Amer Sports, Inc. designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. The Technical Apparel segment offers outdoor apparel, footwear, and accessories which includes climbing gear. The Outdoor Performance segment provides hiking and running footwear, functional apparel, skiing and snowboarding gear, and lifestyle footwear. The Ball & Racquet Sports segment offers sports equipment for tennis, baseball, american football, basketball, golf, and various other professional and recreational sports. This segment provides custom-fitting protective gear and apparel for baseball, softball, football, and lacrosse. It sells its products under the Arc'teryx, PeakPerformance, Salomon, Atomic, Armada, ENVE, Wilson, Louisville Slugger, DeMarini, EvoShield, and ATEC brands. The company distributes its products through retail stores, general sporting goods retailers, specialty stores, independently operated partner stores, and distributors, as well as its e-commerce websites, and retailer-owned and third-party e-commerce websites. The company was formerly known as Amer Sports Management Holding (Cayman) Limited and changed its name to Amer Sports, Inc. in August 2023. Amer Sports, Inc. was founded in 1950 and is based in Helsinki, Finland.

Amer Sports, Inc.

The following companies are expected to report earnings prior to market open on 09/02/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
NIO Inc. (NIO)is reporting for the quarter ending June 30, 2025. The auto (foreign) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.30. This value represents a 11.76% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NIO is -6.45 vs. an industry ratio of 7.60.
Signet Jewelers Limited (SIG)is reporting for the quarter ending July 31, 2025. The jewelry retail company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.21. This value represents a 3.20% decrease compared to the same quarter last year. SIG missed the consensus earnings per share in the 4th calendar quarter of 2024 by -17.24%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for SIG is 9.85 vs. an industry ratio of -2.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Academy Sports and Outdoors, Inc. (ASO)is reporting for the quarter ending July 31, 2025. The leisure (recreational) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.05. This value represents a 6.77% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ASO is 9.72 vs. an industry ratio of 21.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for September 2, 2025 : NIO, SIG, ASO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (Symbol: AAOI), where a total volume of 24,435 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.8% of AAOI's average daily trading volume over the past month, of 5.7 million shares. Particularly high volume was seen for the $18 strike put option expiring September 26, 2025, with 3,019 contracts trading so far today, representing approximately 301,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $18 strike highlighted in orange:
Amer Sports Inc (Symbol: AS) options are showing a volume of 20,381 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 41.7% of AS's average daily trading volume over the past month, of 4.9 million shares. Particularly high volume was seen for the $45 strike call option expiring September 19, 2025, with 10,314 contracts trading so far today, representing approximately 1.0 million underlying shares of AS. Below is a chart showing AS's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Occidental Petroleum Corp (Symbol: OXY) saw options trading volume of 41,564 contracts, representing approximately 4.2 million underlying shares or approximately 41.5% of OXY's average daily trading volume over the past month, of 10.0 million shares. Especially high volume was seen for the $48 strike call option expiring August 29, 2025, with 3,466 contracts trading so far today, representing approximately 346,600 underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $48 strike highlighted in orange:
For the various different available expirations for AAOI options, AS options, or OXY options, visit StockOptionsChannel.com.
Also see:
EXE MACD
Funds Holding NXTP
HYG Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: AAOI, AS, OXY

The S&P 500 Index ($SPX) (SPY) today is up by +0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.14%. September E-mini S&P futures (ESU25) are up +0.03%, and September E-mini Nasdaq futures (NQU25) are up +0.20%.
Stock indexes today are slightly higher on some positive US economic news. The US core capital goods and consumer confidence reports were stronger than expected. Also, the strength in semiconductor makers is supportive of the overall market. In addition, China is sending Vice Commerce Minister Li Chenggang to the US to meet with US trade officials and negotiators, a move that signals trade talks with China are progressing.
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However, fresh concerns over the Fed's independence are weighing on stocks and the dollar after President Trump moved to fire Fed Governor Lisa Cook, citing "sufficient cause" based on allegations she made false statements on one or more mortgage loans. Ms. Cook said she will not resign, and her lawyer pledged to take "whatever actions are needed to prevent" the president's "illegal action."
US July capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +1.1% m/m, stronger than expectations of +0.2% m/m.
The US June S&P Core Logic composite-20 home price index eased to +2.14% y/y from +2.81% y/y in May, the smallest increase in two years.
The Conference Board US Aug consumer confidence index fell -1.3 to 97.4, stronger than expectations of 96.5.
The US Aug Richmond Fed manufacturing survey rose +13 to a 5-month high of -7, stronger than expectations of -11.
Regarding tariffs, President Trump late Monday threatened to impose new tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations' digital services taxes that hit American companies. Last week, Mr. Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect last Monday and did not exclude goods already in transit.
In other recent tariff news, Mr. Trump on August 13 extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
On the geopolitical front, diplomatic efforts to end the war in Ukraine remain elusive, as the US tries to broker a peace deal between the two countries. On Sunday, Russian Foreign Minister Lavrov said there was no meeting planned between the leaders of Russia and Ukraine and that there "needs to be an agenda first" for a meeting to take place. "This agenda is not ready at all."
