Technology
- Dell Technologies is down more than 7% as it projects lower margins.
- Marvell Technology is down nearly 14% pre market.
- Palantir Technologies is up more than 100% year to date but appears to be giving some of those gains back lately.
Retail & Consumer
- Urban Outfitters fell nearly 10.7% yesterday as it also projected lower margins going forward.
- DICK’S Sporting Goods fell nearly 5% yesterday. It reported great sales but increased pressure on margins. “DKS Q2 Deep Dive: Strong Sales and Market Share Gains Offset by Margin Pressures and Cautious Guidance”. StockStory.
Industrials
- Caterpillar Inc. projects a hit from tariffs of $1.8 billion this year. See Reuters. “Caterpillar falls after raising annual tariff cost forecast.”
General Earnings & Margin Trends
- While companies overall had a very good second quarter, we are seeing many companies project increasing challenges with margins and some compression of margins.
AI & Emerging Tech
- Tempus AI is up 118% year to date. As I watch how overwhelmed oncologists are and how difficult their job is to really take care of patients with challenging diagnoses and the overload of information out there, companies like Tempus fill a huge need.
- Astera Labs rose more than 5% yesterday.