The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. It owns and leases real estate properties. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.

Wendy’s appears to be a company with decent operating profitability, but with a very heavy capital structure and noticeable pressure on profitability compared with its history. Its P/E ratio of 8.75 is significantly below the industry median, and its P/FCF of 6.87 also looks attractive, suggesting partial undervaluation on earnings and cash flow. At the same time, its P/B of 13.02 is extremely high relative to the industry, while debt/equity of 29.25 indicates a very high debt burden and elevated financial risk. ROE is formally very high, but given the extremely low equity base, this is more likely a leverage effect than a sign of sustainably strong business economics. ROA and ROI are below industry benchmarks and have been deteriorating over the years, which shows that assets and invested capital are not being used as efficiently as one would like. Gross profit margin and operating margin remain strong and above the industry level, but their five-year trend is declining, so the quality of the operating profile is gradually weakening. Revenue and gross profit are generally holding at a similar level, but net income and operating income are noticeably below the peak levels of previous periods. The cash position and liquidity ratios look comfortable: cash on hand is increasing, and the current ratio and quick ratio are above 1, which reduces the risk of short-term stress. Dividend yield has declined from higher levels last year, so the dividend factor is currently supporting the valuation less than before. The company’s strengths are its stable brand and still respectable operating margin; its weaknesses are high leverage, weak earnings momentum, and deteriorating asset returns. Overall, the fundamentals justify a cautious approach and a slight downward revision of the target, rather than an aggressive upward re-rating. For an investor, this is not a fast-growth story, but rather one with a moderate valuation and heightened attention to debt, margins, and the ability to sustain cash flow.

Wendy's Company (The)

Сильный индекс, без изменений. Быки крепко уверены в своих позициях.

Strong index, flat. The bulls are very confident in their positions.

Сильный индекс, без изменений. Рынок не поддерживает быков.

Strong index, flat. The market does not support the bulls.

Сильный индекс, без изменений. Отток средств из лонгов на высоком уровне.

Strong index, flat. Outflow of funds from longs at a high level.

Low P/E and P/FCF support the valuation, but high debt, weak earnings momentum, and declining return on assets make the picture cautiously negative.

Key Points
Wendy's stock has declined by over 71% in the past five years.
Bob Wright, who led a turnaround at Potbelly's, took over as CEO in late May.
It's no secret that Wendy's (NASDAQ: WEN) has been going through a really tough period. Shares are not far off their 52-week low, trading around $6.44 as of this writing. Investors are wondering what is going on with Wendy's stock and whether it will ever rebound.
The main issue with Wendy's is an overall decline in traffic. In the second quarter of 2026, Wendy's reported U.S. same-store sales fell 7%, and traffic decreased 12.5%. The price each customer paid did increase, but ultimately wasn't enough to offset the decline in patrons. It was the sixth consecutive quarter in decline for the 56-year-old American franchise. Even worse, rival Burger King, which Restaurant Brands International owns, saw its sales grow significantly, bucking the negative trends that have been stifling Wendy's and McDonald's.
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Wendy's has a new CEO, Bob Wright, who previously led a fast-food turnaround at Potbelly's. His candid approach will really come to light when his full comeback strategy is announced alongside the company's third-quarter results in early November. Consumers have complained that Wendy's quality, service, and value have declined in recent years. With stiff competition for discretionary dollars, hungry customers are putting Wendy's on the back burner.
Wendy's trailing and forward price-to-earnings ratios are at 10 and 12, respectively. The burger chain's market cap has shrunk to just $1.25 billion. The stock is inexpensive, but just because it's cheap doesn't mean it's worth buying at the moment. I'm going to wait to see what Wright has in store over the coming quarters before fully believing in the Wendy's turnaround.
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Catie Hogan has no position in any of the stocks mentioned. The Motley Fool recommends Restaurant Brands International and recommends the following options: long January 2028 $320 calls on McDonald's and short January 2028 $340 calls on McDonald's. The Motley Fool has a disclosure policy.
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What's Wrong With Wendy's Stock?

Key Points
Meritage Hospitality Group has been a top Wendy's operator for years.
This compounds the struggles the restaurant company has faced for some time.
Struggling quick-service restaurant (QSR) company Wendy's (NASDAQ: WEN) didn't barrel into the weekend on a high note, at least as far as its stock was concerned. That followed news that a major corporate franchisee running hundreds of Wendy's had filed for Chapter 11 bankruptcy protection. The fast-food mainstay's shares closed Friday down nearly 4%.
Is a franchisee fading?
That franchisee is Meritage Hospitality Group, a Michigan-based company that primarily operates Wendy's. It runs 314 of the restaurants, in addition to one Bojangles and five eateries of the relatively new breakfast restaurant Morning Belle.
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According to restaurant news site NRN, in the filing, Meritage claimed it held between $10 million and $50 million in assets. Its debt was considerable, apparently, as the site said the company was in default on $150 million in borrowings with City National Bank; this default occurred in 2025.
Wendy's has not commented on Meritage's move. It puts a once-reliable revenue stream at risk, however, as its financials might be challenged by the requirements of restructuring -- after all, the company is one of the top Wendy's franchisees. All told, Wendy's has over 7,000 locations, the vast majority of which operate on a franchise model.
A growing set of struggles
Wendy's has been in the investor doghouse for some time, and that's entirely understandable. Key financials have been withering lately; an apparent attempt to take the company private fizzled, and it's struggling in a QSR industry that's competitively discounting to retain customers these days. This is just the latest blow to its fortunes, and I'd worry that it won't be the last one.
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Why Wendy's Stock Flopped on Friday