The markets this week will focus on any fresh tariff news or developments on ending the Ukraine-Russian war. After Wednesday's close, Nvidia will release its quarterly earnings and guidance. On Thursday, Q2 GDP is expected to be revised upward by +0.1 to 3.1% (q/q annualized). Also, weekly initial unemployment claims are expected to fall by -5,000 to 230,000. On Friday, July personal spending is expected to climb +0.3% m/m, and July personal income is expected to rise +0.4% m/m. Also, the July core PCE price index, the Fed's preferred inflation gauge, is expected to climb +0.2% m/m and +2.9% y/y. In addition, the Aug MNI Chicago PMI is expected to fall -0.6 to 46.5. Finally, the University of Michigan's final-Aug US consumer sentiment index is expected to be unrevised at 58.6.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 87% at the next FOMC meeting on September 16-17. The markets are discounting the chances at 52% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With Q2 earnings season winding down, over 94% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets today are lower. The Euro Stoxx 50 fell to a 1.5-week low and is down -0.74%. China's Shanghai Composite fell from a new 10-year high and closed down -0.39%. Japan's Nikkei Stock 225 dropped to a 2-week low and closed down -0.97%.
Interest Rates
September 10-year T-notes (ZNU5) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.281%.
T-notes are under pressure today after President Trump said he will move to fire Fed Governor Cook, exacerbating investor concerns about the Fed's independence and fanning inflation fears if politics forces interest rates below the neutral rate. Also, rising inflation expectations are undercutting T-note prices after the 10-year breakeven inflation expectations rate rose to a 3.5-week high today of 2.438%. In addition, today's stronger-than-expected US core capital goods and consumer confidence reports were bearish for T-notes. Finally, supply pressures are negative for T-notes as the Treasury will auction $69 billion of 2-year T-notes later today as part of this week's $211 billion of T-note and floating-rate note auctions.
Sep T-notes recovered from their worst levels as short covering emerged when Fed Governor Cook said she has no plans to resign and that "no cause exists" for President Trump to fire her.
European government bond yields today are mixed. The 10-year German bund yield is down -2.8 bp to 2.729%. 10-year UK gilt yield rose to a 3-month high of 4.765% and is up +4.9 bp to 4.741%.
The French Aug consumer confidence indicator unexpectedly fell -1 to a 1.75-year low of 87, weaker than expectations of 89.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Strength in semiconductor makers today is supportive of the overall market. Advanced Micro Devices (AMD) and ARM Holdings Plc (ARM) are up more than +2%. Also, Qualcomm (QCOM), KLA Corp (KLAC), Micron Technology (MU), Marvell Technology (MRVL), Lam Research (LRCX), and Broadcom (AVGO) are up more than +1%.
Eli Lilly (LLY) is up more than +3% after the company said a second trial of its experimental obesity pill showed patients lost weight and saw significant improvements in blood sugar levels.
Boeing (BA) is up more than +2% to lead gainers in the Dow Jones Industrials after Reuters reported that Korea Air is expected to announce an order for about 100 Boeing airplanes.
EchoStar (SATS) is up more than +75% after AT&T announced an agreement to buy spectrum licenses from the company for about $23 billion.
Semtech (SMTC) is up more than +16% after reporting Q2 adjusted gross margin of 53.2%, above the consensus of 53.0%.
VF Corp (VFC) is up more than +6% after Baird upgraded the stock to outperform from neutral with a price target of $20.
Kinetik Holdings (KNTK) is up more than +2% after S&P Dow Jones Indices announced the company will replace Pacific Premier Bancorp in the S&P SmallCap 600 effective before the opening of trading on Tuesday, September 2.
Brown-Forman (BF.B) is down more than -3% after the company said CFO Cunningham will retire on May 1, 2026.
Keurig Dr Pepper (KDP) is down more than -3% to lead losers in the Nasdaq 100 after HSBC downgraded the stock to hold from buy.
Generac Holdings (GNRC) is down more than -2% after Citigroup downgraded the stock to neutral from buy.
Shoe Carnival (SCVL) is down more than -2% after Seaport Global Securities downgraded the stock to neutral from buy.
Amer Sports (AS) is down more than -1% after holder Anamered Investments sold as much as $163 million of shares in an unregistered block sale between $39.75 to $40.25 per share, below Monday's closing price of $40.69.
Salesforce (CRM) is down more than -1% to lead losers in the Dow Jones Industrials after Oppenheimer & Co. cut its price target on the stock to $315 from $370.
Earnings Reports(8/26/2025)
American Woodmark Corp (AMWD), Box Inc (BOX), Citi Trends Inc (CTRN), Electromed Inc (ELMD), Golden Matrix Group Inc (GMGI), MongoDB Inc (MDB), nCino Inc (NCNO), Okta Inc (OKTA), Ooma Inc (OOMA), PACS Group Inc (PACS), PVH Corp (PVH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by Positive Economic News

The S&P 500 Index ($SPX) (SPY) today is up by +0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.01%. September E-mini S&P futures (ESU25) are down -0.06%, and September E-mini Nasdaq futures (NQU25) are down -0.10%.
Stock indexes today are little changed. Fresh concerns over the Fed's independence are weighing on stocks and the dollar after President Trump moved to fire Fed Governor Lisa Cook, citing "sufficient cause" based on allegations she made false statements on one or more mortgage loans. Ms. Cook said she will not resign, and her lawyer pledged to take "whatever actions are needed to prevent" the president's "illegal action."
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On the positive side for stocks is the strength in semiconductor makers. Also, China is sending Vice Commerce Minister Li Chenggang to the US to meet with US trade officials and negotiators, a move that signals trade talks with China are progressing.
Stocks also found support after today's report on US July capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +1.1% m/m, stronger than expectations of +0.2% m/m.
The US June S&P Core Logic composite-20 home price index eased to +2.14% y/y from +2.81% y/y in May, the smallest increase in two years.
