Stock Movers: Jabil, Tesla, Costco Earnings, and Oracle/Dell TikTok News

Jabil's AI Segment Pressure

• 📉 Jabil shares fell significantly, down as much as 6%, following analyst flagging of an AI segment margin miss.
• ⚠️ Despite strong headline numbers, the company's performance in the Intelligent Infrastructure segment and its 2026 guidance were seen as a net negative.

Tesla's European Sales Decline

• 🚗 Tesla was the worst performer among the Magnificent Seven stocks, with shares down 4.4%.
• 📉 This decline was attributed to a 22% drop in European sales in August, despite overall EV sales rising in the region.
• 💡 Hybrids emerged as a particularly bright spot in the European EV market, contrasting with Tesla's performance.

Costco's Steady Consumer Demand

• 🛍️ Costco reported quarterly profits that beat expectations, indicating healthy consumer spending.
• 📊 Comparable sales, excluding gas and currency, also surpassed expectations, with shares showing little change.
• 🛒 The retailer's resilience is linked to shoppers prioritizing essentials and value, its bulk offerings, and its popular Kirkland brand.

Oracle and Dell's After-Hours Activity

• 📈 Oracle and Dell Technologies saw gains in after-hours trading, rising 1.2% and 0.21% respectively.
• 📰 This activity follows news regarding the potential valuation of TikTok's US operations at $14 billion, with Dell and Rupert Murdoch mentioned as potential investors.