President Donald Trump asserted that the United States is currently leading the artificial intelligence (AI) race against China. He attributed this to the impact of tariffs and the nation's energy policies.
California, Oregon and Washington form regional vaccine alliance to counter federal guidance under Robert F. Kennedy Jr. as Florida eliminates state mandates.
While a great deal of attention has been placed on current/future Fed nominees backing Trump’s call for rate cuts, it could become a moot point if Powell resumes the easing process in a couple of weeks.
Salesforce Inc (CRM) shares slipped nearly 4.0% in post-earnings trading even though the company came in slightly ahead of consensus estimates for both earnings and revenue in Q2.
I see 3 important ranges on the chart tonight…Today’s range is trying to rotate higher…Yesterday’s range is begging for a Breakout Pullback… And that range from this afternoon… that’s where I’m looking for this Bear Trap tomorrow morning!
Wedbush analyst Dan Ives said Google and Apple could deepen their AI partnership around Gemini after Google's antitrust victory, calling the ruling a "dream scenario" that removes a major overhang for both companies.
The Trump family-backed World Liberty Financial token plunged deeper into misery on Wednesday, September 3, as investors continued to sell out after initial gains.
Alphabet’s courtroom triumph sent its shares to record highs and lifted the Nasdaq, even as labor market data hinted at cooling momentum. Investors are starting to price in possible Fed rate cuts this month.
The Japanese Yen struggles to capitalize on its recovery from a one-month trough touched against its American counterpart the previous day and oscillates in a narrow range during the Asian session on Thursday.
Autodesk delivered positive Q2 results, with the market responding strongly to better-than-expected revenue and non-GAAP earnings. Management pointed to robust demand in its architecture, engineering, construction, and manufacturing segments as key growth drivers. CEO Andrew Anagnost highlighted, “We saw strength in AECO where our customers are benefiting from sustained investment in data centers, infrastructure, and industrial buildings,” while also noting momentum from the Autodesk Store and improved billings linearity. The company credited its cloud platform, new transaction model, and disciplined cost management for margin expansion.
Best Buy’s second quarter saw revenue and non-GAAP earnings per share exceed Wall Street expectations, but the market responded negatively due to ongoing margin pressures and mixed category performance. Management credited strong sales in gaming—highlighted by the Switch 2 launch—along with computing, mobile phones, and wearables for driving growth. However, these gains were offset by continued softness in home theater, appliances, tablets, and drones. CEO Corie Barry pointed to heightened promotional activity and a shift in sales mix toward lower-margin categories as key reasons for the company’s operating margin decline.
Bath & Body Works’ Q2 results were met with a significant negative market reaction, reflecting concern over margin compression and earnings shortfall despite revenue meeting Wall Street expectations. Management cited more value-driven, cautious consumer behavior as a key theme, noting that shoppers prioritized affordability and well-being, contributing to selective purchasing patterns. CEO Daniel Heaf described the company as well positioned but acknowledged that new customer growth and engagement with younger consumers fell short of aspirations. As Heaf stated, “We have not achieved the new customer growth we aspire to, and we are not connecting deeply enough with the younger consumers who are driving growth in our industry.”
Ollie’s Q2 results reflected strong execution in new store openings and customer engagement, supported by disruption in the broader retail sector. Management highlighted accelerated unit growth and enhanced loyalty programs as primary drivers for the quarter, with the Ollie’s Army initiative boosting both membership and sales. President and CEO Eric van der Valk credited the company’s ability to capitalize on retail bankruptcies and supply chain improvements, noting, “Our model thrives on disruption. Tariffs have created uncertainty in the market, which is disruptive. This has resulted in additional buying opportunities.” Demand for staples and seasonal products, paired with operational efficiencies, contributed meaningfully to quarterly performance.
Ulta delivered a well-received second quarter, surpassing Wall Street’s expectations on both revenue and earnings. Management attributed this outperformance to robust growth in core categories, effective promotional strategies, and the ongoing traction of the Ulta Beauty Unleashed strategy. CEO Kecia Steelman highlighted that the company’s “comp sales growth of 6.7% was driven by balanced contribution from newness and core assortment growth,” emphasizing strong performance in fragrance, skincare, and loyalty membership expansion. Ulta also benefited from operational improvements, including lower inventory shrink and enhanced in-store execution, which contributed to improved margins and guest satisfaction.
Marvell Technology's second quarter results were met with a negative market reaction, reflecting concerns about the company's near-term growth trajectory. While management highlighted robust year-over-year revenue growth, driven primarily by continued AI demand in the data center segment and a rebound in enterprise networking, investors focused on the challenges ahead. CEO Matthew Murphy noted, “Our data center end market continued its strong momentum, growing 69% year-over-year, fueled by robust AI demand.” However, management also pointed to the lumpiness in custom silicon revenue and a non-linear growth pattern, signaling some near-term volatility in the business mix.
