Biggest S&P 500 Movers on Thursday

Decliners

• Dollar General (DG) shares plummeted 32.2%, racking up the steepest loss of any S&P 500 stock. The discount retailer's stock plunged after its second-quarter 澳洲幸运5开奖号码历史查询:sales and profits fell short of analysts' expectations. The company attributed its soft sales performance to financial constraints faced by its customers but highlighted initiatives to enhance the value and convenience of its stores. Shares of competitor Dollar Tree (DLTR) fell 10.2% on the day.
• Shares of data storage provider NetApp (NTAP) sank 9.6% following the company's quarterly earnings release. Although sales and profits for the period exceeded forecasts, driven by strength in NetApp's all-flash memory arrays, the company noted continued headwinds related to customers limiting their spending on storage and other IT investments amid an uncertain macroeconomic environment.
• Nvidia shares fell 6.4% on the day. Similar to NetApp, the AI chip giant reported better-than-expected results for the recent quarter, but a slowdown in the pace of growth raised questions about whether the stock can sustain its explosive trajectory.

Advancers

• The top daily performance in the S&P 500 belonged to shares of Best Buy (BBY), which surged 14.1% after the electronics retailer reported 澳洲幸运5开奖号码历史查询:better-than-expe🔯cted revenue and net income for the second quarter. Although 澳洲幸运5开奖号码历史查询:comparable store sales slipped year over year, Best Buy highlighted sales growth in tablets and computers in the quarter. The company said it expects "uneven" consumer behavior to remain yet still boosted its full-year profit forecast.
• Medical device maker Cooper Companies (COO) also topped sales and profit forecasts with its quarterly results while increasing its annual outlook, and its shares jumped 11.8%. Cooper pointed to market share gains in contact lenses, where it expects strong demand to continue, as well as firmness in its fertility and surgical businesses.
• Shares of West Pharmaceutical Service (WST), a maker of injectable pharmaceutical packaging and delivery systems, added 5.8% on Thursday. West Pharma shares plunged in late July after the company lowered its full-year sales and profit forecasts, citing lower demand for its products as biotech customers worked through existing inventories, but the stock has been trending higher since then.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

GE Vernova Stock Hits New High on AI Demand Optimism

GE Vernova (GEV) shares jumped Thursday to their all-time high after William Blair analyst Jed Dorsheimer initiated coverage of the power-generation equipment and services company with an "outperform" rating, citing the demand for energy to run AI products.

Dorsheimer wrote in a note to clients Thursday that “the reality behind AI” is that 澳洲幸运5开奖号码历史查询:natural gas an💮d gas turbine power are “underappreciated.”

He added that renewable energy sources aren’t capable of producing the electricity needed to supply the grid for this burgeoning demand, and that natural gas is the “pragmatic” answer. He said his firm believes 澳洲幸运5开奖号码历史查询:GE Vernova “is best positioned to benefit as the energy sector reverts back to pragmatism and quietly walks back from the 100% green idealism.” 

Dorsheimer said in the research report that 𒊎using two ways to analyze the valuation, GE Vernova’s share price should be $216.

Shares of GE Vernova, which was 澳洲幸运5开奖号码历史查询:created in April when the old General Electric divided into three separate companies, gained 4% on Thursday to cꦉlose at $191.36,♈ after moving as high as $195.68 during the session.

-澳洲幸运5开奖号码历史查询:Bill McColl

S&P 500, Dow on Pace for Monthly Gains

Major stock indexes are coming to the end of an eventful and volatiꦿle month꧂ at about the same place they started.

Heading into the final trading session in August, the S&P 500 and Dow Jones 🌞Industrial Average are up 1.3% and 1.2% respectively, for the month. The Nasdaq Composite is down 0.5%.

Affirm Jumps 30% on Strong Earnings

Affirm Holdings (AFRM) shares soared more than 30% Thursday after the 澳洲幸运5开奖号码历史查询:buy now, pay later (BNPL) fintech company posted better-than-expected fiscal fo🌳urth-quarter results and strong guidance after the bell ☂Wednesday.

Revenue jumped 48% year-over-year to $659 million in the period, while the company’s loss narrowed to $45 million, or 14 cents per share, from $206 million, or 69 cents per share, a year earlier. Both the top and bottom line figures beat analysts' expectations. 澳洲幸运5开奖号码历史查询:Gross merchandise volume (GMV), the 🐈total value of transactions on෴ the Affirm platform, rose 32% to $7.2 billion. 

