Stock Movers: Salesforce Concerns, HPE Tariffs, American Eagle Soars, Figma Tanks

Salesforce Sales Concerns

• 📉 Salesforce stock is down nearly 7% in pre-market trade due to an underwhelming outlook for sales growth.
• 💡 Investors are concerned that incumbent software makers like Salesforce may be outshined by new AI vendors.

Hewlett Packard Enterprise (HPE) Outlook

• 📈 HPE shares are up 2.5% after beating most metrics and providing a profit outlook in line with expectations.
• 🎯 The company expects profit margins to be boosted back to their normal run rate of 10% in the next quarter.
• 💰 Analysts anticipate a rebound in free cash flow following the completion of the Jupiter Networks acquisition.

American Eagle's Soaring Sales

• 🚀 American Eagle is up 25.5% in pre-market trade, driven by strong sales from a successful ad campaign featuring Sydney Sweeney.
• 🌍 The company's chief marketing officer reported gaining a customer in every US county due to the campaign.
• 🤝 American Eagle has also partnered with NFL player Travis Kelce to leverage his brand.

Figma's Post-IPO Performance

• 💥 Figma is down 14% following its first earnings report since going public in late July.
• 📊 Despite doubling since its IPO, the software design company is being punished for providing an inline forecast.