Stocks Jump Ahead of Nvidia Results; Tech Shares Help Major Indexes Rebound Further After Tumbling Monday

Taser Maker Axon Enterprise ‘Supercharged by AI’

FROM 31 minutes ago

Axon Enterprise (AXON) says its business is “supercharged by AI.” Investors are supercharging its shares Wednesday.

The Taser maker was easily the best-performing stock in the S&P 500 in late-morning trading, with shares up 22%.

After the bell yesterday, Axon reported fiscal 2025 fourth-quarter adjusted earnings of $2.15 per share on net sales that increased 39% year-over-year to $796.7 million. Analysts surveyed by Visible Alpha had expected $1.59 and $756.2 million, respectively.

“Axon can be the provider of the world’s largest, global sensor network, fully connected and supercharged by AI,” founder and CEO Patrick Smith said on the earnings call, according to a transcript provided by AlphaSense. “We will power the most intelligent, connected safety devices globally. We will connect those sensor devices across the full lifecycle of how they’re used, and we’ll build AI into every workflow, safely, securely, and reliably.”

For fiscal 2026, Axon sees revenue growth of 27% to 30%, also above estimates.

Morgan Stanley equity analyst Meta Marshall wrote in a note that Axon’s results and outlook were “meaningfully better than expectations,” adding that “we continue to think that AXON is a unique asset, with durable high growth potential, numerous ways to win, and some of the best demonstrated AI as a revenue driver success in the market.”

With today’s gains, Axon shares moved into positive territory over the past 12 months.

TJX ‘Continued to Defy Odds’ in Q4

FROM 2 hr 4 min ago

The TJX Companies’ (TJX) fiscal 2026 fourth-quarter earnings report impressed Aptus Capital Advisors’ David Wagner. Investors evidently had a similar takeaway.

The TJ Maxx, Marshalls, and HomeGoods parent reported better-than-expected Q4 results before the bell Wednesday, and shares rose about 2% despite issuing what Wagner, Head of Equity and Portfolio Manager at Aptus Capital Advisors, called “conservative guidance.”

TJX reported adjusted earnings of $1.43 per share on net sales that increased 9% year-over-year to $17.74 billion. Analysts surveyed by Visible Alpha had expected $1.38 and $17.34 billion, respectively.

In addition, comparable sales growth of 5% easily topped analysts’ expectations of 3.4%. For the current quarter, TJX sees comparable sales growth of 2% to 3%, below the consensus estimates of 3.45%.

The company said it intends to increase its regular quarterly dividend by 13% and plans to repurchase roughly $2.50 billion to $2.75 billion of stock during the current fiscal year, which ends Jan. 30, 2027.

“Expectations were high heading into this AM’s report, yet the company continued to defy odds with another great report, as earnings were driven by broad based sales strength, positive margin commentary and lower shrink,” Wagner said. “I think the market has become accustomed to conservative guidance from the company, so we aren’t worried about that, but overall fundamentals remain quite strong which the 13% dividend hike highlighted.”

TJX shares have risen about 30% over the past 12 months.

Cava Group Stock Pops on Strong Results

FROM 3 hr 48 min ago

Shares of Cava Group (CAVA) surged in premarket trading after the restaurant chain reported better-than-expected fourth-quarter results.

The Mediterranean-themed restaurant posted adjusted earnings per share of $0.04 on revenue of $273 million, both better than the consensus estimate of analysts compiled by Visible Alpha.

The restaurant chain’s same-store sales grew by 0.5% for the quarter, while the analyst consensus had called for a 1.1% decline.

The chain revealed it opened 24 new restaurants in the year’s final quarter, also above expectation. 

Cava shares were up 9% an hour before the bell.

–Terry Lane

Who Wins And Loses in the Latest Tariff Tumult

FROM 4 hr 26 min ago

The smoke is still clearing from the latest shakeup of U.S. trade policy this week, but economists have identified definite winners and losers from the latest changes to tariffs.

The tariff landscape got turned on its head last week when the Supreme Court ruled the majority of the import taxes President Donald Trump imposed last year under emergency powers were illegal. In response, Trump called for a 15% worldwide tariff under a different legal mechanism.

Because the old tariffs established under the International Economic Emergency Powers Act targeted individual countries with specific rates, replacing them with a one-size-fits-all rate creates definite winners and losers.

Read the full article here.

–Diccon Hyatt

Supreme Court Blocked Tariffs, Yet Consumers Won’t See Savings

FROM 5 hr 18 min ago

Most of President Donald Trump’s sweeping tariffs have been overturned—but that doesn’t mean prices will fall in accordance.

Last week, the Supreme Court ruled that most of the tariffs imposed under the Trump administration were illegal. In a 6-3 decision, Supreme Court justices said the International Emergency Economic Powers Act (IEEPA) of 1977, which the president used to implement about 75% of the tariffs in 2025, does not give the president the authority to enact these import taxes. Tariffs on specific items, such as automobiles and steel, remain in place.

An analysis released Friday morning by the Yale Budget Lab found that the ruling would have cut the average tariff rate on all imports almost in half, to 9.1%. Price increases from tariffs were also expected to slow from 1.2% to 0.6%, and the income loss for a typical household from tariffs would have been cut in half, to about $618.

But later that day, Trump announced he would impose a 10% global tariff under a different legal mechanism. The administration also said it will begin investigating other countries to determine if it can impose tariffs on them for unfair trade practices under Section 301 of the Trade Act of 1974. These investigations could take months.

Read the full article here.

–Elizabeth Guevara

Stock Futures Point Higher Ahead of Nvidia Earnings

FROM 5 hr 43 min ago

Futures contracts connected to the Dow Jones Industrial Average pointed 0.2% higher.

S&P 500 futures also were up 0.2%.

Nasdaq 100 futures were 0.2% higher as well.