CEO Max Levchin said Affirm exp✅ects to be profitable on a GAAP basis in its fiscal fourth quarter of 2025. 

“The path to reaching any profitability goal is simply more transactions,” Levchin said. “Fortunately, we s𒉰ee no shortage of demand for the honest financial products Affirm builds and the transactions these products enable.”

Analysts at B🎃ank of America were bullis💜h, raising their price target to $42 from $36 following the results.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Analysts More Bullish on Nvidia After Earnings

Wall Street analysts are more bullish on Nvidia after 澳洲幸运5开奖号码历史查询:its latest earnings than they were before them. 

Visible Alpha tracks 23 analysts following the chip giant’s stock. As of 澳洲幸运5开奖号码历史查询:late Tuesday, ahead of the highly anticipated release of the quarterly report, 21 had buy 🔯or equivalent ratings on the shares; as of today, that’s at 22. 

And the mean price target is now $151.73, implying a 21% premium to Wednesday’s close. That’s up fro༒m a $141.69 mean before the results landed. 

Nvidia reported strong numb𒅌ers late yesterday, though the shares are falling today amid concerns that the re✅d-hot company’s growth may be slowing. 

Still, several analysts 澳洲幸运5开奖号码历史查询:reiterated bullish calls&nbs🧸p;on the stock today, with some raising price targets.

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

Best Buy Shares Jump After Earnings

Best Buy (BBY) shares surged Thursday, reaching their highest point in more than two years, after its second-quarter earnings s🍌urpassed estimates and and the company said it expects to be more profitable than expected for the full fiscal year despite declining sales projections.

The electronics retailer posted better-than-expected 澳洲幸运5开奖号码历史查询:net income of $291 million on total revenue of $9.29 billion, which narrowly beat estimates. CEO Corie Barry said the company saw encouraging growth in the sales of tablets and computers in the quarter, though 澳洲幸运5开奖号码历史查询:comparable store sales declined more than 2% year over year.

Best Buy 澳洲幸运5开奖号码历史查询:updated its outlook for the full fiscal year Thursday, with total revenue projected between $41.3 bi💮llion to $41.9 billion, a lower top end than the previous projection of $42.6 billion.

Despite the narrowed revenue range and an updated comparable sales projection of a 1.5% to 3% decline compared to potentially flat to down 3% previously, Best Buy expects adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $6.10 to $6.35, up from an earlieꦑr range of $5.75 to $6🥀.20.

Best Buy shares were up 15% in recent trading.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Dollar General Plunges 30%

Dollar General (DG) shares tumbled Thursday morning after 澳洲幸运5开奖号码历史查询:the discount retailer reported weaker-than-expected earnings for the second quarter lowered its projections fo🌱r full-year reꦺvenue.

The stock was down 30% in recent trading and was by far the biggest decliner in the S&P 500. Shares are trad🍰ing at their lowest levels in more than six ye✱ars.

Dollar General reported $10.21 billion in revenue for the second quarter, up 4% from the same time last year but below analysts' estimates as 澳洲幸运5开奖号码历史查询:same store sales rose just 0.5%. Dollar General also missed profit projections, with 澳洲幸运5开奖号码历史查询:net income down ♏20% year-over-year at $374.19 million.

Dollar General CEO Todd Vasos said the company believes the "softer sales trends" it's experiencing can be partially explained by a "core customer who feels financially constrained." He said the company is taking "decisive action" to improve Dollar General's va𝄹lue and convenience for customers.

The company lowered its outlook for the full fiscal year, projecting revenue growth of between 4.7% to 5.3%, down from a previous range of 6% to 6.7%, while same-store sales are expected to grow 1% to 1.6%, down from 2% to 2.7% previously.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Salesforce Price Levels to Watch Amid Post-Earnings Pop

Salesforce shares (CRM) rose in early trading Thursday after the enterprise software company reported better-than-expected 澳洲幸运5开奖号码历史查询:second-quarter results and𝐆 boosted its full year profi𒀰t outlook, as customers increased spending on its suite of cloud products.

The post-earnings move highe𝓡r positions the stock for a decisive breakout above the top trendline of a symmetrical triangle, potentially marking the start of a new trend higher.

Amid po🍰st-earnings buying in Salesforce shares, investors should monitor important o♔verhead chart levels at $287, $311, and $340.

Read our full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Major Indexes Poised to Open Higher

Futures tied to the Dow 😼Jones Industrial Average were up 0༒.7%.

S&P 500 futures were up 0.3%.

Nasdaq 100 futures were up 0.2%.