Key Points
Wendy's sales have been dropping.
It has fallen to third place among burger chains.
The new CEO has laid out his plan to turn around the company.
Wendy's (NASDAQ: WEN) stock has fallen out of favor for the last several years, to put it mildly. The share price lost 66% over the last five years through Sept. 14. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) moved in the opposite direction, gaining 70.5%.
Does this represent a value opportunity or a value trap (a company that appears undervalued but has more serious fundamental issues)? It's time to take a closer look at the fast-food company.
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Wendy's troubles go beyond broad economic issues affecting consumer spending. In fact, the company has lost ground to rivals, with Burger King (part of Restaurant Brands International) recently surpassing Wendy's as the No. 2 burger chain by U.S. sales. McDonald's has the leading share.
Wendy's same-store sales (comps) have fallen for several straight quarters. U.S. comps dropped 7% in the second quarter, while international restaurants saw a 2.3% decrease in comps.
Recognizing the company needed a change in direction, the board of directors hired Bob Wright as CEO a few months ago. A restaurant industry veteran, he has experience that includes a stint at Wendy's.
Wright quickly outlined a five-point plan that includes revamping the menu with a focus on prices and quality. The other parts of his plan are marketing, operational excellence (processes, procedures, and performance standards), enhancing the digital experience, and focusing on the restaurants as "an engine of growth" (high-return projects and expansion opportunities).
It's positive that Wright laid out a clear vision, and he certainly has a wealth of industry experience. However, with Wendy's facing intense competition, I'd avoid buying shares.
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Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Restaurant Brands International and recommends the following options: long January 2028 $320 calls on McDonald's and short January 2028 $340 calls on McDonald's. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Should You Avoid Wendy's Stock, Even After a 66% Decline?

Key Points
He set a neutral recommendation, but his analysis highlighted several negatives.
A major one was the erosion in the company's fundamentals.
Wendy's (NASDAQ: WEN) stock has generally traded down since an apparent plan to take the company private was abandoned in late August. On Wednesday, an analyst initiated coverage of the fast-food purveyor's stock with a rather lukewarm take, which didn't help improve investor sentiment -- the company's stock fell by nearly 6% that trading session.
Not a better burger
Well before market open that morning, Seaport Global Securities formally began its tracking of Wendy's stock. Analyst Eric Gonzalez rated the veteran fast food purveyor's equity a neutral, and not only because of that scotched go-private effort.
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According to reports, Gonzalez waxed bearish about the company's fundamentals, writing that they are falling more quickly than at any time in its long history. The numbers back up this assertion, as Wendy's same-restaurant sales plummeted by 7% year over year in the company's most recently reported quarter. Customer traffic into the restaurants was also down notably, by 12.5%.
Other factors also make the prognosticator neutral on Wendy's equity. He pointed out that the company recently cut its quarterly dividend (to $0.07 per share), and speculated that sales won't reverse course in either the current (third) quarter or the final frame of this year.
A tough business these days
Current food-service trends in the U.S. don't favor Wendy's. Many diners favor healthier fare. Meanwhile, there are many burger-slingers competing for the consumer dollar. On top of that, aggressive discounting is hardly doing wonders for the fundamentals of sector players.
This one just doesn't seem to be finding its niche, and given that, I think there are more promising sector stocks.
Should you buy stock in Wendy's right now?
Before you buy stock in Wendy's, consider this:
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*Stock Advisor returns as of September 16, 2026.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Why Wendy's Stock Withered on Wednesday

