Today’s stocks to watch: Nvidia, MongoDB, and Okta
Key Points to Watch Out For:
- Nvidia shares edge higher in premarket ahead of earnings release after the close.
- MongoDB surges 30% in premarket after lifting annual guidance.
- Okta gains 5.5% in premarket following strong earnings and revenue.
Nvidia (NVDA): Results due after the close
The AI chip leader, currently the world’s most valuable company, is set to report earnings after market close. Shares posted modest gains in premarket trading, while other semiconductor stocks such as AMD and Intel also advanced.
Cracker Barrel Old Country Store (CBRL): Logo reinstatement
The restaurant chain announced it will bring back its “Old Timer” logo following a rebranding that stirred controversy. Shares traded higher in the premarket on light volume, after rising 6% in Tuesday’s session.
Okta (OKTA): Strong earnings, revenue, and guidance
The identity security company reported stronger-than-expected quarterly earnings and revenue, while also raising its full-year guidance. Shares advanced 5.5% in premarket trading.
MongoDB (MDB): Premarket surge on raised outlook
The database software provider jumped 30% in premarket trading after once again lifting its annual guidance. Quarterly sales also topped estimates.
PVH (PVH): Results and tariff-related adjustment
The parent company of Tommy Hilfiger and Calvin Klein reported quarterly earnings above expectations. However, it raised its annual tariff-related cost forecast to $70 million, impacting EBIT projections.
