Shares of online home goods retailer Wayfair (NYSE:W)
jumped 11.9% in the afternoon session after the company reported strong second-quarter financial results that surpassed analyst expectations for both sales and profit. The online home goods retailer announced revenues of $3.3 billion, a 5% increase from the prior year that beat the consensus estimate of $3.1 billion. The company also posted adjusted earnings of 87 cents per share, which significantly outpaced the 33 cents that analysts predicted. These results marked Wayfair's highest revenue growth and profitability since 2021, suggesting a potential recovery in the furniture market and a successful period for the company.
Shares of streaming TV platform Roku (NASDAQ: ROKU)
jumped 6.7% in the afternoon session after a wave of positive analyst ratings followed the company's strong second-quarter earnings report. The positive sentiment from Wall Street came after Roku reported impressive second-quarter results late last week. The streaming company posted revenue of $1.11 billion and a surprise profit of $0.07 per share, which beat consensus estimates that had called for a loss. In response to the strong performance and an upgraded forecast, several investment firms, including Wedbush and Wells Fargo, boosted their price targets on the stock.
The financials sector has been strong all year, and with interest rate cuts on the table later this year, investors looking for exposure can turn to this ETF.
KeyCorp (NYSE: KEY) has recently experienced a notable dip in its share price, reflecting a broader retreat across the banking sector. This downturn signals a period of heightened caution among investors, as the financial industry grapples with a confluence of factors ranging from evolving interest rate expectations to shifting market
SoFi Technologies (NASDAQ: SOFI) delivered a robust performance in its second quarter of 2025, reporting record revenues, continued profitability, and impressive user growth. The fintech giant's strong earnings initially sent its stock soaring, signaling investor confidence in its diversified financial services model. However, the enthusiasm was tempered by the announcement
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
According to a Bloomberg News report, Trump already met JPMorgan Chase & Co. CEO Jamie Dimon last week at the White House, followed by talks with Goldman Sachs CEO David Solomon on Thursday.
Shares of online payroll and human resource software provider Dayforce (NYSE:DAY)
fell 4.5% in the morning session after an analyst downgrade from Wells Fargo and multiple price target cuts from other firms fueled investor concerns. Wells Fargo lowered its rating on the stock to 'underweight' from 'equal weight' and slashed its price target to $50 from $60. The move reflected a broader pessimistic turn among analysts, as Mizuho, Piper Sandler, and Barclays also reduced their price targets. Compounding the bearish sentiment were recent instances of insider selling.
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 9.1% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations and raised its full-year financial outlook. The electronic design automation (EDA) company, which provides software and hardware for designing semiconductors, posted second-quarter adjusted earnings of $1.65 per share on revenue of $1.28 billion. This revenue figure represented a 20% increase year-over-year, and both metrics beat analyst forecasts. The strong performance was attributed to high demand from the artificial intelligence, high-performance computing, and automotive sectors. This result came despite Cadence disclosing a one-time charge of $140.6 million to settle legal proceedings with the U.S. government over its business operations in China. Investors appeared to focus on the strong results, as the company also increased its 2025 revenue forecast to a range of $5.21 billion to $5.27 billion and its adjusted EPS guidance to between $6.85 and $6.95. Following the news, analysts at firms including J.P. Morgan and Wells Fargo raised their price targets.
Barclays PLC, one of the most influential financial institutions in the world today, traces its origins back over three centuries to the coffee houses and counting houses of London. From its modest beginnings as a Quaker-led partnership to becoming a pillar of international banking, Barclays has evolved through mergers, innovations,
Shares of health coverage company Centene (NYSE:CNC)
fell 3.3% in the morning session after JPMorgan cut its price target on the managed care company to $30 from $48. This move by JPMorgan followed Centene's recent second-quarter earnings report, where the company posted a loss of $0.16 per share, missing analyst estimates. The poor results were largely attributed to a significant reduction in the company's net 2025 Marketplace risk adjustment revenue transfer estimate, an issue that first came to light when Centene withdrew its full-year guidance on July 1st. The company's performance prompted a series of downgrades from Wall Street, with firms like UBS, Wells Fargo, and Morgan Stanley also cutting their price targets, signaling widespread concern over the company's ability to restore its earnings trajectory.
