Midday Stock Highlights: Petco Health, Celsius, Affirm, Caterpillar, and Others Making Significant Moves
Market Movements and Company Performances
Petco Health & Wellness: The pet store and veterinary services provider saw a significant surge of 22% in its stock price after raising its full-year adjusted EBITDA guidance. The second-quarter earnings per share exceeded analysts' expectations.
Celsius: Shares increased by over 4% following PepsiCo's decision to raise its stake in the energy drink company to 11%.
NeoGenomics: The cancer diagnostic testing company experienced a remarkable rally of 24% after receiving a favorable ruling in a patent lawsuit against Natera.
Privia Health: Shares rose approximately 6% after the company raised its full-year guidance, now expecting adjusted EBITDA between $113 million and $116 million, up from a previous estimate of $104 million to $110 million.
Iren: The vertically integrated data center business saw a 19% increase in shares after achieving Nvidia "Preferred Partner" status and securing nearly $100 million in financing for Nvidia GB300 equipment. Its fiscal fourth-quarter adjusted EBITDA also surpassed Street estimates.
Alibaba: The Chinese e-commerce giant's shares climbed more than 13% after developing a more advanced chip to address the gap left by Nvidia's sales issues in China, while Nvidia's shares fell over 3%.
Caterpillar: The industrial giant's stock dropped 4% after warning of potential losses between $1.5 billion and $1.8 billion this year due to tariffs.
Dell Technologies: Shares fell nearly 8% after the company provided third-quarter earnings per share guidance below Wall Street expectations, despite beating top and bottom line estimates for the latest quarter.
Ulta Beauty: The cosmetics retailer's shares surged over 6% after raising its full-year earnings and revenue forecast, now expecting revenue between $12 billion and $12.1 billion, surpassing the $11.7 billion analyst estimate.
Affirm Holdings: The buy now, pay later fintech provider's stock rallied 11% after reporting fiscal fourth-quarter earnings and revenue that exceeded analysts' expectations, earning 20 cents per share on $876 million in revenue.
Autodesk: Shares rose 8% following a strong second-quarter earnings report, with earnings of $2.62 per share on $1.76 billion in revenue, surpassing analyst expectations.
SentinelOne: The cybersecurity company's stock jumped 5% after reporting second-quarter adjusted earnings of 4 cents per share, beating the 3 cents expected by analysts, with revenue of $242 million in line with expectations.
Ambarella: Shares surged 18% after the semiconductor design company raised its outlook due to strong demand for artificial intelligence, expecting revenue of $379 million in fiscal 2026, exceeding the $350 million consensus estimate.
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- Large-Scale Study: Natera has launched the EDEN study, aiming to enroll 7,500 pregnant participants in the U.S. to evaluate its non-invasive prenatal screening test for early risk assessment of pregnancy complications, showcasing the company's proactive approach in prenatal care.
- High Incidence Focus: Preeclampsia affects approximately 5-8% of pregnancies and is a leading cause of maternal and neonatal morbidity; the EDEN study aims to provide scientific evidence to improve this situation, potentially driving demand for related medical services.
- Innovative Technology Application: The test integrates cell-free DNA and other clinical data to offer personalized risk assessments, surpassing traditional clinical characteristic evaluations, thereby enhancing the precision and effectiveness of prenatal care.
- Industry-Wide Impact: Through the EDEN study, Natera aims not only to enhance its market competitiveness but also to lead technological innovation in the prenatal screening sector, potentially elevating industry standards and development.
- Oversold Indicator: Natera Inc (Ticker: NTRA) hit an RSI of 27.8 during Wednesday's trading, indicating an oversold condition with a low of $204.86 per share, suggesting that recent heavy selling may be nearing exhaustion, prompting bullish investors to seek buying opportunities.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 52.7, NTRA's oversold status may attract bullish investors' attention, especially given the overall stronger market performance.
- Historical Performance: NTRA shares have a 52-week low of $125.38 and a high of $256.36, with the last trade at $205.61, indicating potential price volatility that investors should monitor for rebound opportunities.
- Investor Sentiment: Despite the current low stock price, investor sentiment may shift to optimism due to the oversold signal, and if market sentiment improves, NTRA's stock price could rebound, further impacting the company's market performance.
- Clinical Trial Success: Natera's IMvigor011 trial demonstrated that bladder cancer patients treated with atezolizumab and guided by Signatera™CDx showed statistically significant improvements in disease-free and overall survival, highlighting the test's potential in personalized therapy.
- FDA Application Submission: Natera has submitted a premarket approval application for Signatera™CDx to the FDA, marking a significant step toward making MRD-guided treatment a reality for muscle-invasive bladder cancer patients, potentially becoming the first companion diagnostic MRD test if approved.
- Strong Market Demand: Bladder cancer is the sixth most common cancer in the U.S., with muscle-invasive cases representing 20-25% of new diagnoses; the introduction of Signatera™CDx will aid in identifying high-recurrence-risk patients, enabling more effective personalized treatment options.
- Strategic Implications: Natera aims to integrate personalized genetic testing into standard care, and the successful launch of Signatera™CDx could not only enhance patient outcomes but also solidify the company's leadership position in the precision medicine sector.

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- AI Infrastructure Boost: ARK Invest increased positions in semiconductor companies like AMD, Broadcom, and TSMC, signaling strong confidence in the infrastructure for AI workloads, which is expected to drive long-term growth for these firms.
- Gene Editing Investments: The firm added 196K shares of Intellia Therapeutics and 49K shares of 10x Genomics, continuing to focus on next-generation sequencing and in vivo gene editing, aiming to capture innovative opportunities in the biotech sector.
- Autonomous Driving Focus: ARK invested in companies like WeRide and Pony AI in the autonomous driving and robotics space, reinforcing its strategic positioning in future transportation technologies, which is likely to enhance portfolio diversity and potential returns.
- Trimmed Mature Tech Holdings: ARK sold over 86K shares of Tesla worth more than $37 million and reduced stakes in Unity Software, reflecting a cautious stance on mature tech companies that may impact short-term stock performance.
- Earnings Momentum Ratings: As the earnings season kicks off, Baxter International (BAX) and others are rated D for earnings momentum, indicating significant pressure on profitability that may undermine investor confidence.
- Multiple Companies Rated: Companies like Biogen (BIIB), Natera (NTRA), and Revolution Medicines (RVMD) also received D ratings, suggesting a notable decline in earnings expectations that could lead to stock price volatility.
- Market Impact: These ratings reflect a broader weakening of earnings momentum in the healthcare sector, potentially affecting the performance of related healthcare ETFs (such as XLV, VHT), prompting investors to reassess risks.
- Industry Outlook: As the earnings season progresses, market attention on healthcare stocks, particularly those with weak earnings momentum, may trigger broader industry adjustments and shifts in investment strategies.