The Wendy’s Company WEN is working to restore profitability as persistent traffic weakness and pressure on restaurant economics weigh on performance. During the second quarter of 2026, global systemwide sales declined 6.5% in constant currency, while U.S. same-restaurant sales fell 7% due to a 12.5% drop in traffic that was partially offset by a 5.6% increase in average check.
The profitability challenge is reflected in WEN’s second-quarter results. Adjusted EBITDA declined $22.5 million year over year to $124.1 million, while adjusted revenues fell 1.4% to $443.2 million. U.S. company-operated restaurant margin was 13.8%, with higher commodity and labor costs weighing on restaurant economics, partly offset by higher average check and labor efficiencies.
The second-half outlook provides an important checkpoint for the EBITDA recovery. WEN expects traffic trends to remain challenging, with July traffic consistent with second-quarter levels. The company does not expect to return to year-over-year systemwide sales growth in the third or fourth quarters and anticipates continued pressure on company-operated margins and adjusted EBITDA from sales deleverage, 5%-6% full-year commodity inflation and higher G&A tied to turnaround investments. WEN has also withdrawn its 2026 financial outlook.
The turnaround remains focused on addressing the underlying factors weighing on traffic and restaurant economics. WEN is prioritizing food quality and value, stronger branding and marketing, operational excellence, a better digital experience and healthier restaurant-level economics. Management identified quality degradation, challenges around value offerings, inconsistent operations and ineffective marketing as key areas requiring improvement.
WEN’s ability to generate EBITDA progress will likely depend on whether its turnaround can rebuild traffic through stronger value and quality, improve restaurant-level execution and strengthen the customer experience. These initiatives can support sales leverage and restaurant economics, while disciplined investment in the turnaround will be central to improving margins and restoring EBITDA growth.
Wendy’s Competitor Landscape
McDonald’s Corporation MCD provides a relevant benchmark for WEN because it is also addressing traffic weakness through improvements in value, digital engagement and restaurant execution. In the second quarter of 2026, McDonald’s U.S. comparable sales increased 0.8% despite traffic pressure linked to value execution and a pullback in digital offers. The company is responding with more national digital flash offers, personalized promotions and a greater focus on proven value initiatives to re-engage customers and improve baseline traffic.
Starbucks Corporation SBUX offers another benchmark, with traffic recovery supported by loyalty engagement, product innovation and improvements in the customer experience. In the third quarter of fiscal 2026, global comparable sales increased 7.9%, driven by a 4% jump in transactions, while U.S. comparable sales rose 7.9% with transactions up 4.2%. Starbucks also reported 35.8 million 90-day active Rewards members in the United States, while initiatives such as targeted loyalty benefits and menu innovation are helping encourage repeat purchases and engagement.
Against this backdrop, WEN’s positioning depends on whether its turnaround can translate investments in value, food quality, marketing and operational execution into stronger traffic and restaurant-level economics. McDonald’s is emphasizing value, marketing and execution to strengthen its U.S. business, while Starbucks is demonstrating stronger transaction growth alongside loyalty and customer-experience initiatives. WEN’s differentiation will depend on how effectively it addresses the quality, value and operational issues weighing on traffic while improving restaurant economics and managing the cost pressures weighing on EBITDA.
WEN’s Price Performance, Valuation & Estimates
Shares of Wendy’s have gained 12.7% over the past three months against the industry’s 8.5% drop.
WEN Three-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, WEN trades at a forward price-to-sales (P/S) multiple of 0.66, below the industry’s average of 3.17.
WEN’s P/S Ratio (Forward 12-Month) vs. Industry
The Zacks Consensus Estimate for WEN’s 2026 earnings per share (EPS) implies a year-over-year decline of 44.3%. The EPS estimates for 2026 have declined in the past 30 days.
EPS Trend of WEN Stock
WEN’s Zacks Rank
WEN stock currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can WEN's Turnaround Change Traffic Weakness Into EBITDA Progress?

McDonald’s Corporation MCD is seeing its international markets provide a relatively steady source of growth despite softer consumer demand across several regions. International Operated Markets (“IOM”) reported 1.5% comparable sales growth in the second quarter of 2026, with Germany, Australia and the United Kingdom leading the performance. After slightly negative comparable sales in April, McDonald’s saw IOM results improve in May and June, moving closer to normalized levels.
Value offerings and menu innovation remain important in maintaining demand. McDonald’s benefited from Every Day Affordable Price menus and meal deals across several IOM markets, while chicken-focused products helped Australia and Germany gain chicken share. In Germany, the company launched a specialty beverage platform in May, adding another avenue for sales growth.
International Developmental Licensed Markets (“IDL”) delivered 1.9% comparable sales growth. McDonald’s Japan business was a key contributor, recording its 10th consecutive quarter of positive comparable guest-count growth. The market’s loyalty platform, launched less than a year ago, has nearly 20 million 90-day active users, with higher visit frequency supporting demand.
The international performance is taking place against a softer consumer environment. QSR traffic across several large markets remained flat to negative, while McDonald’s operations in China tempered IDL growth as the macro and consumer environment remained challenging. France also fell short of McDonald’s expectations, although renewed meal deals and value offerings are being used to improve consumer response.
Management expects comparable sales growth in both IOM and IDL to accelerate sequentially in the third quarter. The outlook provides McDonald’s with a potential source of additional growth, even as consumer conditions remain uneven across international markets.
McDonald’s Competitive Landscape
As international markets remain an important part of growth strategies, Starbucks Corporation SBUX and The Wendy’s Company WEN provide useful comparisons for McDonald’s.
Starbucks delivered a stronger international performance in the third-quarter fiscal 2026. International company-operated comparable sales increased 5.7%, supported by continued strength in Japan and the United Kingdom. The broader international business also recorded its sixth consecutive quarter of positive system-wide comparable sales across 90 markets. Starbucks is placing greater emphasis on international expansion, with new coffeehouse prototypes developed and tested globally to support faster unit growth. Management expects international markets to remain a meaningful contributor to unit growth through fiscal 2027.
Wendy’s international business presents a more uneven picture. International systemwide sales increased 3.4% in the second-quarter fiscal 2026, supported by new restaurant development. However, international same-restaurant sales declined 2.3%, mainly due to a challenging consumer and competitive environment in Canada. Excluding Canada, international sales increased 8.6%, with positive same-restaurant sales. Wendy’s also opened 27 international restaurants during the quarter, indicating that new unit development remains an important source of international growth.
MCD’s Price Performance, Valuation & Estimates
McDonald’s shares have lost 21.3% in the past six months, underperforming the Zacks Retail - Restaurants industry, the broader Retail and Wholesale sector and the S&P 500 index.
On a forward 12-month basis, MCD trades at a P/E of 19.45, down from the industry’s 22.64.
MCD P/E (F12M)
MCD’s earnings estimates for 2026 have moved up over the past 30 days, while estimates for 2027 have been revised downward. Despite these mixed revisions, the latest estimates project year-over-year earnings growth of 5.5% in 2026 and 7.9% in 2027, pointing to continued momentum over the next two years.
MCD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can MCD's International Markets Drive Growth Amid Consumer Pressure?

