Stock Movers: Autodesk Soars, Dell & Caterpillar Drop, Petco Rises

Autodesk's Strong Performance

• 🚀 Autodesk (ADSK) is experiencing a significant surge, trading up approximately 10%.
• 💡 The company reported a strong second-quarter earnings report, exceeding expectations and raising its full-year forecast.
• 📈 Wall Street analysts are calling it one of the best revenue and billings beats in years, leading to numerous price target upgrades from firms like Wells Fargo, UBS, and Stifel.

Dell Technologies' Mixed Results

• 📉 Dell Technologies (DELL) is trading lower by about 6.4%, despite beating earnings estimates.
• ⚠️ Concerns stem from a dropping AI server backlog, with AI server orders decreasing from $12.1 billion to $5.6 billion quarter-over-quarter.
• 📊 Additionally, Dell reported lower profit margins in its infrastructure unit than analysts anticipated.

Caterpillar's Tariff Headwinds

• 🔻 Caterpillar (CAT) is down approximately 3% due to a warning about larger-than-expected tariff impacts.
• 💰 The company now anticipates a net tariff headwind of about $500 million to $600 million for the third quarter and $1.5 billion to $1.8 billion for 2025.

Petco's Positive Outlook

• ✨ Petco (WOOF) is trading higher by almost 18%, nearing $4 a share.
• 🎯 The pet food maker provided third-quarter guidance that surpassed expectations and improved its 2026 outlook.