Stock Movers: Nuclear Stocks Surge, Intuit Earnings Beat, Deckers & Ross Stores Guidance Concerns

Nuclear Stocks Rally on Executive Order

• 🚀 Oklo (OKLO) and other nuclear power stocks surged, with Oklo up nearly 20% pre-market.
• 💡 This rise is attributed to a Reuters report stating President Trump will sign executive orders to jumpstart the nuclear industry.
• 🎯 The executive orders aim to ease regulatory approval processes and strengthen nuclear fuel supply chains.
• ⚡ Companies like Oklo, New Scale Power, and Nanuclear are seen as potential providers of power for data centers, playing into the AI trade.

Intuit Beats Expectations with Strong Earnings

• 💰 Intuit (INTU) shares rose in extended trading after reporting better-than-expected third-quarter results.
• ✅ The tax-preparation software company exceeded revenue estimates by 2% and earnings per share by 6%.
• 📈 Intuit raised its full-year earnings forecast to over $20 per share, up from previous guidance of around $19.

Deckers and Ross Stores Face Guidance Challenges

• ⚠️ Deckers (DECK), maker of Uggs and Hoka shoes, saw its shares decline after providing a disappointing fiscal first-quarter forecast.
• 📉 Management declined to offer full-year guidance due to uncertainty surrounding global trade policies and tariffs.
• 📊 Ross Stores (ROST) is down after its second-quarter earnings per share forecast missed analyst estimates.
• 🌍 The low-cost retailer also withdrew its full-year sales and earnings guidance, citing macroeconomic and geopolitical uncertainty and tariff impacts on its goods originating from China.