What happened
Shares of The Wendy's Company (NASDAQ: WEN) fell on Wednesday, following the release of the fast-food chain's first-quarter earnings results. As of 3 p.m. ET, Wendy's stock price was down more than 10%.
So what
Wendy's revenue rose 6.2% year over year to $488.6 million. The gains were driven in part by the restaurant-company's acquisition of 93 previously franchised locations in Florida.
Wendy's same-store sales grew by 2.4% globally, including a 1.1% increase in the U.S. This muted comp growth, however, wasn't enough to offset higher commodity and labor costs. These costs, combined with expenses related to Wendy's expansion in the United Kingdom, drove a 5.4 percentage-point decline in its company-operated restaurant margin to 11.6%.
Wendy's operating profit, in turn, fell 9.9% to $74.9 million. Adjusted earnings per share, meanwhile, declined by 15% to $0.17.
Now what
CEO Officer Todd Penegor said Wendy's remains on track to achieve its target store-count growth rate of 5% to 6% in 2022. Management also reiterated other aspects of its full-year guidance, including:
Global systemwide sales growth of 6% to 8%
Adjusted earnings per share of $0.82 to $0.86
Free cash flow of $215 million to $225 million
Wendy's robust cash generation is allowing it to return capital to shareholders via dividends and stock buybacks. In April, Wendy's board of directors boosted its share-repurchase authorization by $150 million to a total of $250 million.
Wendy's shares are now yielding more than 3% and the company is ramping up its share repurchases. As a result, its sizable capital-return program could help to stabilize its stock price after today's decline.
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Why Wendy's Stock Dropped Today

