the market is in wait-and-see mode when it comes to chip stocks.

Meta Platforms advanced 4.7%. The company reached a settlement over a lawsuit alleging the company's social-media platforms harmed children.

Intuit fell 10% after the software company beat earnings expectations but provided a disappointing revenue outlook late Tuesday. It expects revenue growth between 9% and 10% this year, down from 14% last year. CEO Sasan Goodarzi told Barron's the company was focused on gaining market share in the competitive AI software environment.

ServiceNow, Adobe, and Atlassian all down more than 2%. Salesforce, which reports earnings after the close, declined 2.5% and Palantir was also down 1.1%.

Software stocks likely will remain in focus with Salesforce, Okta, CrowdStrike, and Nutanix set to report earnings after the close of trading.

Boston Scientific dropped 5.8%. The company in a regulatory filing said it had identified a cybersecurity incident affecting its information technology systems which resulted in a global disruption to operations.

Banking software maker nCino declined 4.7% after the company's revenue outlook disappointed investors following its earnings Tuesday.

Zoom Communications fell 6.3% even as the company posted a solid earnings report. The video-calling platform beat analysts' expectations but failed to give any update on the valuation of its stake in AI start-up Anthropic.

Crypto-exposed stocks were cooling off after a hot recent run as Bitcoin dropped to around $78,316 from highs of close to $81,000 earlier this week. Strategy and Coinbase Global were both down 1.7%. Robinhood Markets declined 1.6%.

Abercrombie & Fitch rose 12% after the clothing retailer's fiscal second-quarter earnings and profit outlook came in above expectations even as sale-store sales remained under pressure.

Kohl's fell 7%. The retailer reported better-than-expected quarterly profit, but net sales fell and comparable sales also declined. Kohl's also raised its fiscal-year outlook to reflect the impact of roughly $150 million in tariff refunds received in the second quarter.

 

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10