Consumers are finding room for electronics in their budgets

Dollar General (DG) and Dollar Tree (DLTR) report increased sales from higher-income shoppers. DG's Q2 net sales rose 5.2% to $11.29B, with $1 items driving 16% sales growth. DLTR's Q2 sales surged 7% to $4.89B, with middle- and high-income households contributing. Both companies raised full-year outlooks, highlighting a trend of value shopping among affluent consumers.

Nvidia (NVDA) reported strong Q2 earnings and raised Q3 revenue guidance to $108B, driving its stock up 9% and boosting tech sector gains. Nasdaq, S&P 500, and Dow closed higher. Other notable movers include Okta (OKTA) +29%, Salesforce (CRM) +23%, and CrowdStrike (CRWD) +20%. Corporate profits surged $400B in Q2, partly due to $71B in tariff refunds.

Best Buy raised its fiscal year outlook after reporting a 4.1% increase in comparable sales in Q2. Meanwhile, states are investing in tech startups to address rural healthcare challenges, despite the unproven nature of these companies.

Best Buy's revenue growth in Q2 was driven by higher computer prices due to a memory chip shortage, with comparable sales up 4.1%. The company raised its full-year guidance but expects computer sales to slow. Best Buy's stock fell over 4% post-earnings. CEO Corie Barry will step down, with Jason Bonfig taking over in November.

Best Buy reported a 4.3% rise in Q2 revenue to $9.78bn, with operating income up 67.7% to $421m. Domestic sales grew 4.5%, while international sales fell 4.2%. The company raised its FY27 guidance, citing strong performance. CEO Corie Barry will step down in Q3 2026.

Best Buy (BBY) reported Q2 CY2026 revenue of $9.78B, up 3.6% YoY, beating estimates. Adjusted EPS was $1.47, 6.5% above consensus. Full-year revenue guidance was raised to $42.55B. Operating margins improved to 4.3%. Growth was driven by computing, home theater, and emerging categories like AI glasses. Management expects continued momentum in these areas and from digital initiatives.