Up:

  • Fortinet's operating margin pleases investors (+23.90%)

Fortinet stock soared after the cybersecurity provider posted second-quarter earnings and revenue that exceeded Wall Street analyst estimates. A notable highlight was the growth in operating margin.

  • Shopify: Better-Than-Expected Results (+22.1%)

Shopify's shares surged after the company reported second-quarter revenue and profit that exceeded Wall Street estimates. The e-commerce platform also provided an optimistic outlook for the third quarter, expecting revenue growth in the low-to-mid-twenties percent range, which further fueled the stock's rally.

  • Palantir: AI Demand Drives Growth (+5.8%)

Palantir shares jumped following the company's upward revision of its annual revenue forecast to $2.74 billion. The strong performance is attributed to unprecedented demand for its artificial intelligence solutions, which drove significant growth in both commercial and government sectors.

  • Uber: Revenue Beats Expectations (+4.7%)

Uber's stock climbed after the company reported quarterly revenue of $10.7 billion, surpassing analyst expectations. The strong financial performance boosted investor confidence, leading to a rise in the share price.

  • Apple: Potential Antitrust Boost (+2.8%)

Apple's shares rose by 2.8% as the company could potentially benefit from a recent antitrust ruling against Google. The ruling supports Apple's defense in its own antitrust case, suggesting that limiting third-party access to its technology is not necessarily anti-competitive. This development provided a positive outlook for Apple's ongoing legal challenges.

  • Alphabet: New Streaming Device and Antitrust Ruling (1.64%)

Alphabet's stock saw a modest increase following the announcement of a new streaming device, the Google TV Streamer, which is set to replace Chromecast. The device promises faster performance and better content curation, powered by artificial intelligence. Additionally, a recent antitrust ruling against Google could benefit Apple in its own legal battles, adding a layer of complexity to Alphabet's market position.

  • Nvidia: Stabilization After Sharp Decline (0.5%)

Nvidia's shares stabilized after a sharp decline of 6.36% on Monday. The stock had been under pressure due to broader market concerns, but it showed signs of recovery as investors sought buying opportunities at lower prices.

Down:

  • Airbnb: Lower Guidance Hits Hard (-12.7%)

Airbnb's stock plunged after the company provided a disappointing forecast for the next quarter, citing a slowdown in demand from American tourists. Although the second-quarter revenue met expectations, the outlook for the upcoming quarter fell short, leading to a significant drop in share price.

  • Tripadvisor: Mixed Results Lead to Decline (-11.9%)

Tripadvisor shares dropped by 11% following the release of mixed financial results. The market reacted negatively to the company's performance, which did not meet investor expectations, leading to a sell-off in the stock.

  • Amgen: Tightened Financial Guidance (-4.4%)

Amgen's stock saw a slight decline as the company tightened its full-year revenue forecast to a range of $32.8 to $33.8 billion. Despite a 20% increase in second-quarter revenue, the company's earnings per share fell by 46% due to higher operating expenses, including costs associated with acquired assets from Horizon.

  • Disney: Theme Parks Drag on Earnings (-1.7%)

Walt Disney shares fell despite reporting a return to profitability in the third quarter and revenue exceeding analyst expectations. The decline is attributed to concerns over future performance in its theme parks division, which is expected to see a drop in operating margins in the fourth quarter. Disneyland Paris, in particular, faced stiff competition from the Olympic Games, impacting visitor numbers.