The S&P 500 Index ($SPX) (SPY) closed up by +0.72% on Thursday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +1.43%. E-mini S&P futures (ESU26) rose +0.68%, and September E-mini Nasdaq futures (NQU26) rose +1.40%.
Stock indices settled higher on Thursday, with the S&P 500, Dow Jones Industrials, and the Nasdaq 100 posting 1-week highs. A blowout outlook from Nvidia bolstered confidence in the artificial intelligence trade and powered technology stocks higher on Thursday. Nvidia rallied more than +8%, leading chipmakers and AI-infrastructure stocks higher after issuing a revenue growth forecast for fiscal 2028 far above expectations. Also, a $31 billion joint venture between Sandisk and Kioxia Holdings to ratchet up flash memory production added to the bullish tone in technology stocks. In addition, cybersecurity stocks rallied on Thursday after better-than-expected earnings from Okta and CrowdStrike Holdings, and software stocks rose after Salesforce forecasted revenue above consensus.
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Signs of strength in the US labor market are positive for economic growth and stocks after weekly initial unemployment claims unexpectedly fell -4,000 to 203,000, showing a stronger labor market than expectations of an increase to 208,000.
Hawkish Fed comments on Thursday were bearish for stocks and bonds. Kansas City Fed President Jeff Schmid said current Fed policy is not restraining the economy while inflation continues to run above its 2% target. He added that the interest rate setting "might be accommodative on the short end" and that "we've got work to do." Also, Cleveland Fed President Beth Hammack said now is the time to act to contain inflation, and "I think it's appropriate for the Fed to put some restraint there to help bring inflation back down to target."
Oct WTI crude oil prices (CLV26) rallied more than +1% on Thursday after a Wall Street Journal report said the US has no interest in returning to the terms of the deal it signed with Iran in June, casting doubt on oil flows from the Middle East returning to normal anytime soon. Crude prices also rose on a Bloomberg report that said Russia was planning to escalate the war in Ukraine, which could disrupt Russian crude output and lower global oil supplies.
The outlook for strong Q2 earnings is a bullish factor for stocks. The S&P 500 is tracking for earnings growth of almost 32% in Q2, well above projections of +23%, and nearly four times the average earnings growth rate outside of the Covid period since Q4 of 2013, according to Bloomberg Intelligence. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive, with 86% of the 478 S&P 500 companies that have reported Q2 earnings beating estimates, according to Bloomberg data.
The markets are discounting a 33% chance of a +25 bp rate hike at the next FOMC meeting on September 15-16.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed down -0.71%. China's Shanghai Composite climbed to a 1-week high and closed up +1.13%. Japan's Nikkei-225 Stock Average fell from a 1-week high and closed down -0.20%.
Interest Rates
September 10-year T-notes (ZNU6) closed down by -2.5 ticks on Thursday. The 10-year T-note yield rose +1.0 bp to 4.670%. Strength in stocks on Thursday curbed safe-haven demand for government debt and weighed on T-note prices. Also, an unexpected decline in weekly US jobless claims was bearish for T-notes. In addition, hawkish Fed comments on Thursday from Kansas City Fed President Jeff Schmid and Cleveland Fed President Beth Hammack undercut T-notes when they said interest rates aren’t restraining the economy. Finally, the +1% rally in WTI crude oil on Thursday raised inflation expectations and weighed on T-notes.
Losses in T-notes were limited as short covering emerged ahead of Fed Chair Warsh’s speech at the Fed’s annual symposium in Jackson Hole, Wyoming, on Friday. Also, decent demand for the Treasury’s $44 billion of 7-year T-notes was supportive for T-notes, as the auction had a bid-to-cover ratio of 2.50, above the 10-auction average of 2.48.
European government bond yields were mixed on Thursday. The 10-year German bund yield rose +1.9 bp to 3.253%. The 10-year UK gilt yield fell -0.1 bp to 5.030%.
Eurozone July M3 money supply rose +3.4% y/y, weaker than expectations of +3.5% y/y.
The German Sep GfK consumer confidence index rose +2.8 to a 6-month high of -26.6, stronger than expectations of -29.5.
Markets are discounting a 97% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.
US Stock Movers
Chipmakers and AI-infrastructure stocks rallied on Thursday after Nvidia reported Q2 revenue of $96.22 billion, well above the consensus of $92.38 billion, and projected fiscal 2028 revenue to grow about 70%. The iShares Semiconductor ETF (SOXX) closed up more than +1%. Nvidia (NVDA) closed up more than +8%, and Intel (INTC) and Broadcom (AVGO) closed up more than +3%. Also, ARM Holdings (ARM), Lam Research (LRCX), Microchip Technology (MCHP), and Texas Instruments (TXN) closed up more than +1%.
Software stocks moved sharply higher on Thursday, led by a +22% surge in Salesforce (CRM), which led gainers in the S&P 500 and Dow Jones Industrials after it forecast Q3 revenue of $11.42 billion to $11.50 billion, with the midpoint above the consensus of $11.42 billion. Also, ServiceNow (NOW) closed up more than +10%, and Atlassian Corp (TEAM) closed up more than +9%. In addition, Datadog (DDOG) and Autodesk (ADSK) closed up more than +6%, and Adobe Systems (ADBE) closed up more than +5%. Finally, Palantir Technologies (PLTR) closed up more than +4%, International Business Machines (IBM) closed up more than 3%, and Oracle (ORCL) and Workday (WDAY) closed up more than +1%.
Cybersecurity stocks soared on Thursday, following stellar earnings results from Okta and Crowdstrike Holdings. Okta (OKTA) closed up more than +28% after boosting its 2027 revenue forecast to $3.22 billion to $3.23 billion from a previous forecast of $3.19 billion to $3.21 billion, above the consensus of $3.20 billion. Crowdstrike Holdings (CRWD) closed up more than +20% to lead gainers in the Nasdaq 100 after raising its 2027 adjusted operating income forecast to $1.50 billion-$1.51 billion from a previous forecast of $1.45 billion-$1.48 billion, better than the consensus of $1.47 billion. Also, Palo Alto Networks (PANW) closed up more than +12%, and SentinelOne (S) closed up more than +10%. In addition, Fortinet (FTNT) and Zscaler (ZS) closed up more than +9%, and Cloudflare (NET) closed up more than +8%.
Cryptocurrency-exposed stocks moved higher on Thursday after Bitcoin (^BTCUSD) rose more than +1%. Strategy (MSTR) closed up more than +11%, and MARA Holdings (MARA) closed up more than +5%. Also, Coinbase Global (COIN) and Circle Internet Group (CRCL) closed up more than +4%, and Riot Platforms (RIOT) and Galaxy Digital Holdings (GLXY) closed up more than +1%.
Veeva Systems (VEEV) closed up more than +15% after reporting Q2 adjusted EPS of $2.35, above the consensus of $2.22, and raising its 2027 adjusted EPS forecast to $9.21 from a previous forecast of $9.05, stronger than the consensus of $9.06.
Nutanix (NTNX) closed up more than +6% after reporting Q4 revenue of $757.1 million, better than the consensus of $738.1 million.
Dollar General (DG) closed up more than +2% after reporting Q2 net sales of $11.29 billion, stronger than the consensus of $11.19 billion, and raising its 2027 comparable sales forecast to up +2.5% to +2.9% from a previous forecast of +2.2% to +2.7%, higher than the consensus of +2.42%.
Wendy’s (WEN) closed down more than -13% after Reuters reported that Trian Fund Management has no plans to make a bid at this time to take the company private.
Hormel Foods (HRL) closed down more than -10% to lead losers in the S&P 500 after reporting Q3 net sales of $2.96 billion, below the consensus of $3.03 billion, and cutting its full-year net sales forecast to $12.1 billion to $12.2 billion from a previous forecast of $12.2 billion to $12.5 billion, weaker than the consensus of $12.24 billion.
Dollar Tree (DLTR) closed down more than -4% after forecasting Q3 net sales of $5.0 billion to $5.1 billion, the midpoint below the consensus of $5.06 billion.
HP Inc. (HPQ) closed down more than -3% after forecasting Q4 adjusted EPS of 69 cents to 79 cents, the midpoint above the consensus of 67 cents, but without an 8-cent-per-share boost from tariff refunds, the outlook would be below consensus.
Earnings Reports (8/28/2026)
Domo Inc (DOMO), Hub Group Inc (HUBG), Liberty Live Holdings Inc (LLYVA), SR Bancorp Inc (SRBK).
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.

