Stocks making the biggest moves midday: Nvidia, Okta, Hormel, Veeva, HP, Celsius, Best Buy & more
Nvidia surged 9% after Q2 earnings and revenue beat estimates, with revenue more than doubling. Veeva Systems rose 16% on strong Q2 results and upbeat guidance. HP fell 4% despite beating revenue and earnings estimates. Moderna dropped 4% after announcing a $2B convertible notes sale. Celsius Holdings fell 6% on a Deutsche Bank downgrade. Dollar General jumped 5% after raising full-year earnings guidance. Salesforce soared 21% on strong Q2 results. Okta increased 27% after beating Q2 expectation
How this was made
The 30-second read
Why it matters
Earnings beats across multiple sectors provide fresh data for traders; guidance revisions create divergent price actions.
Market read
The article delivers primary earnings data for several large-cap stocks, offering actionable insights for short‑term traders.
What to watch
Supply‑chain constraints and rising input costs could dampen future performance despite current beats.
Background
Midday roundup of U.S. stocks with notable price moves driven by Q2 earnings releases and guidance updates.
Ticker impact
NVDA surged 9% after reporting Q2 revenue of $96.22B and EPS $2.22, beating estimates.
Potential continued rally if guidance holds.
Revenue more than doubled YoY and guidance above consensus.
VEEV jumped 16% after Q2 results beat estimates and guidance of $2.33‑$2.34 EPS on $932‑$935M revenue.
Likely short‑term upside.
Guidance exceeds consensus, reinforcing growth narrative.
MRNA dropped 4% after announcing a $2B private placement of convertible senior notes.
Short‑term pressure on price.
Convertible issuance signals financing need.
CELH fell almost 6% after Deutsche Bank downgraded it to hold, citing weaker Q2 trends.
Further decline likely.
Analyst downgrade reflects deteriorating fundamentals.
DG rose 5% after raising full‑year EPS guidance to $7.80‑$8.00 and announcing a share repurchase.
Potential upside continuation.
Improved earnings outlook and capital return program.
DLTR fell >2% despite Q2 beat; Q3 guidance missed expectations.
Possible modest downside.
Beat offset by weak forward guidance.
BURL slid 6% after Q2 sales missed and guidance fell short of estimates.
Likely further decline.
Guidance below consensus signals slowdown.
BBY fell 4% after Q2 beat and raised FY2027 guidance, but analysts remain cautious on margins.
Sideways to slight downside.
Guidance lift tempered by margin uncertainty.
Market effects
Broad earnings beats in AI, cloud, cybersecurity boost sector sentiment.
U.S. equities see heightened volatility across tech and consumer sectors.
Strong U.S. tech earnings may influence global risk appetite.
Counterpoint
Some beats may be short‑lived; margin pressures and guidance gaps could reverse gains.
Key entities
- CompanyNvidia
AI hardware leader reporting doubled revenue.
- CompanyOkta
Identity management firm beating Q2 expectations.
