Inventory has risen to over 11% after supply chain and warehouse management companies raised their full year-round revenue outlook. We currently view revenue before interest, tax, depreciation or EBITDA, between $860 million and $880 million in profits. GXO also appointed Patrick Kelleher as CEO, which took effect on August 19th. Carmax – Stocks rose 6% after Carmax reported first-quarter results that exceeded analyst expectations. The auto retailer won $1.38 per share with revenue of $7.555 billion. Analysts voted by LSEG were expecting a profit of $1.16 per share with revenue of $7.52 billion. GMS-GMS bid war reportedly developed between QXO and Home Depot, so stocks of specialized building products rose 26%. QXO said late Wednesday it was offering QXO $95.20 per share, but the Wall Street Journal reported on Friday that Home Depot also made a private offer. Semiconductor Inventory – Chipmakers were under pressure after the Wall Street Journal cited sources to report that the US wanted to cancel the exemption used in major semiconductor names to access American technology in China. Nvidia drove almost 1% and KLA lost 2%. The Vaneck Semiconductor ETF (SMH) fell about 1%. Jack in the Box – Fast Food stock lost 1% after Stifel’s downgrade. The company said the Trump administration’s immigration policy was a headwind for Jack in the Box. Accenture – Stocks fell almost 7% after a 6% quarter decline in new bookings that overcame fiscal third quarter revenue and revenue that exceeded analyst estimates. Circle – Shares continued to rise on Friday, winning 18% as investors cheered for the Senate’s approval of the Genius Act, a stable law proposed. Stocks were up 70% that week. KROGER – The grocery store chain has raised 9% in first quarter revenues, which is more than expected. The company recorded a profit of $1.49 per share, excluding certain items. Analysts voted by LSEG expected a profit of $1.46 per share. Kroger also repeated its full-year revenue guidance. Regencell Bioscience – Shares fell more than 42%, continuing Regencell’s volatile movements this week after a 38-1 split was implemented. It jumped over 280% on Monday and over 30% on Tuesday before falling more than 18% on Wednesday. – CNBC’s Brian Evans contributed the report.
Noon stock making the biggest move: GXO, KMX, NVDA, CRCL