EV charging solutions provider ChargePoint Holdings (NYSE:CHPT) beat Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 9.2% year on year to $98.59 million. On the other hand, next quarter’s revenue guidance of $95 million was less impressive, coming in 11.5% below analysts’ estimates. Its GAAP loss of $2.85 per share was 27.3% below analysts’ consensus estimates.
Elastic’s second quarter was marked by positive momentum, with revenue growth and profitability surpassing Wall Street expectations. Management cited robust demand for its search AI platform as a major driver, highlighting increased adoption from both enterprise and public sector customers. CEO Ashutosh Kulkarni pointed to successful platform consolidation and a surge in generative AI workloads as key contributors to the quarter’s strength, stating, “Our growth was supported by the ongoing demand for our highly differentiated search AI platform and our sales team's solid execution.”
Dollar General’s second quarter was defined by broad-based sales growth across both new and mature stores, with management pointing to increased market share in consumables and non-consumables as key contributors. CEO Todd Vasos highlighted that balanced growth in customer traffic and average basket size, along with improved execution in store operations, drove these results. Notably, the company achieved positive same-store sales in all major product categories, a sign of effective merchandising and value positioning. Management also credited ongoing efforts to enhance its value proposition, particularly the expansion of products priced at or below $1, as resonating with customers across all income brackets.
Lucky Strike’s second quarter results were met with a negative market reaction, reflecting investor concern around a mix of strong revenue growth and persistent bottom-line challenges. Management attributed revenue gains to the success of seasonal pass offerings, expanded food and beverage options, and the integration of new water park and family entertainment center acquisitions. CEO Thomas Shannon noted that same-store sales improved sequentially through the quarter, with July turning positive, but softness in California and event business declines weighed on overall comparable store performance. Management acknowledged that higher marketing spend and recent acquisitions were strategic responses to these pressures.
Gap’s second quarter results reflected steady execution of its brand reinvigoration strategy, with management crediting progress at Old Navy, Gap, and Banana Republic for driving 1% same-store sales growth despite a challenging environment. CEO Richard Dickson pointed to “greater discipline” and targeted category investments, especially in denim and activewear, as key factors sustaining performance. Although Athleta underperformed, management emphasized that rigorous cost controls helped preserve margins even as certain product segments required heavier discounting.
Malibu Boats experienced a challenging second quarter, as reflected by a significant negative market reaction following its earnings release. While the company surpassed Wall Street’s revenue expectations, management cited persistent macroeconomic uncertainty and elevated dealer inventory as primary obstacles. CEO Steven Menneto described the retail environment as "difficult" and highlighted that both consumer sentiment and ongoing trade policy changes contributed to a softer industry backdrop. Management acknowledged that its proactive inventory adjustments in prior periods provided some buffer, but noted continued discipline is needed to maintain dealer health going forward.
Dick’s delivered solid Q2 results, with revenue and GAAP earnings per share both exceeding Wall Street’s expectations. However, the market responded negatively, reflecting concerns about margin pressure and the company’s slightly lowered full-year revenue outlook. Management pointed to broad-based growth across key categories, increased customer engagement, and continued momentum in its omnichannel business as main drivers of the quarter. CEO Lauren Hobart highlighted that both average transaction size and frequency grew, and Dick’s continued to gain market share from online-only and omnichannel retailers. Hobart noted, “Our sustained momentum is powered by our compelling omnichannel athlete experience, differentiated product assortment, and our ability to create deep engagement with the Dick’s brand.”
Affirm’s second quarter results were met with a significant positive market reaction, reflecting the company’s strong year-over-year revenue growth and improved profitability. Management attributed the performance to robust consumer demand for Affirm’s buy now, pay later services and the increasing adoption of 0% APR offerings by merchants. CEO Max Levchin highlighted that growth in gross merchandise volume was supported by both repeat usage and a broadening merchant base, noting, “We are firing on all pistons,” and pointing to the increased role of 0% APR loans in driving new customer acquisition and engagement.
SentinelOne’s second quarter was marked by accelerated growth and positive market response, underpinned by broad-based customer adoption and a significant milestone in annual recurring revenue. Management highlighted that both new customer acquisitions and expansion within existing accounts fueled net new annual recurring revenue, aided by robust demand for AI-powered solutions and the new Flex licensing model. CEO Tomer Weingarten noted that “results underscore our stronger competitive position and growing product differentiation,” pointing to rapid adoption of SentinelOne’s AI and data offerings as key contributors. Notably, the company’s performance was evenly split between new logos and expansion, reflecting a balanced growth strategy.
Victoria’s Secret entered the second quarter with operational changes and a renewed brand strategy, but the market responded negatively despite results that exceeded Wall Street’s revenue and profit expectations. Management pointed to ongoing improvements in store traffic and a shift towards higher-quality, regular-priced sales as key drivers. CEO Hillary Super highlighted the success of product launches like Body by Victoria and new marketing approaches, stating, “Momentum in the second quarter grew steadily as the quarter progressed, culminating in July, which was our strongest month of the quarter in terms of sales and new customer growth.”