Regarding tariffs, President Trump late Monday threatened to impose new tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations' digital services taxes that hit American companies. Last week, Mr. Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect last Monday and did not exclude goods already in transit.
In other recent tariff news, Mr. Trump on August 13 extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
On the geopolitical front, diplomatic efforts to end the war in Ukraine remain elusive, as the US tries to broker a peace deal between the two countries. On Sunday, Russian Foreign Minister Lavrov said there was no meeting planned between the leaders of Russia and Ukraine and that there "needs to be an agenda first" for a meeting to take place. "This agenda is not ready at all."
The markets this week will focus on any fresh tariff news or developments on ending the Ukraine-Russian war. Later today, the Conference Board's Aug consumer confidence index is expected to fall -0.8 to 96.4. After Wednesday's close, Nvidia will release its quarterly earnings and guidance. On Thursday, Q2 GDP is expected to be revised upward by +0.1 to 3.1% (q/q annualized). Also, weekly initial unemployment claims are expected to fall by -5,000 to 230,000. On Friday, July personal spending is expected to climb +0.3% m/m, and July personal income is expected to rise +0.4% m/m. Also, the July core PCE price index, the Fed's preferred inflation gauge, is expected to climb +0.2% m/m and +2.9% y/y. In addition, the Aug MNI Chicago PMI is expected to fall -0.6 to 46.5. Finally, the University of Michigan's final-Aug US consumer sentiment index is expected to be unrevised at 58.6.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the next FOMC meeting on September 16-17. The markets are discounting the chances at 53% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With Q2 earnings season winding down, over 94% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets today are lower. The Euro Stoxx 50 fell to a 1.5-week low and is down -0.89%. China's Shanghai Composite fell from a new 10-year high and closed down -0.39%. Japan's Nikkei Stock 225 dropped to a 2-week low and closed down -0.97%.
Interest Rates
September 10-year T-notes (ZNU5) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.281%.
T-notes are under pressure today after President Trump said he will move to fire Fed Governor Cook, exacerbating investor concerns about the Fed's independence and fanning inflation fears if politics forces interest rates below the neutral rate. Also, rising inflation expectations are undercutting T-note prices after the 10-year breakeven inflation expectations rate rose to a 3.5-week high today of 2.438%. In addition, today's stronger-than-expected July US core capital goods new orders report was bearish for T-notes. Finally, supply pressures are negative for T-notes as the Treasury will auction $69 billion of 2-year T-notes later today as part of this week's $211 billion of T-note and floating-rate note auctions.
Sep T-notes recovered from their worst levels as short covering emerged when Fed Governor Cook said she has no plans to resign and that "no cause exists" for President Trump to fire her.
European government bond yields today are mixed. The 10-year German bund yield is down -1.8 bp to 2.740%. 10-year UK gilt yield rose to a 3-month high of 4.765% and is up +5.3 bp to 4.746%.
The French Aug consumer confidence indicator unexpectedly fell -1 to a 1.75-year low of 87, weaker than expectations of 89.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Qualcomm (QCOM) is up more than +1% to lead gainers in the Nasdaq 100, and semiconductor makers after Arete Research Group LLC upgraded the stock to buy from neutral with a price target of $200. Also, Advanced Micro Devices (AMD) is up more than +1% after the company and IBM announced a quantum-centric supercomputing partnership. In addition, ARM Holdings Plc (ARM), Micron Technology (MU), Marvell Technology (MRVL), GlobalFoundries (GFS), and Broadcom (AVGO) are up more than +1%.
Eli Lilly (LLY) is up more than +4% to lead gainers in the S&P 500 after the company said a second trial of its experimental obesity pill showed patients lost weight and saw significant improvements in blood sugar levels.
PDD Holdings (PDD) is up more than +1% to lead gainers in the Nasdaq 100 after Benchmark Company LLC raised its price target on the stock to $160 from $128.
EchoStar (SATS) is up more than +76% after AT&T announced an agreement to buy spectrum licenses from the company for about $23 billion.
Semtech (SMTC) is up more than +8% after reporting Q2 adjusted gross margin of 53.2%, above the consensus of 53.0%.
VF Corp (VFC) is up more than +5% after Baird upgraded the stock to outperform from neutral with a price target of $20.
Kinetik Holdings (KNTK) is up more than +3% after S&P Dow Jones Indices announced the company will replace Pacific Premier Bancorp in the S&P SmallCap 600 effective before the opening of trading on Tuesday, September 2.
Generac Holdings (GNRC) is down more than -2% after Citigroup downgraded the stock to neutral from buy.
Shoe Carnival (SCVL) is down more than -2% after Seaport Global Securities downgraded the stock to neutral from buy.
Amer Sports (AS) is down more than -1% after holder Anamered Investments sold as much as $163 million of shares in an unregistered block sale between $39.75 to $40.25 per share, below Monday's closing price of $40.69.
Brown-Forman (BF.B) is down more than -1% after the company said CFO Cunningham will retire on May 1, 2026.
Keurig Dr Pepper (KDP) is down more than -1% after HSBC downgraded the stock to hold from buy.
Earnings Reports(8/26/2025)
American Woodmark Corp (AMWD), Box Inc (BOX), Citi Trends Inc (CTRN), Electromed Inc (ELMD), Golden Matrix Group Inc (GMGI), MongoDB Inc (MDB), nCino Inc (NCNO), Okta Inc (OKTA), Ooma Inc (OOMA), PACS Group Inc (PACS), PVH Corp (PVH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Pressured by Fed Jitters but Supported by Chip Makers

The S&P 500 Index ($SPX) (SPY) Tuesday closed down by -0.59%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.39%. September E-mini S&P futures (ESU25) fell -0.54%, and September E-mini Nasdaq futures (NQU25) fell -1.37%.
