Gap delivered the evening's sharpest print. The retailer guided FY2026 EPS to $2.83–$2.93, well above the $2.39 estimate. Revenue guidance was trimmed slightly to $15.52–$15.67 billion. Shares moved after hours as bulls focused on the profit upgrade.
American Eagle Outfitters moved in the opposite direction. The stock dropped sharply after hours following its results. Retail is showing a clear split. Strong execution wins. Weak operators are punished fast.
Agilent Technologies soared on a broad Q2 beat. The tools sector stock stood out as one of the cleaner beats of the reporting season.
UiPath gave a mixed read. Q1 earnings missed slightly at $0.15 versus $0.16 expected. Revenue beat at $418M. FY2027 guidance was raised to $1.776–$1.781 billion.
Chip stocks are heading for their biggest gains since the dotcom era. The Philadelphia Semiconductor Index is up 75% in 2026, driven by Big Tech data centre spending. A new chipmaker ETF — — surged 87% in just 50 days after its April launch.
European stocks slid today despite a defence sector rally. Ukraine ratifying a $105 billion EU loan deal lifted defence names. Meanwhile, the UK imposed sanctions on crypto exchange Huobi, linked to Russia sanctions evasion.
The rouble's strength is now squeezing Russia's war economy. Rising energy export revenues have pushed the currency to a three-year high. That makes other Russian exports less competitive.
eBay short interest jumped 16.8% in a single day to 3.6% of float. Shares shorted climbed to 16.3 million — up 23.9% over the week. The timing coincides with news that Etsy and eBay extended their Depop sale timeline to Q3 2026. Bears appear to be fading the deal delay.
Earnings results from Costco and Autodesk are still anticipated from today's calls, with Costco's $445 billion market cap making it the week's heavyweight reporter.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
