Core Insights - Ten large-cap stocks experienced significant declines last week, raising concerns for investors regarding their portfolio holdings [2] Company Performance Summary - Oklo Inc. (NYSE:OKLO) lost 15.15% this week [2] - Rigetti Computing, Inc. (NASDAQ:RGTI) fell 17.94% amid reports of the Trump administration negotiating with U.S. quantum computing firms for federal funding [2] - STMicroelectronics (NYSE:STM) declined 17.17% after providing fourth-quarter revenue guidance below analyst expectations [2] - D-Wave Quantum Inc. (NYSE:QBTS) dropped 17.57% this week [2] - NuScale Power Corporation (NYSE:SMR) fell 18.53% following a downgrade from Citigroup, which lowered its price target from $46 to $37.50 [2] - Deckers Outdoor Corporation (NYSE:DECK) decreased by 13.33% after issuing fiscal year 2026 sales guidance below expectations, leading to multiple analyst price forecast reductions [2] - Fermi Inc. (NASDAQ:FRMI) saw a decline of 14.71% this week [2] - Harmony Gold Mining Company (NYSE:HMY) fell 13.16% as precious metals stocks declined due to a pullback in gold and silver prices [2] - MP Materials Corp. (NYSE:MP) dropped 11.75% as rare earth mineral-related stocks traded lower following a U.S.-Australia deal to boost supplies of critical metals [2] - AST SpaceMobile, Inc. (NASDAQ:ASTS) fell 14.75% after announcing a proposed private offering [2]

Analyst Ratings & Price Target Changes - Intel saw multiple firms raise price targets after Q3 earnings beat, with Benchmark setting a high target of $50 per share [2] - Deckers Outdoor experienced price target cuts from Raymond James and Telsey Advisory Group due to weak 2026 sales forecast [3] - Citizens upgraded eBay to outperform, citing improved consumer experience in key categories [4] - Steeple raised eBay's price target to $89, just below the average 12-month target of roughly $92 [5] - Bank of America upgraded Zion's Bank Corp to neutral, raising its price target to $62 per share, seeing room for a rebound [8][9] - UBS cut Madna's price target to $40 from $70 after a failed vaccine trial, but maintains a buy rating [9] - Wedbush trimmed Netflix's price target to $1400 from $1500, but maintained outperform rating, implying roughly 13% upside [12] - Morgan Stanley upgraded 3M to equal weight, raising its price target to $160 from $130 [13][14] - Wedbush raised Snowflake's price target to $270 from $250, anticipating growth from AI use cases [21] - Goldman Sachs upgraded Darden Restaurants to buy, citing improved value proposition and less exposure to lower-income consumers [22] Company Specific Insights - Morgan Stanley maintains outperform rating on Tesla with a $410 price target, highlighting robo taxi potential and calling Tesla a "forgotten AI stock" [7] - Bank of America expects Meta's Q3 sales of $50 billion and earnings of $730% a share, driven by AI-powered ad engine [16] - UBS is staying neutral on Starbucks, trimming its price target to $94 a share, expecting flat US theme store sales and operating margins around 10% [17][18] - City added Reddit to its positive 90-day catalyst watch, raising its price target to $250 from $220, expecting third quarter earnings to come in significantly above expectations [19] - BNB Paraba upgraded Lululemon to neutral, noting the stock is down more than 50% year to date and negative catalysts are less clear [20]

Core Viewpoint - Raymond James analyst Rick Patel has lowered the price target for Deckers Outdoor (DECK) to $115 from $137 while maintaining a Strong Buy rating on the shares, indicating a cautious outlook despite positive performance indicators [1]. Financial Performance - Deckers reported a Q2 earnings beat across EPS, revenue, and margins, showcasing strong financial performance in the recent quarter [1]. - The company initiated guidance for FY26, which implies a deceleration in growth moving forward [1]. Market Reaction - Following the earnings report, Deckers' stock experienced a decline in after-market trading, reflecting market concerns despite the positive earnings results [1]. Positive Indicators - Underlying demand for HOKA remains strong, suggesting robust consumer interest and potential for continued sales growth [1]. - HOKA's U.S. direct-to-consumer sales improved quarter-over-quarter in Q2, indicating effective sales strategies and consumer engagement [1]. - Stronger UGG wholesale sell-in is viewed as a sign of strength, reflecting positive relationships with retailers and demand for the brand [1]. - International growth is strong, demonstrating that Deckers is successfully applying its U.S. business strategies in global markets [1].

Core Insights - Deckers Outdoor Corporation (NYSE: DECK) reported strong fiscal Q2 results for the period of July-September, highlighting continued strength in its primary brands, HOKA and UGG [1] Financial Performance - The company demonstrated robust performance in its footwear segment, particularly with the HOKA brand, which has been a significant driver of growth [1] Market Position - Deckers maintains a competitive position in the footwear industry, leveraging its brand strength and market presence to capture consumer interest and drive sales [1]

Core Insights - Deckers Outdoor Corporation (NYSE: DECK) reported strong fiscal Q2 results for the period of July-September, highlighting continued strength in its primary brands, HOKA and UGG [1] Financial Performance - The company demonstrated robust performance in its footwear segment, particularly with the HOKA brand, which has been a significant driver of growth [1] Market Position - Deckers continues to capitalize on the growing demand for performance footwear, positioning itself favorably within the competitive landscape of the footwear industry [1]