Stock indexes settled mixed on Tuesday, with the Nasdaq 100 falling to a 1.5-week low and the Dow Jones industrials posting a new all-time high. Tuesday’s selloff in chip makers and the Magnificent Seven megacap technology stocks weighed on the overall market.
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On the positive side, Home Depot recovered from early losses and closed up more than +3% to push the Dow Jones industrials to a new record high after it reported a +3% jump in July comparable same-store sales. Lowes and Target will report their earnings on Wednesday, and Walmart will report on Thursday.
Lower bond yields on Tuesday were supportive of stocks, as the 10-year T-note yield fell -3 bp to 4.30%. US government debt garnered support Tuesday after S&P Global Ratings affirmed its AA+ long-term rating and A-1+ short-term rating on US debt and said the US can maintain its credit strength despite the fiscal hit of its recent spending bill because tariff revenues will “generally offset weaker fiscal outcomes.”
Tuesday’s US housing news was mixed. US Jul housing starts unexpectedly rose +5.2% m/m to a 5-month high of 1.428 million, stronger than expectations of a decline to 1.297 million. However, Jul building permits, a proxy for future construction, fell -2.8% m/m to a 5-year low of 1.354 million, weaker than expectations of -0.5% m/m to 1.386 million.
Diplomatic talks over the war in Ukraine continue to make headway. Ukrainian President Zelenskiy said he came away with a commitment from President Trump late Monday to join security guarantees for any peace deal and reserve discussion on territorial swaps with Russia for later. President Trump is pushing for a summit between Presidents Putin and Zelenskiy soon, and European leaders are discussing a plan to send British and French troops to Ukraine as part of a peace agreement. The outcome of the talks could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security.
The focus of the markets this week will be on any new tariff news and signs of progress toward a Ukraine peace deal. On Wednesday, the minutes of the July 29-30 FOMC meeting will be released. On Thursday, weekly initial unemployment claims are expected to climb by +1,000 to 225,000 and the Aug Philadelphia Fed business outlook survey is expected to fall to 6.7 from 15.9 in July. Also, the Aug S&P manufacturing PMI is expected to remain unchanged at 49.8. In addition, Jul existing home sales are expected to fall -0.3% m/m to 3.92 million. On Friday, Fed Chair Powell speaks on the economic outlook at the Federal Reserve’s annual symposium at Jackson Hole, Wyoming.
Regarding tariffs, President Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect on Monday and did not exclude goods already in transit. Last Friday, Mr. Trump said, “I’ll be setting tariffs next week and the week after on steel and on, I would say chips – chips and semiconductors, we’ll be setting sometime next week, week after.” Mr. Trump last week said he planned a 100% tariff on semiconductors but would exempt companies that move chip manufacturing to the US. Mr. Trump also mentioned 200% or 300% tariffs on chips.
In other recent tariff news, Mr. Trump last Tuesday extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India’s purchases of Russian oil. On August 5, Mr. Trump said that US tariffs on pharmaceutical imports would be announced “within the next week or so.” According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 87% at the September 16-17 FOMC meeting, down from 93% last Thursday. The markets are discounting the chances at 54% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 92% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets on Tuesday settled mixed. The Euro Stoxx 50 rose to a 4.75-month high and closed up +0.89%. China’s Shanghai Composite fell from a 10-year high and closed down -0.02%. Japan’s Nikkei Stock 225 retreated from a new record high and closed down -0.38%.
Interest Rates
September 10-year T-notes (ZNU25) Tuesday closed up +8 ticks, and the 10-year T-note yield fell -3.2 bp to 4.302%. Sep T-notes rallied Tuesday after S&P Global Ratings said that higher revenues from tariffs will help soften the blow to the US’s fiscal health from the president’s tax cuts, enabling the country to maintain its AA+ long-term credit rating. The weakness in stocks on Tuesday also supported safe-haven demand for T-notes. Gains in T-notes were limited due to concerns that last week’s bearish US July CPI and PPI reports could keep the Fed from cutting interest rates at next month’s FOMC meeting.
European government bond yields on Tuesday were mixed. The 10-year German bund yield fell -1.3 bp to 2.750%. The 10-year UK gilt yield rose to a 2.5-month high of 4.756% and finished up by +0.2 bp to 4.740%.
Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
The weakness in the Magnificent Seven stocks on Tuesday was a drag on the overall market. Nvidia (NVDA) closed down more than -3%, and Meta Platforms (META) closed down more than -2%. Also, Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA) closed down more than -1%. In addition, Apple (AAPL) fell -0.14%.
Advanced Micro Devices (AMD) closed down more than -5% to lead chipmakers lower after GF Securities downgraded the stock to hold from buy. Also, Marvell Technology (MRVL) closed down more than -5%, and ARM Holdings Plc (ARM) closed down more than -4%. In addition, Broadcom (AVGO) closed down more than -3%, and Qualcomm (QCOM), Microchip Technology (MCHP), ON Semiconductor (ON), GlobalFoundries (GFS), NXP Semiconductors NV (NXPI), and Micron Technology (MU) closed down more than -1%.
Viking Therapeutics (VKTX) closed down more than -42% after a Phase 2 trial of its oral weight loss drug showed 28% of patients discontinued treatment over tolerability concerns.
