On the edition of Stock Movers:
- Wynn Resorts (WYNN) was among the week's biggest movers. It rose this week after UBS raised its recommendation to buy from neutral, citing growing appreciation for its Al Marjan project.
- eBay (EBAY) shares fell this week as Wall Street anticipated the end of the de minimis tariff exemption. De minimis, a US trade provision dating to the 1930s, which eventually cleared the way for more than a billion small parcels each year, ended Friday. While winners and losers are emerging, the extra time, paperwork and money are gumming up the gears of global e-commerce and adding a fresh layer of confusion in President Donald Trump’s reordering of international trade. The value of goods subject to the “de minimis” tariff exemption — from Latin meaning “too small to matter” — has been $800 since 2016, very generous by global standards. The number of small packages entering the US duty-free exploded to nearly 1.4 billion last year, a 600% increase over the prior decade, according to US Customs and Border Protection. An estimated three-quarters or more came from China, with a big share from SheIn Group and Temu.
- Nvidia (NVDA) was one of Wall Street's biggest stories this week. The the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion.

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On this episode of Stock Movers:
- Kraft Heinz (KHC) shares rose after the Wall Street Journal reported it could be announcing a breakup as soon as next week.
- Dell (DELL) shares declined after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins on the powerful machines that fell short of analysts’ estimates. The need for computing to run AI tools has led to a sales boom for makers of high-powered servers like Dell, Super Micro Computer Inc. and Hewlett Packard Enterprise Co. Investors have been concerned about the profitability of AI servers, however, which depend on expensive processors from companies such as Nvidia and Advanced Micro Devices. 
- Caterpillar (CAT) shares sunk after it warned investors it now expects tariffs to have an even greater impact on its business, costing as much as near $2 billion this year. The company is one of the world’s biggest makers of machinery for mining and construction. Tariffs already took a bite out of Caterpillar’s second-quarter results, with costs coming in at the top end of its estimated range disclosed in April.

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On this episode of Stock Movers:

Alibaba ADRs (BABA) rose after the Chinese e-commerce giant reported a surge in revenue from China’s AI boom, helping offset a surprise drop in profit.

Caterpillar (CAT) shares fell after the industrial giant warned that it faces a larger-than-anticipated tariff headwind of as much as $1.8 billion this year.

Dell Technologies (DELL) shares down after the computer hardware and server company reported results that showed weakness in margins.

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On this episode of Stock Movers:

- Dell (DELL) shares fell after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates.
- Caterpillar (CAT) shares sink after the company warned investors that tariffs are now expected to have an even greater impact on its business, costing it as much as $1.8 billion this year.

- Ulta (ULTA) shares fell after the company warned of a potential pullback by consumers. This offset the company’s move to boost its comparable sales forecast for the full year.

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On this episode of Stock Movers:
- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”
- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.
- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.
- Affirm (AFRM) shares are rallying after the financial technology company reported fourth-quarter results that beat expectations and gave an outlook that is seen as strong.

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On this episode of Stock Movers:
- Autodesk (ADSK) is soaring after the software company reported second-quarter results that beat expectations and raised its full-year forecast on key metrics. Citi's research team wrote "this was “one of the strongest revenue/billings beat in years,” and reflects “signs of reaccelerating growth and faster profitability expansion.”
- Dell Technologies (DELL) is lower despite beating estimates after the company booked fewer sales of artificial intelligence servers than in the previous three months and reported profit margins that fell short of analysts’ estimates. Dell booked $5.6 billion of AI server orders in the fiscal second quarter, which ended Aug. 1, down from $12.1 billion in the previous period, and the operating margin in Dell’s infrastructure unit was 8.8%, lower than analysts’ estimates of 10.3%.
- Caterpillar (CAT) is lower after the industrial giant warned that it faces a larger-than-previously-anticipated tariff headwind. It now expects additional clarifications and tariffs announced since its second-quarter earnings release will have a net impact of about $500m to $600m for the third quarter, and about $1.5b to $1.8b for 2025.
- Petco (WOOF) is higher this morning after the US pet food maker gave 3Q guidance that topped expectations and nudged up its outlook for 2026.

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On this episode of Stock Movers:

- Dell Technologies (DELL) boosted its annual outlook and posted quarterly sales and profit that topped analysts’ estimates, driven by strong demand for artificial intelligence servers. The company raised its annual sales projection to about $107 billion and earnings to about $9.55 a share, and said it shipped $8.2 billion worth of AI servers in the fiscal second quarter. Dell's PC business struggled in the quarter, with sales increasing just 1% to $12.5 billion, while revenue from the infrastructure group rose 44% fueled by a 69% jump in servers and networking. The shares gained about 3% in extended trading after closing at $134.05 in New York. The stock has risen 16% this year.

- Petco (WOOF) surged as much as 31% after raising its earnings targets for the year as the company’s turnaround starts showing signs of progress. Petco brought in Chief Executive Officer Joel Anderson after reporting its first annual net loss as a public company, tasking him with a mandate to reinvigorate the struggling pet retailer. Thus far, the his efforts have focused on revamping stores — as well as closing underperforming locations — reworking inventory and adding staff alongside investments in high growth areas like animal pharmacies and grooming. 

- Best Buy (BBY) shares fell as much as 6.6%, the most intraday in nearly three months, after the retailer of consumer electronics and appliances reported second-quarter results and reiterated its 2026 forecast. During the conference call, the company said it expects continued gross profit pressures in the back half of the year, while noting that consumers remain cautious about big-ticket purchases.

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- Data Dog (DDOG) rose along with shares of other software companies, following positive results from both MongoDB and Okta. The stock joined the S&P 500 in early July.

- Hormel Foods (HRL) falls 13%, the most intraday since 2008, after the maker of Spam and deli meats posted a third quarter profit that missed estimates and cut year guidance.
“The steep rise in commodity input costs affecting our industry was the largest contributor to our shortfall,” interim CEO Jeffrey Ettinger said in the release. During the earnings call, Ettinger said the company is taking “targeted” pricing actions. He expects profit recovery to lag into next year, with the near-term pressures persisting through the fourth quarter

- Bath & Body Works (BBWI) slumped as much as 10% on Thursday, its worst intraday drop since April 10, after the specialty retailer of body-care products lowered the top end of its sales growth forecast range for the full year. The company also said it expects tariffs to hurt gross profits by roughly $85 million

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On this episode of Stock Movers:

- HP Inc (HP) rose after the company gave a profit outlook for the current quarter that was in line with expectations, but investors remain concerned about the impact of economic uncertainty and higher costs tied to President Donald Trump’s trade policies.
- Best Buy (BBY) shares drop after the company reaffirmed its full-year financial guidance due to the uncertainty of potential tariff impacts on consumers and its business.
- Dollar General Corp. (DG) rose after the company reported stronger-than-expected sales and raised its forecast, adding to signals that US shoppers are still willing to spend on items they see as good value.

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On this episode of Stock Movers:
- Nvidia (NVDA) shares rose after the company gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate but lower than some analysts' projections.
- CrowdStrike (CRWD) shares fell after the company reported strong results but narrowly missed analysts' estimates for sales in the current quarter, with sales for the third quarter expected to be as much as $1.22 billion.
- Best Buy (BBY) shares drop after the company reaffirmed its full-year financial guidance due to the uncertainty of potential tariff impacts on consumers and its business.

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