Stock Indices Settle Higher as Nvidia Earnings Spur a Tech Stock Rally

The S&P 500 Index ($SPX) (SPY) is up by +0.59% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +1.03%. E-mini S&P futures (ESU26) are up +0.55%, and September E-mini Nasdaq futures (NQU26) are up +1.02%.
Stock indices are moving higher today, with the S&P 500 and Nasdaq 100 posting 1-week highs. A blowout outlook from Nvidia is bolstering confidence in the artificial intelligence trade and powering technology stocks higher today. Nvidia is up more than +6%, leading chipmakers and AI-infrastructure stocks higher after issuing a revenue growth forecast for fiscal 2028 far above expectations. Also, a $31 billion joint venture between Sandisk and Kioxia Holdings to ratchet up flash memory production added to the bullish tone in technology stocks. In addition, cybersecurity stocks are stronger today after better-than-expected earnings from Okta and CrowdStrike Holdings, and software stocks are climbing after Salesforce forecasted revenue above consensus.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Signs of strength in the US labor market are positive for economic growth and stocks after weekly initial unemployment claims unexpectedly fell -4,000 to 203,000, showing a stronger labor market than expectations of an increase to 208,000.
Hawkish Fed comments today are bearish for stocks and bonds. Kansas City Fed President Jeff Schmid said current Fed policy is not restraining the economy while inflation continues to run above its 2% target. He added that the interest rate setting "might be accommodative on the short end" and that "we've got work to do." Also, Cleveland Fed President Beth Hammack said now is the time to act to contain inflation, and "I think it's appropriate for the Fed to put some restraint there to help bring inflation back down to target."
Oct WTI crude oil prices (CLV26) are moving higher today on a Bloomberg report that said Russia was planning to escalate the war in Ukraine, which could disrupt Russian crude output and lower global oil supplies. Crude prices fell to a 2-week low on Wednesday after Iran’s military said it reached a revenue-sharing agreement with Oman on the reopening of the Strait of Hormuz. Crude prices have fallen more than -8% this week on signs of easing tensions in the Middle East and a partial resumption of crude supplies through the Strait of Hormuz. On Tuesday, The New York Times reported the US State Department is preparing to send US diplomats back to embassies in the Middle East that were evacuated before and during the war with Iran, suggesting that the Trump administration does not anticipate a return to all-out hostilities with Iran.
The outlook for strong Q2 earnings is a bullish factor for stocks. The S&P 500 is tracking for earnings growth of almost 32% in Q2, well above projections of +23%, and nearly four times the average earnings growth rate outside of the Covid period since Q4 of 2013, according to Bloomberg Intelligence. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive, with 86% of the 478 S&P 500 companies that have reported Q2 earnings beating estimates, according to Bloomberg data.
The markets are discounting a 35% chance of a +25 bp rate hike at the next FOMC meeting on September 15-16.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.71%. China's Shanghai Composite climbed to a 1-week high and closed up +1.13%. Japan's Nikkei-225 Stock Average fell from a 1-week high and closed down -0.20%.
Interest Rates
September 10-year T-notes (ZNU6) are up +2 ticks today. The 10-year T-note yield is down -0.6 bp to 4.654%. T-notes recovered from early losses and are slightly higher today. Short covering in T-notes has emerged ahead of Fed Chair Warsh’s speech at the Fed’s annual symposium in Jackson Hole, Wyoming, on Friday.
T-notes initially moved lower today amid strength in stocks, which is curbing safe-haven demand for government debt securities. Supply pressures are negative for T-notes as the Treasury will auction $44 billion of 7-year T-notes later today. In addition, an unexpected decline in weekly US jobless claims is bearish for T-notes. Finally, hawkish Fed comments today from Kansas City Fed President Jeff Schmid and Cleveland Fed President Beth Hammack undercut T-notes when they said now is the time to act to contain inflation.
European government bond yields are mixed today. The 10-year German bund yield is up +1.1 bp to 3.245%. The 10-year UK gilt yield is down -1.0 bp to 5.021%.
