Stocks rise as volatile bond market adds pressure | Arkansas Democrat Gazette

Freeport-McMoRan (FCX) shares are up 121% from their 52-week low, driven by record copper prices and strong Q2 earnings. However, valuation concerns, overbought technicals, and production challenges raise questions about the rally's sustainability. FCX trades at $77.82 with a P/E of 38.1x, and analysts see a slight downside.

U.S. stocks rose on Friday, with the S&P 500 up 0.4%, the Dow Jones up 1%, and the Nasdaq up 0.4%. Ross Stores led gains with a 4.4% rise after reporting strong earnings. Bitcoin surged above $77,000, boosting crypto-related stocks like Robinhood and Coinbase. Treasury yields climbed, with the 10-year yield at 4.73%, driven by inflation concerns and geopolitical tensions. Gold prices also rose, benefiting miners like Newmont and Freeport-McMoRan.

Better Mortgage and Coinbase (COIN) have launched a crypto-backed mortgage for Coinbase One members, allowing them to use digital assets for down payments. The product is now generally available after a successful trial. Better offers a 1% credit on mortgages, capped at $10,000. Coinbase aims to integrate crypto into housing finance, while Better expands its lending platform.

Ross Stores (ROST) reported Q2 revenue of $6.26B, up 13%. The company raised its full-year EPS forecast to $8.61-$8.77 and expects strong comparable-store sales growth. Ross benefits from consumers seeking value and excess inventory opportunities, but faces risks from tariffs and competition.

Ross Stores (ROST) reported Q2 2026 sales of $6.3B, up 13% YoY, with comparable store sales growth of 10%. Net income rose to $851M from $508M YoY, and EPS was $2.66, including a $0.60 benefit from tariff refunds. The company opened 47 new stores and raised its annual target to 115. Q3 guidance forecasts 6-7% comp sales growth and EPS of $1.75-$1.83. Management cited strong customer traffic and successful marketing efforts, but noted higher fuel costs as a headwind.

OSI Systems (OSIS) reported Q4 revenue of $484.1M, missing estimates by $45.6M, while full-year revenue was $1.786B, below guidance. Non-GAAP EPS met expectations at $3.78. Operating cash flow and backlog reached records, but shares fell due to revenue miss and delayed deliveries. Fiscal 2027 guidance projects revenue growth of 5% to 8.1% and EPS growth of 7.5% to 11%.