🌟 AE loves the spotlight

Good evening. Did you know Nvidia makes up about 8% of the S&P 500—and has beaten expectations in 11 of the past 12 quarters? When Nvidia moves, the market moves. It reported earnings after the bell, so we’ll break it down for you tomorrow.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎37.96% MongoDB

🔔 Earnings report - The database software maker found some momentum. Revenue jumped 24% from last year, with its cloud service Atlas up 29%. In the first half of the year, over 5,000 new customers signed on (the largest increase in its history) and many are building AI applications. Of course, the outlook for the year was bumped up. [Read more]

⬆︎24.00% Kohl’s

🔔 Earnings report - After cutting costs and refreshing its product lineup, shoppers are back and the mid-tier department store beat profit expectations. Demand was strong for Levi’s denim, footwear, and back-to-school items. Kohl’s has been closing underperforming stores, pushing more private-label products to stay affordable, and gaining a lift from its Sephora partnership, now in all 1,100 locations. [Read more]

⬆︎16.19% Canada Goose

The luxury winter jackets company could go private again. Its biggest shareholder Bain Capital is offering to sell its stake, with bids already valuing the company at about $1.35 billion (18% premium to yesterday’s closing price). Bain, which first took control back in 2013 for around $250 million, is waiting for more offers before making a decision. [Read more]

⬆︎8.54% American Eagle

A knack for keeping its brand in the spotlight. The teen-focused clothing retailer just launched a limited-edition collection with NFL star Travis Kelce called “AE x Tru Kolors by Travis Kelce,” timed just a day after his engagement to Taylor Swift went viral. It follows the recent controversial ad campaign with Sydney Sweeney. [Read more]

⬆︎8.01% Cracker Barrel

Regulars spoke, Cracker Barrel listened. After a wave of backlash over its new minimalist logo that cut out the classic “Old Timer” character, the Southern comfort restaurant chain said it’s bringing the old design back after hearing from customers. Even Trump got involved: he pushed for the change and is now applauding the move. [Read more]

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Market data: today’s market close

IN PARTNERSHIP WITH PACASO

Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs behind Uber and eBay also backed Pacaso. They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

LOSERS

⬇︎4.44% J.M. Smucker

🔔 Earnings report - Tariffs are leaving a bitter taste. The food company behind Jif peanut butter and Hostess snacks swung to a quarterly loss as the 50% tariffs on Brazilian coffee took a toll on its biggest business (coffee profits dropped 22%). It still raised its full-year revenue outlook to 3%–5% growth while keeping earnings guidance unchanged. [Read more]

⬇︎4.89% SBA Communications

The wireless tower operator got downgraded by BofA Securities, cutting its price target from $260 to $230. AT&T’s $23 billion deal to buy spectrum from EchoStar could slow down AT&T’s need for new tower sites. [Read more]

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Market data: today’s market close

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