Fabrinet (FN) closed down more than -12% after it said it expects to see a sequential dip in datacom segment revenue in its fiscal Q1, citing supply constraints for some critical components.
Amer Sports (AS) closed down more than -4% after forecasting Q3 adjusted operating margin of 12% to 13%, below the consensus of 13%.
Vertiv Holdings (VRT) closed down more than -4% after GLJ Research initiated coverage on the stock with a recommendation of sell and a price target of $112.
Medtronic Plc (MDT) closed down more than -2% after reporting Q1 adjusted operating margin of 23.6%, weaker than the consensus of 23.7%.
Intel (INTC) closed up more than +6% to lead gainers in the S&P 500 and Nasdaq 100 after SoftBank Group Corp agreed to buy $2 billion of the company’s stock.
Trucking companies moved higher on Tuesday. JB Hunt Transport Services (JBHT) and Knight-Swift Transportations Holdings (KNX) closed up more than +3%. Also, Old Dominion Freight Line (ODFL), FedEx (FDX), and Schneider National (SNDR) closed up more than +2%. In addition, CSX Corp (CSX) closed up more than +1%.
Home Depot (HD) recovered from an early decline and closed up more than +3% to lead gainers in the Dow Jones Industrials after reporting that July comparable same-store sales rose more than +3%.
Prologis (PLD) closed up more than +5% after Mizuho Securities upgraded the stock to outperform from neutral with a price target of $118.
Best Buy (BBY) closed up more than +3% after announcing the launch of a new third-party seller platform, which more than doubles the number of its available products online.
Palo Alto Networks (PANW) closed up more than +3% after it forecast 2026 revenue of $10.48 billion-$10.53 billion, stronger than the consensus of $10.44 billion.
Earnings Reports(8/20/2025)
Analog Devices Inc (ADI), Coty Inc (COTY), Estee Lauder Cos Inc/The (EL), Lowe’s Cos Inc (LOW), Nordson Corp (NDSN), Target Corp (TGT), TJX Cos Inc/The (TJX).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Mostly Lower as Chip Makers and Megacap Tech Companies Retreat

The S&P 500 Index ($SPX) (SPY) today is down by -0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.03%. September E-mini S&P futures (ESU25) are down -0.34%, and September E-mini Nasdaq futures (NQU25) are down -1.06%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high and the Nasdaq 100 falling to a 1-week low. Weaknesses in chip makers and in the Magnificent Seven stocks today are weighing on the overall market.
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On the positive side, Home Depot recovered from early losses and is up more than +4% to lead the Dow Jones industrials to a new record high after it reported a +3% jump in July comparable same-store sales. Lowes and Target will report their earnings on Wednesday, and Walmart will report on Thursday.
Lower bond yields today are supportive of stocks, with the 10-year T-note yield down -2 bp to 4.31%. US government debt garnered support today after S&P Global Ratings affirmed its AA+ long-term rating and A-1+ short-term rating on US debt and said the US can maintain its credit strength despite the fiscal hit of its recent spending bill because tariff revenues will "generally offset weaker fiscal outcomes."
Today's US housing news was mixed. US Jul housing starts unexpectedly rose +5.2% m/m to a 5-month high of 1.428 million, stronger than expectations of a decline to 1.297 million. However, Jul building permits, a proxy for future construction, fell -2.8% m/m to a 5-year low of 1.354 million, weaker than expectations of -0.5% m/m to 1.386 million.
Diplomatic talks over the war in Ukraine continue to make headway. Ukrainian President Zelenskiy said he came away with a commitment from President Trump late Monday to join security guarantees for any peace deal and reserve discussion on territorial swaps with Russia for later. The outcome of the talks could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security.
The focus of the markets this week will be on any new tariff news and signs of progress toward a Ukraine peace deal, with Ukrainian President Zelenskiy and European leaders continuing their meeting with President Trump in Washington. On Wednesday, the minutes of the July 29-30 FOMC meeting will be released. On Thursday, weekly initial unemployment claims are expected to climb by +1,000 to 225,000 and the Aug Philadelphia Fed business outlook survey is expected to fall to 6.7 from 15.9 in July. Also, the Aug S&P manufacturing PMI is expected to remain unchanged at 49.8. In addition, Jul existing home sales are expected to fall -0.3% m/m to 3.92 million. On Friday, Fed Chair Powell speaks on the economic outlook at the Federal Reserve's annual symposium at Jackson Hole, Wyoming.
Regarding tariffs, President Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect on Monday and did not exclude goods already in transit. Last Friday, Mr. Trump said, "I'll be setting tariffs next week and the week after on steel and on, I would say chips – chips and semiconductors, we'll be setting sometime next week, week after." Mr. Trump last week said he planned a 100% tariff on semiconductors but would exempt companies that move chip manufacturing to the US. Mr. Trump also mentioned 200% or 300% tariffs on chips.
In other recent tariff news, Mr. Trump last Tuesday extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. On August 5, Mr. Trump said that US tariffs on pharmaceutical imports would be announced "within the next week or so." According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting, down from 93% last Thursday. The markets are discounting the chances at 53% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 92% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets today are mixed. The Euro Stoxx 50 rose to a 4.75-month high and is up +0.92%. China's Shanghai Composite fell from a 10-year high and closed down -0.02%. Japan's Nikkei Stock 225 retreated from a new record high and closed down -0.38%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +6 ticks, and the 10-year T-note yield is down -2.5 bp to 4.308%. Sep T-notes are moving higher today after S&P Global Ratings said that higher revenues from tariffs will help soften the blow to the US's fiscal health from the president's tax cuts, enabling the country to maintain its AA+ long-term credit rating. The weakness in stocks today is also supporting safe-haven demand for T-notes. Gains in T-notes are limited due to concerns that last week's bearish US July CPI and PPI reports could keep the Fed from cutting interest rates at next month's FOMC meeting.