Core Insights - Deckers Outdoor Corporation (NYSE:DECK) is facing challenges in a competitive market, with Telsey Advisory maintaining a "Market Perform" rating and a revised price target of $105, down from $120 [2][6] - The company's stock price has declined by 12.7% following the release of its fiscal Q2 report, despite exceeding earnings per share and revenue expectations [2][3] - Concerns over slowing growth in the Hoka brand and a softer U.S. market have led to downgrades from multiple Wall Street firms [3][6] Financial Performance - Deckers reported fiscal Q2 earnings of $1.82 per share, surpassing estimates, but the full-year revenue guidance fell short of Wall Street expectations [3][5] - The company now projects full-year sales of approximately $5.35 billion, which is below the consensus forecast by analysts [5] Brand Performance - Hoka's growth is projected to be in the low-teens percentage range for fiscal 2026, a significant decrease from the 24% growth seen in the previous year [4] - Ugg is expected to grow in the low to mid single-digit percentage range, down from a 13% growth rate in the prior year [4] Market Conditions - The U.S. market is described as softer, with CEO Stefano Caroti noting a more cautious consumer base due to tariffs and rising prices [5][6] - The company is considering mitigation strategies, such as promotions, to attract shoppers amid these challenges [5][6]

Core Insights - Ford Motor Company was the best-performing stock in the S&P 500, with shares soaring over 12% after reporting third-quarter earnings that exceeded analysts' expectations [4][7] - Deckers Outdoor, a shoes and apparel maker, saw its shares plunge more than 15% due to a weaker-than-expected outlook, citing potential pullback in consumer spending driven by tariffs and higher prices [6][7] Market Performance - Major U.S. equity indexes reached record highs, with the Nasdaq rising 1.2%, the S&P 500 adding 0.8%, and the Dow climbing 1% to finish above 47,000 for the first time, all posting roughly 2% gains for the week [3] - Other automakers, including General Motors, also experienced share price increases following Ford's strong performance [4] Sector Movements - Shares of International Business Machines (IBM) and Advanced Micro Devices (AMD) jumped nearly 8% after IBM's successful implementation of a quantum computing algorithm on an AMD chip, contributing to a 1.9% increase in the SOX index of semiconductor stocks [5] - Newmont, the world's largest gold miner, experienced a 6.2% decline in shares despite reporting third-quarter results that surpassed analysts' estimates, amid concerns regarding its production outlook [6]

Core Viewpoint - Deckers Outdoor Corporation (DECK) is facing a challenging market environment despite strong brand performance, with a new price target suggesting potential upside but recent guidance leading to a significant drop in share price [1][2][5] Financial Performance - DECK reported second-quarter revenue of $1.43 billion, reflecting a 9.1% year-over-year increase, and earnings per share of $1.82, surpassing the consensus estimate of $1.58 [2][5] - The company's full-year revenue midpoint is projected at $5.35 billion, approximately 2% below analyst expectations [3] Market Reaction - Following cautious future guidance, DECK's stock price fell over 14% in early trading, currently priced at $89.40, down 12.81% from previous levels [3][4] - The stock has fluctuated between a low of $86.83 and a high of $90.95, with a market capitalization of approximately $13.26 billion [4] Brand Performance - HOKA sales increased by 11.1% and UGG sales rose by 10.1%, indicating strong brand-level performance despite overall guidance concerns [3] - International sales showed a robust 29.3% increase, which helped offset a slight 1.7% decline in domestic sales [4] Analyst Insights - Dana Telsey from Telsey Advisory set a new price target for DECK at $105, suggesting a potential increase of approximately 16.92% from its current price [1][5] - Jim Cramer described DECK's stock as "overly hated," highlighting the market's negative sentiment despite the company's strong earnings performance [2]

Core Viewpoint - Deckers Outdoor Corp. shares experienced a decline of over 11% following a disappointing annual forecast and concerns regarding U.S. tariffs impacting demand [1] Group 1: Financial Performance and Forecast - The company forecasts annual sales to be approximately $5.35 billion, which is below the consensus estimate of $5.45 billion [3] - Deckers expects total tariff-related expenses to be around $150 million, a reduction from earlier projections of $185 million [2] Group 2: Market Conditions and Consumer Behavior - Heightened uncertainty surrounding tariffs has led to concerns that increased import costs may compel retailers to raise prices, resulting in reduced discretionary spending by consumers [1] - CEO Stefano Caroti indicated that consumers are likely to remain "cautious" in the second half of the fiscal year as higher retail prices are implemented [3] Group 3: Strategic Responses - To mitigate margin pressures, Deckers has introduced selective price increases in July and plans further adjustments throughout the fiscal year [2][3]

Core Insights - Deckers Outdoor (NYSE: DECK) stock fell 12.6% despite exceeding earnings expectations, reporting $1.82 per share against an analyst forecast of $1.58 [1][3] - Revenue for Q2 2026 grew by 9% year over year, with earnings increasing by 14%, driven by strong performance from HOKA and UGG brands [3] - Management's guidance for gross margins and SGA expenses disappointed investors, leading to concerns about future earnings growth [4][5] Financial Performance - Deckers reported Q2 2026 revenue of $1.4 billion, with a gross margin of 56.2%, up 30 basis points from the previous year [3] - Selling, general, and administrative expenses rose by 11%, outpacing sales growth, which may impact future profitability [3][4] - The company projected earnings for the year to be between $6.30 and $6.39 per share, which represents minimal growth compared to last year's $6.33 [5][6] Market Reaction - Despite beating earnings expectations, the lack of significant growth in earnings guidance led to a sell-off in Deckers stock [5][6] - Investors were looking for more aggressive growth projections, especially given the stock's valuation at 14 times trailing earnings [5]