Manolis Eva sold $1.4M of FICO

Fair Isaac (FICO) said elevated interest rates and affordability issues are keeping U.S. mortgage loan originations below historical norms, citing low single-digit year-over-year growth in Q3 volumes. Despite this, FICO raised FY2026 guidance to $2.53B revenue and $42.43 non-GAAP EPS, reporting Q3 revenue of $674M and Scores revenue up 41%.

Fair Isaac (FICO) shares fell about 6.8% after Wolfe Research downgraded the stock to Peer Perform from Outperform, citing a recent third-quarter revenue miss and competitive pressure from VantageScore. The decline also followed Director Eva Manolis selling 967 shares and Amundi disclosing it reduced its stake in Q1. FICO is down 36.3% YTD.

US stocks rose as investors digested strong Q2 earnings expectations and results, led by Microsoft. The article cites Bloomberg Intelligence forecasts for Q2 earnings up about 23% and notes 86% of 243 S&P 500 firms beat estimates. It also reports chip and AI-infrastructure gains tied to Lam Research and other semis, while some software names fell.

Wall Street ended sharply higher Thursday, with chip stocks jumping and Microsoft logging its biggest daily percentage gain in 18 years after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure. Microsoft jumped more than 15 percent, boosting its stock market value by $450 billion, the greatest-ever single-day increase for a company on Wall Street. The tech heavyweight forecast quarterly sales and cloud growth above expectations.

U.S. stocks rose as Microsoft’s results eased fears of heavy AI spending. Microsoft shares jumped about 14% after its forecast for current-quarter sales and cloud growth beat expectations, with capex below estimates and cash generation through fiscal 2027. Investors also weighed new GDP and inflation data, while Meta fell 9% on a sharp free-cash-flow drop.

US stock index futures rose in premarket after a prior selloff tied to Fed-related concerns. Microsoft shares jumped about 9% after cloud growth accelerated, while Meta fell about 8% after revenue guidance disappointed and free cash flow was weak. Bond selling slowed and 30-year yields hit a two-decade high near 5.22%. Several other earnings moves were reported, including MO, CVNA, CMG, and QCOM.