Eurozone July M3 money supply rose +3.4% y/y, weaker than expectations of +3.5% y/y.
The German Sep GfK consumer confidence index rose +2.8 to a 6-month high of -26.6, stronger than expectations of -29.5.
Markets are discounting a 97% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.
US Stock Movers
Chipmakers and AI-infrastructure stocks are rallying today after Nvidia reported Q2 revenue of $96.22 billion, well above the consensus of $92.38 billion, and projected fiscal 2028 revenue to grow about 70%. The iShares Semiconductor ETF (SOXX) is up more than +1%. Nvidia (NVDA) is up more than +7%, and Intel (INTC) and Broadcom (AVGO) are up more than +3%. Also, ARM Holdings (ARM), Lam Research (LRCX), NXP Semiconductors NV (NXPI), Microchip Technology (MCHP), and Texas Instruments (TXN) are up more than +1%.
Software stocks are moving higher today, led by a +20% surge in Salesforce (CRM) to lead gainers in the S&P 500 and Dow Jones Industrials after it forecasted Q3 revenue of $11.42 billion to $11.50 billion, with the midpoint above the consensus of $11.42 billion. Also, ServiceNow (NOW) is up more than +8%, and Datadog (DDOG) and Atlassian Corp (TEAM) are up more than +6%. In addition, Adobe Systems (ADBE) and Autodesk (ADSK) are up more than +5%, and Palantir Technologies (PLTR), Workday (WDAY), and International Business Machines (IBM) are up more than 31%.
Cybersecurity stocks are stronger today, following stellar earnings results from Okta and Crowdstrike Holdings. Okta (OKTA) is up more than +21% after boosting its 2027 revenue forecast to $3.22 billion to $3.23 billion from a previous forecast of $3.19 billion to $3.21 billion, above the consensus of $3.20 billion. Crowdstrike Holdings (CRWD) is up more than +17% to lead gainers in the Nasdaq 100 after raising its 2027 adjusted operating income forecast to $1.50 billion-$1.51 billion from a previous forecast of $1.45 billion-$1.48 billion, better than the consensus of $1.47 billion. Also, Palo Alto Networks (PANW) is up more than +10%, and Zscaler (ZS) is up more than +9%. In addition, SentinelOne (S) is up more than +7%, and Cloudflare (NET) and Fortinet (FTNT) are up more than +5%.
Cryptocurrency-exposed stocks are sharply higher today, with Bitcoin (^BTCUSD) up more than +2%. Strategy (MSTR) is up more than +10%, and MARA Holdings (MARA) is up more than +9%. Also, Coinbase Global (COIN), Riot Platforms (RIOT), Galaxy Digital Holdings (GLXY), and Circle Internet Group (CRCL) are up more than +5%.
Veeva Systems (VEEV) is up more than +17% after reporting Q2 adjusted EPS of $2.35, above the consensus of $2.22, and raising its 2027 adjusted EPS forecast to $9.21 from a previous forecast of $9.05, stronger than the consensus of $9.06.
Nutanix (NTNX) is up more than +6% after reporting Q4 revenue of $757.1 million, better than the consensus of $738.1 million.
Dollar General (DG) is up more than +5% after reporting Q2 net sales of $11.29 billion, stronger than the consensus of $11.19 billion, and raising its 2027 comparable sales forecast to up +2.5% to +2.9% from a previous forecast of +2.2% to +2.7%, higher than the consensus of +2.42%.
Wendy’s (WEN) is down more than -13% after Reuters reported that Trian Fund Management has no plans to make a bid at this time to take the company private.
Hormel Foods (HRL) is down more than -8% to lead losers in the S&P 500 after reporting Q3 net sales of $2.96 billion, below the consensus of $3.03 billion, and cutting its full-year net sales forecast to $12.1 billion to $12.2 billion from a previous forecast of $12.2 billion to $12.5 billion, weaker than the consensus of $12.24 billion.
HP Inc. (HPQ) is down more than -4% after forecasting Q4 adjusted EPS of 69 cents to 79 cents, the midpoint above the consensus of 67 cents, but without an 8-cent-per-share boost from tariff refunds, the outlook would be below consensus.
Dollar Tree (DLTR) is down more than -2% after forecasting Q3 net sales of $5.0 billion to $5.1 billion, the midpoint below the consensus of $5.06 billion.
Earnings Reports (8/27/2026)
Affirm Holdings Inc (AFRM), Autodesk Inc (ADSK), Best Buy Co Inc (BBY), Burlington Stores Inc (BURL), Dollar General Corp (DG), Dollar Tree Inc (DLTR), Elastic NV (ESTC), Forgent Power Solutions Inc (FPS), Gap Inc/The (GAP), Hormel Foods Corp (HRL), IREN Ltd (IREN), Marvell Technology Inc (MRVL), Rubrik Inc (RBRK), SentinelOne Inc (S), Ulta Beauty Inc (ULTA), Workday Inc (WDAY).
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.

