Premarket movers: Crypto stocks rally, Ross Stores jump on upbeat forecast

Ross Stores (ROST) reported Q2 earnings of $2.66 per share, beating estimates by 37.1%, with revenue at $6.30B. The company raised full-year EPS guidance to $8.61–$8.77. A $253M tariff refund boosted margins, but adjusted operating margin also improved. Comparable-store sales grew 10%. Management guided Q3 comps at 6-7%. Analysts are divided on the stock's valuation, with some seeing it as overextended.

CleanSpark (CLSK) fell 6% despite a 7% Bitcoin rally, while MARA remained flat. Investors are reassessing miners' pivot to AI landlord roles. CleanSpark's mining revenue dropped 30%, and EBITDA turned negative. Riot Platforms' $9.1B AI deal initially boosted shares but gains faded. The CoinShares Valkyrie Bitcoin Miners ETF (WGMI) fell 3% on the day.

President Trump announced a plan to temporarily allow 300,000 metric tons of imported beef at 25% below market rates, aiming to lower prices for consumers. The move has drawn criticism from rural-state Republicans concerned about harm to U.S. ranchers. U.S. stocks rose, with the S&P 500 and Nasdaq each gaining 0.5%, and the Dow adding 424 points, as bond market volatility eased. Ross Stores reported stronger-than-expected profit and revenue, driving its stock rally.

Ross Stores (ROST) reported Q2 fiscal 2026 earnings of $2.06 per share, exceeding estimates and guidance. Total sales rose 13% YoY to $6.27B, driven by strong customer traffic and comparable store sales growth. The company raised its FY26 outlook, including increased store openings and higher earnings projections. Operating margins expanded despite cost pressures, supported by tariff refunds and higher merchandise margins.

BJ's Wholesale shares rose 4% after Q2 earnings beat estimates, with revenue at $6.09B and EPS guidance raised. Ross Stores also gained over 4% on strong Q2 results and upbeat Q3 guidance. Crypto-related stocks like Robinhood and Coinbase surged as bitcoin climbed over 20% for the week. Broadcom rose 1% on reports of a $60B debt plan for a deal. OSI Systems dropped 10% after missing revenue expectations. The Boston Beer Company fell 3% following CFO departure news. O-I Glass jumped 10% after a C

Robinhood Markets Inc. (HOOD) stock rose 13.34% on August 21, 2026, driven by regulatory approvals for new crypto trading features and private-market bets. The company reported quarterly revenue of $1.308B, with an EBIT margin of 19.5% and profit margins over 40%. Goldman Sachs raised its price target to $123, and the average target is $124.73. HOOD is expanding into private-market access and international crypto trading, with new products like the Robinhood Ventures Fund II (RVII).