European government bond yields today are moving lower. The 10-year German bund yield is down -1.4 bp to 2.749%. The 10-year UK gilt yield fell from a 2.5-month high of 4.756% and is down by -2.2 bp to 4.716%.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
The weakness in the Magnificent Seven stocks is a drag on the overall market. Nvidia (NVDA) and Meta Platforms (META) are down more than -2%. Also, Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA) are down more than -1%.
Advanced Micro Devices (AMD) is down more than -4% to lead chipmakers lower after GF Securities downgraded the stock to hold from buy. Also, Marvell Technology (MRVL) is down more than -3%, and Broadcom (AVGO) and ARM Holdings Plc (ARM) are down more than -2%. In addition, Qualcomm (QCOM) is down more than -1%.
Viking Therapeutics (VKTX) is down more than -43% after a Phase 2 trial of its oral weight loss drug showed 28% of patients discontinued treatment over tolerability concerns.
Fabrinet (FN) is down more than -12% after it said it expects to see a sequential dip in datacom segment revenue in its fiscal Q1, citing supply constraints for some critical components.
Amer Sports (AS) is down more than -4% after forecasting Q3 adjusted operating margin of 12% to 13%, below the consensus of 13%.
Medtronic Plc (MDT) is down more than -3% after reporting Q1 adjusted operating margin of 23.6%, weaker than the consensus of 23.7%.
Vertiv Holdings (VRT) is down more than -3% after GLJ Research initiated coverage on the stock with a recommendation of sell and a price target of $112.
Intel (INTC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100 after SoftBank Group Corp agreed to buy $2 billion of the company's stock.
Cybersecurity stocks are climbing today, led by a +4% jump in Palo Alto Networks (PANW) after it forecast 2026 revenue of $10.48 billion-$10.53 billion, stronger than the consensus of $10.44 billion. CyberArk Software Ltd (CYBR) is also up more than +4% on the news.
Trucking companies are climbing today. JB Hunt Transport Services (JBHT) is up more than +4%, and Old Dominion Freight Line (ODFL), Knight-Swift Transportations Holdings (KNX), and Schneider National (SNDR) are up more than +3%. In addition, CSX Corp (CSX) and FedEx (FDX) are up more than +2%.
Home Depot (HD) recovered from an early decline and is up more than +4% to lead gainers in the Dow Jones Industrials after reporting that July comparable same-store sales rose more than +3%.
Prologis (PLD) is up more than +4% after Mizuho Securities upgraded the stock to outperform from neutral with a price target of $118.
Caterpillar (CAT) is up more than +1% after Evercore ISI upgraded the stock to outperform from in line with a price target of $476.
Earnings Reports(8/19/2025)
Amer Sports Inc (AS), Home Depot Inc/The (HD), Jack Henry & Associates Inc (JKHY), James Hardie Industries PLC (JHX), Keysight Technologies Inc (KEYS), Medtronic PLC (MDT), Toll Brothers Inc (TOL), Viking Holdings Ltd (VIK).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Pressured by Weakness in Tech

The S&P 500 Index ($SPX) (SPY) today is down by -0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.52%. September E-mini S&P futures (ESU25) are down -0.13%, and September E-mini Nasdaq futures (NQU25) are down -0.60%.
Stock indexes are slightly lower today as retail stocks begin to report their earnings. The weakness in the Magnificent Seven stocks today is weighing on the overall market.
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On the positive side, Home Depot recovered from early losses and is up more than +4% to lead the Dow Jones industrials higher after reporting a +3% jump in July comparable same-store sales. Lowes and Target will report their earnings on Wednesday, and Walmart will report on Thursday.
Lower bond yields today are supportive of stocks, with the 10-year T-note yield down -2 bp to 4.31%. US government debt garnered support today after S&P Global Ratings affirmed its AA+ long-term rating and A-1+ short-term rating on US debt and said the US can maintain its credit strength despite the fiscal hit of its recent spending bill because tariff revenues will "generally offset weaker fiscal outcomes."
Today's US housing news was mixed. US Jul housing starts unexpectedly rose +5.2% m/m to a 5-month high of 1.428 million, stronger than expectations of a decline to 1.297 million. However, Jul building permits, a proxy for future construction, fell -2.8% m/m to a 5-year low of 1.354 million, weaker than expectations of -0.5% m/m to 1.386 million.
Diplomatic talks over the war in Ukraine continue to make headway. Ukraine President Zelenskiy said he came away with a commitment from President Trump late Monday to join security guarantees for any peace deal and reserve discussion on territorial swaps with Russia for later. The outcome of the talks could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security.
The focus of the markets this week will be on any new tariff news and signs of progress toward a Ukraine peace deal, with Ukrainian President Zelenskiy and European leaders continuing their meeting with President Trump in Washington. On Wednesday, the minutes of the July 29-30 FOMC meeting will be released. On Thursday, weekly initial unemployment claims are expected to climb by +1,000 to 225,000 and the Aug Philadelphia Fed business outlook survey is expected to fall to 6.7 from 15.9 in July. Also, the Aug S&P manufacturing PMI is expected to remain unchanged at 49.8. In addition, Jul existing home sales are expected to fall -0.3% m/m to 3.92 million. On Friday, Fed Chair Powell speaks on the economic outlook at the Federal Reserve's annual symposium at Jackson Hole, Wyoming.