Stocks Supported by Strong Tech Earnings

The S&P 500 Index ($SPX) (SPY) is up by +0.39% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.84%. E-mini S&P futures (ESU26) are up +0.30%, and September E-mini Nasdaq futures (NQU26) are up +0.71%.
Stock indices are moving higher today, with the S&P 500 and Nasdaq 100postign 1-week highs. Stellar earnings from Nvidia are powering technology stocks higher today. Nvidia is up more than +6%, leading chipmakers and AI-infrastructure stocks higher after issuing a revenue growth forecast for fiscal 2028 far above expectations. Also, a $31 billion joint venture between Sandisk and Kioxia Holdings to ratchet up flash memory production added to the bullish tone in technology stocks. In addition, cybersecurity stocks are stronger today after better-than-expected earnings from Okta and CrowdStrike Holdings, and software stocks are climbing after Salesforce forecast Q3 revenue above consensus.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Signs of strength in the US labor market are positive for economic growth and stocks after weekly initial unemployment claims unexpectedly fell -4,000 to 203,000, showing a stronger labor market than expectations of an increase to 208,000.
Comments today from Kansas City Fed President Jeff Schmid were hawkish and bearish for stocks and bonds when he said current Fed policy is not restraining the economy at a time when inflation continues to run above its 2% target. He added that the interest rate setting "might be accommodative on the short end" and that "we've got work to do."
Oct WTI crude oil prices (CLV26) are moving higher today on a Bloomberg report that said Russia was planning to escalate the war in Ukraine, which could disrupt Russian crude output and lower global oil supplies. Crude prices fell to a 2-week low on Wednesday after Iran’s military said it reached a revenue-sharing agreement with Oman on the reopening of the Strait of Hormuz. Crude prices have fallen more than -8% this week on signs of easing tensions in the Middle East and a partial resumption of crude supplies through the Strait of Hormuz. On Tuesday, The New York Times reported the US State Department is preparing to send US diplomats back to embassies in the Middle East that were evacuated before and during the war with Iran, suggesting that the Trump administration does not anticipate a return to all-out hostilities with Iran.
The outlook for strong Q2 earnings is a bullish factor for stocks. The S&P 500 is tracking for earnings growth of almost 32% in Q2, well above projections of +23%, and nearly four times the average earnings growth rate outside of the Covid period since Q4 of 2013, according to Bloomberg Intelligence. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive, with 86% of the 478 S&P 500 companies that have reported Q2 earnings beating estimates, according to Bloomberg data.
The markets are discounting a 35% chance of a +25 bp rate hike at the next FOMC meeting on September 15-16.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.23%. China's Shanghai Composite climbed to a 1-week high and closed up +1.13%. Japan's Nikkei-225 Stock Average fell from a 1-week high and closed down -0.20%.
Interest Rates
September 10-year T-notes (ZNU6) are unchanged today. The 10-year T-note yield is unchanged at 4.660%. T-notes are little changed today amid strength in stocks, which is curbing safe-haven demand for government debt securities. Supply pressures are negative for T-notes as the Treasury will auction $44 billion of 7-year T-notes later today. In addition, an unexpected decline in weekly US jobless claims is bearish for T-notes. Finally, hawkish comments today from Kansas City Fed President Jeff Schmid undercut T-notes when he said current Fed policy isn’t in restrictive territory.
European government bond yields are mixed today. The 10-year German bund yield is up +1.7 bp to 3.251%. The 10-year UK gilt yield is down -0.1 bp to 5.030%.
Eurozone July M3 money supply rose +3.4% y/y, weaker than expectations of +3.5% y/y.
The German Sep GfK consumer confidence index rose +2.8 to a 6-month high of -26.6, stronger than expectations of -29.5.
Markets are discounting a 97% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.
US Stock Movers
Chipmakers and AI-infrastructure stocks are rallying today after Nvidia reported Q2 revenue of $96.22 billion, well above the consensus of $92.38 billion, and projected fiscal 2028 revenue to grow about 70%. The iShares Semiconductor ETF (SOXX) is up %. Nvidia (NVDA) is up more than +7% and ARM Holdings (ARM) is up more than +5%. Also, Intel (INTC) and Broadcom (AVGO) are up more than +2%, and Lam Research (LRCX), Sandisk (SNDK), and Marvel Technology (MRVL) are up more than +1%.
Software stocks are moving higher today, led by a +18% jump in Salesforce (CRM) to lead gainers in the Dow Jones Industrials after it forecasted Q3 revenue of $11.42 billion to $11.50 billion, with the midpoint above the consensus of $11.42 billion. Also, Datadog (DDOG) and ServiceNow (NOW) are up more than +7%, and Atlassian Corp (TEAM) is up more than +5%. In addition, Adobe Systems (ADBE), Autodesk (ADSK), Palantir Technologies (PLTR), and Workday (WDAY) are up more than +3%, and Oracle (ORCL) is up more than +1%.
Cybersecurity stocks are stronger today, following stellar earnings results from Okta and Crowdstrike Holdings. Okta (OKTA) is up more than +23% after boosting its 2027 revenue forecast to $3.22 billion to $3.23 billion from a previous forecast of $3.19 billion to $3.21 billion, above the consensus of $3.20 billion. Crowdstrike Holdings (CRWD) is up more than +14% to lead gainers in the Nasdaq 100 after raising its 2027 adjusted operating income forecast to $1.50 billion-$1.51 billion from a previous forecast of $1.45 billion-$1.48 billion, better than the consensus of $1.47 billion. Also, Palo Alto Networks (PANW) and Zscaler (ZS) are up more than +9%, and SentinelOne (S) is up more than +7%. In addition, Cloudflare (NET) and Fortinet (FTNT) are up more than +4%.
Veeva Systems (VEEV) is up more than +17% to lead gainers in the S&P 500 after reporting Q2 adjusted EPS of $2.35, above the consensus of $2.22, and raising its 2027 adjusted EPS forecast to $9.21 from a previous forecast of $9.05, stronger than the consensus of $9.06.
Nutanix (NTNX) is up more than +6% after reporting Q4 revenue of $757.1 million, better than the consensus of $738.1 million.
Dollar General (DG) is up more than +4% after reporting Q2 net sales of $11.29 billion, stronger than the consensus of $11.19 billion, and raising its 2027 comparable sales forecast to up +2.5% to +2.9% from a previous forecast of +2.2% to +2.7%, higher than the consensus of +2.42%.
Wendy’s (WEN) is down more than -12% after Reuters reported that Trian Fund Management has no plans to make a bid at this time to take the company private.
Hormel Foods (HRL) is down more than -7% to lead losers in the S&P 500 after reporting Q3 net sales of $2.96 billion, below the consensus of $3.03 billion, and cutting its full-year net sales forecast to $12.1 billion to $12.2 billion from a previous forecast of $12.2 billion to $12.5 billion, weaker than the consensus of $12.24 billion.
HP Inc. (HPQ) is down more than -5% after forecasting Q4 adjusted EPS of 69 cents to 79 cents, the midpoint above the consensus of 67 cents, but without an 8-cent-per-share boost from tariff refunds, the outlook would be below consensus.
Dollar Tree (DLTR) is down more than -2% after forecasting Q3 net sales of $5.0 billion to $5.1 billion, the midpoint below the consensus of $5.06 billion.
Earnings Reports (8/27/2026)
Affirm Holdings Inc (AFRM), Autodesk Inc (ADSK), Best Buy Co Inc (BBY), Burlington Stores Inc (BURL), Dollar General Corp (DG), Dollar Tree Inc (DLTR), Elastic NV (ESTC), Forgent Power Solutions Inc (FPS), Gap Inc/The (GAP), Hormel Foods Corp (HRL), IREN Ltd (IREN), Marvell Technology Inc (MRVL), Rubrik Inc (RBRK), SentinelOne Inc (S), Ulta Beauty Inc (ULTA), Workday Inc (WDAY).
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.
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