Regarding tariffs, President Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect on Monday and did not exclude goods already in transit. Last Friday, Mr. Trump said, "I'll be setting tariffs next week and the week after on steel and on, I would say chips – chips and semiconductors, we'll be setting sometime next week, week after." Mr. Trump last week said he planned a 100% tariff on semiconductors but would exempt companies that move chip manufacturing to the US. Mr. Trump also mentioned 200% or 300% tariffs on chips.
In other recent tariff news, Mr. Trump last Tuesday extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. On August 5, Mr. Trump said that US tariffs on pharmaceutical imports would be announced "within the next week or so." According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting, down from 93% last Thursday. The markets are discounting the chances at 53% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 92% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets today are mixed. The Euro Stoxx 50 rose to a 4.75-month high and is up +0.75%. China's Shanghai Composite fell from a 10-year high and closed down -0.02%. Japan's Nikkei Stock 225 retreated from a new record high and closed down -0.38%.
Interest Rates
September 10-year T-notes (ZNU25) today are up +6 ticks, and the 10-year T-note yield is down -2.5 bp to 4.308%. Sep T-notes are moving higher today after S&P Global Ratings said that higher revenues from tariffs will help soften the blow to the US's fiscal health from the president's tax cuts, enabling the country to maintain its AA+ long-term credit rating. The weakness in stocks today is also supporting safe-haven demand for T-notes. Gains in T-notes are limited due to concerns that last week's bearish US July CPI and PPI reports could keep the Fed from cutting interest rates at next month's FOMC meeting.
European government bond yields today are moving lower. The 10-year German bund yield is down -0.2 bp to 2.761%. The 10-year UK gilt yield fell from a 2.5-month high of 4.756% and is down by -0.3 bp to 4.735%.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Viking Therapeutics (VKTX) is down more than -39% after a Phase 2 trial of its oral weight loss drug showed 28% of patients discontinued treatment over tolerability concerns.
Fabrinet (FN) is down more than -10% after it said it expects to see a sequential dip in datacom segment revenue in its fiscal Q1, citing supply constraints for some critical components.
Medtronic Plc (MDT) is down more than -5% to lead losers in the S&P 500 after reporting Q1 adjusted operating margin of 23.6%, weaker than the consensus of 23.7%.
Advanced Micro Devices (AMD) is down more than -3% after GF Securities downgraded the stock to hold from buy.
Amer Sports (AS) is down more than -2% after forecasting Q3 adjusted operating margin of 12% to 13%, below the consensus of 13%.
Vertiv Holdings (VRT) is down more than -2% after GLJ Research initiated coverage on the stock with a recommendation of sell and a price target of $112.
Cybersecurity stocks are climbing today, led by a +4% jump in Palo Alto Networks (PANW) after it forecast 2026 revenue of $10.48 billion-$10.53 billion, stronger than the consensus of $10.44 billion. CyberArk Software Ltd (CYBR) is up more than +5%, and Zscaler (ZS) and CrowdStrike Holdings (CRWD) are up more than +0.50%.
Intel (INTC) is up more than +10% to lead gainers in the S&P 500 and Nasdaq 100 after SoftBank Group Corp agreed to buy $2 billion of the company's stock.
Home Depot (HD) recovered from an early decline and is up more than +4% to lead gainers in the Dow Jones Industrials after reporting that July comparable same-store sales rose more than +3%.
Prologis (PLD) is up more than +3% after Mizuho Securities upgraded the stock to outperform from neutral with a price target of $118.
Caterpillar (CAT) is up more than +1% after Evercore ISI upgraded the stock to outperform from in line with a price target of $476.
Peabody Energy (BTU) is up more than +1% after deciding to walk away from a $3.8 billion deal to buy the steelmaking coal business from Anglo American Plc following a fire at Anglo's Australian mine.
Earnings Reports(8/19/2025)
Amer Sports Inc (AS), Home Depot Inc/The (HD), Jack Henry & Associates Inc (JKHY), James Hardie Industries PLC (JHX), Keysight Technologies Inc (KEYS), Medtronic PLC (MDT), Toll Brothers Inc (TOL), Viking Holdings Ltd (VIK).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Slightly Lower as Retailer Earnings Arrive

The following companies are expected to report earnings prior to market open on 08/19/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Home Depot, Inc. (HD)is reporting for the quarter ending July 31, 2025. The home furnishings company's consensus earnings per share forecast from the 12 analysts that follow the stock is $4.71. This value represents a 0.86% increase compared to the same quarter last year. HD missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -0.84%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for HD is 26.57 vs. an industry ratio of 21.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Medtronic plc (MDT)is reporting for the quarter ending July 31, 2025. The medical products company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.23. This value represents a no change for the same quarter last year. In the past year MDT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.53%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MDT is 16.76 vs. an industry ratio of 6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Amer Sports, Inc. (AS)is reporting for the quarter ending June 30, 2025. The leisure (recreational) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.02. This value represents a 60.00% decrease compared to the same quarter last year. In the past year AS has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AS is 50.27 vs. an industry ratio of 19.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Viking Holdings Ltd (VIK)is reporting for the quarter ending June 30, 2025. The leisure (recreational) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.99. This value represents a 30.26% increase compared to the same quarter last year. In the past year VIK has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 7.69%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for VIK is 24.39 vs. an industry ratio of 5.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Premier, Inc. (PINC)is reporting for the quarter ending June 30, 2025. The medical services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.27. This value represents a 60.87% decrease compared to the same quarter last year. In the past year PINC has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 35.71%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for PINC is 21.14 vs. an industry ratio of 1.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Opera Limited (OPRA)is reporting for the quarter ending June 30, 2025. The internet content company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.20. This value represents a 9.09% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for OPRA is 17.74 vs. an industry ratio of 18.40.
OS Therapies Incorporated (OSTX)is reporting for the quarter ending June 30, 2025. The consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.15. OSTX reported earnings of $-0.26 per share for the same quarter a year ago; representing a a decrease of -42.31%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for August 19, 2025 : HD, MDT, AS, VIK, PINC, OPRA, OSTX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Amer Sports Inc (Symbol: AS), where a total volume of 46,973 contracts has been traded thus far today, a contract volume which is representative of approximately 4.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 152.1% of AS's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $45 strike call option expiring September 19, 2025, with 12,780 contracts trading so far today, representing approximately 1.3 million underlying shares of AS. Below is a chart showing AS's trailing twelve month trading history, with the $45 strike highlighted in orange:
Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 169,985 contracts thus far today. That number of contracts represents approximately 17.0 million underlying shares, working out to a sizeable 147.2% of PANW's average daily trading volume over the past month, of 11.5 million shares. Especially high volume was seen for the $200 strike call option expiring August 22, 2025, with 8,034 contracts trading so far today, representing approximately 803,400 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $200 strike highlighted in orange:
And Howard Hughes Holdings Inc (Symbol: HHH) saw options trading volume of 4,995 contracts, representing approximately 499,500 underlying shares or approximately 124.3% of HHH's average daily trading volume over the past month, of 401,930 shares. Particularly high volume was seen for the $65 strike put option expiring October 17, 2025, with 2,303 contracts trading so far today, representing approximately 230,300 underlying shares of HHH. Below is a chart showing HHH's trailing twelve month trading history, with the $65 strike highlighted in orange:
For the various different available expirations for AS options, PANW options, or HHH options, visit StockOptionsChannel.com.
Funds Holding IWIN
Institutional Holders of ROKU
Funds Holding IQQQ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Monday Option Activity: AS, PANW, HHH

NetEase NTES is scheduled to release second-quarter 2025 results on Aug. 14.
The Zacks Consensus Estimate for NTES’ second-quarter revenues is pegged at $3.86 billion, indicating 10.02% year-over-year growth.
The consensus mark for earnings is pegged at $2.04 per share, which has increased by 2 cents over the past 30 days. NTES reported earnings of $1.66 per share in the year-ago quarter.
NTES beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, with an average surprise being 9.17%.
NetEase, Inc. Price and EPS Surprise
Let’s see how things have shaped up prior to this announcement.
Key Factors to Note for NTSE’s Q2 Earnings
NetEase's second quarter of 2025 is expected to benefit from the exceptional momentum built on record gaming revenues and breakthrough global launches that drove strong first-quarter results. The Chinese Internet and gaming giant is expected to sustain this growth trajectory in the to-be-reported quarter, driven by continued strength in its core gaming portfolio and strategic global expansion initiatives.
Multiple drivers likely supported performance during the second quarter of 2025. Marvel Rivals is expected to have maintained robust engagement following its successful Season 2 update in April, which reclaimed the top position on Steam’s global seller charts. FragPunk’s March launch momentum likely extended into the second quarter as the tactical shooter expanded its reach across PC and console platforms. The April debut of Once Human’s mobile edition, which secured the number one iOS download ranking in more than 160 regions, may have provided incremental revenue as the cross-platform survival game expanded its monetization base.
NetEase’s established titles are also expected to have delivered stable contributions. Where Winds Meet, which surpassed 30 million registered players by March, may have benefited from ongoing content releases and regional expansion preparations. Identity V’s sustained popularity in global markets, particularly Japan, likely supported its record-high engagement. The renewed partnership with Blizzard Entertainment is anticipated to have driven steady performance from World of Warcraft, Hearthstone and Overwatch in the Chinese market.
However, second-quarter momentum is expected to have faced pockets of pressure. Youdao's learning services segment is expected to have continued facing headwinds as the company maintains its strategic focus on core, high-demand educational services. NetEase Cloud Music likely encountered ongoing challenges in social entertainment services revenue, continuing the trend observed in previous quarters. The innovative businesses segment, including the Yanxuan e-commerce platform, may have experienced further revenue pressures amid intensified competition in China's retail landscape.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the exact case here.
NTES has an Earnings ESP of -0.25% and a Zacks Rank #2 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies worth considering, as our model indicates that they possess the right combination of factors to exceed earnings expectations in their upcoming releases:
Amer Sports, Inc. AS has an Earnings ESP of +50.00% and a Zacks Rank of #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Amer Sports shares have appreciated 31.2% in the year-to-date period. Amer Sports is set to report second-quarter 2025 results on Aug. 19.
Affirm AFRM currently has an Earnings ESP of +19.25% and a Zacks Rank #3. Affirm shares have gained 19.8% year to date. Affirm is slated to report its fourth-quarter fiscal 2025 results on Aug. 28.
Analog Devices ADI has an Earnings ESP of +0.72% and a Zacks Rank #3 at present. Analog Devices shares have gained 5.4% year to date. Analog Devices is scheduled to report its third-quarter fiscal 2025 results on Aug. 20.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Amer Sports, Inc.

Price history and volume

Shares 360

Investment risk — medium

Investment potential — low

Security parameters