S&P 500 Futures Hold Steady in Pre-Market Session; Moderna and SSR Mining Take the Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
0mins
Should l Buy ROST?
Source: Barron's
- Market Opening: U.S. stock markets are set to open in two hours.
- Moderna Inc. Performance: Moderna Inc. (MRNA) saw an 11.0% increase in pre-market trading.
- SSR Mining Inc. Performance: SSR Mining Inc. (SSRM) experienced a 9.2% rise in pre-market trading.
- Overall Market Sentiment: The pre-market gains indicate positive sentiment among investors for these companies.
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Analyst Views on ROST
Wall Street analysts forecast ROST stock price to rise
16 Analyst Rating
13 Buy
3 Hold
0 Sell
Strong Buy
Current: 197.640
Low
142.00
Averages
198.93
High
224.00
Current: 197.640
Low
142.00
Averages
198.93
High
224.00
About ROST
Ross Stores, Inc. is engaged in operating two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dds DISCOUNTS. Ross is the off-price apparel and home fashion chain in the United States, with approximately 1,831 locations in 43 states, the District of Columbia, and Guam. Ross offers in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle-income households. It also operates approximately 355 dds DISCOUNTS stores in 22 states. dds DISCOUNTS features more moderately-priced in- season, name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. It operates a total of approximately 2,186 stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ross Stores Projects Strong Earnings Growth for Fiscal 2026
- Earnings Forecast: Ross Stores anticipates earnings per share for fiscal 2026 to range between $7.02 and $7.36, significantly up from $6.61 in fiscal 2025, indicating a robust growth trajectory that boosts investor confidence.
- Share Buyback Program: The Board of Directors has approved a $2.55 billion share buyback program for fiscal years 2026 and 2027, representing a 21% increase from the $2.1 billion repurchase completed in 2024 and 2025, showcasing the company's strong belief in its future performance.
- Q4 Performance Exceeds Expectations: The company reported a 12% increase in total sales for Q4 to $6.6 billion, surpassing the expected $6.37 billion, with earnings per share hitting $2, well above the analyst estimate of $1.9, highlighting its strong market position.
- Market Sentiment Shift: On Stocktwits, retail sentiment around ROST shifted from 'bullish' to 'extremely bullish' in the past 24 hours, with message volume rising from 'normal' to 'extremely high', reflecting heightened investor optimism regarding the company's growth prospects.
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- Dow Inc Upgrade Impact: Dow Inc's stock increased by 4% after KeyBanc upgraded its rating from sector weight to overweight, citing that rising oil prices will benefit U.S. ethylene producers, reflecting optimistic market expectations for its profitability.
- Moderna Lawsuit Settlement: Moderna's shares climbed 12% after the company agreed to pay up to $2.25 billion to settle a lawsuit with Arbutus Biopharma and Genevant Sciences over a Covid vaccine patent, demonstrating proactive legal risk management.
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Ross Stores Reports Strong Earnings, Boosts Stock Price
- Earnings Beat: Ross Stores reported earnings per share of $2.00, exceeding the consensus estimate of $1.89, with revenue of $6.63 billion reflecting a 12% year-over-year increase, indicating robust market demand and sales growth.
- Positive Outlook: The company anticipates first-quarter GAAP earnings per share between $1.60 and $1.67, slightly below the consensus of $1.62, but expects full-year EPS of $7.02 to $7.36, above the consensus estimate of $7.17, showcasing ongoing growth potential.
- Analyst Upgrades: Telsey Advisory Group upgraded Ross Stores from Market Perform to Outperform, lowering the price target from $240 to $220, reflecting confidence in the company's future performance.
- Sales Growth Drivers: Analysts noted that comparable sales growth was primarily driven by increased customer traffic and transactions, with strong performance in categories like shoes and cosmetics, further solidifying the company's market position.
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US Stocks Rise on Economic Strength Amid Iran War Concerns
- Strong Economic Data: The February ADP employment report revealed an addition of 63,000 jobs, surpassing expectations of 50,000, indicating continued growth in the labor market and bolstering investor confidence in economic recovery.
- Service Sector Expansion: The US services index unexpectedly rose to 56.1, marking the fastest expansion in 3.5 years, while service price pressures fell to an 11-month low, demonstrating economic resilience that could further drive stock market gains.
- International Situation Impact: Reports of Iran making indirect contact with the US to negotiate an end to the war boosted market sentiment, although Iranian media denied the claims, the hope for an early resolution to the conflict remains.
- Oil Price Volatility: Despite crude oil prices being affected by the Iranian drone attack and the closure of the Strait of Hormuz leading to production cuts in Iraq, the market estimates a risk premium of $18 per barrel, reflecting heightened concerns over energy supply.
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- Amazon Share Surge: Amazon's shares rose over 3% after a report indicated Anthropic is on track to generate $20 billion in annual revenue, up from $9 billion, with investor enthusiasm around Amazon's custom chips improving sentiment and alleviating previous concerns over a $200 billion capital expenditure plan.
- Broadcom Earnings Expectations: Broadcom shares gained nearly 2% as investors anticipate AI revenue exceeding $8 billion for the reported quarter, with a focus on customer commentary and deployment progress, despite previous concerns regarding lower gross margins in fiscal year 2026.
- Rapid Trade Review: In a quick recap at the end of the video, Cramer highlighted stocks including Ross, Intel, Abercrombie & Fitch, and Brown-Forman, emphasizing the importance of timely information for investors to react effectively before trades are executed.
See More
Wall Street Rallies on Optimism Over US-Iran Diplomatic Talks
- Market Rally: Wall Street experienced a relief rally on Wednesday, driven by optimism surrounding potential US-Iran diplomatic talks, with the Nasdaq 100 gaining 1.5% to 25,100, indicating investor confidence in future economic stability.
- Oil Price Decline: Following two consecutive days of gains, Brent crude fell 0.5% to $81.00 per barrel and WTI crude slipped 0.8% to $74.07, reflecting the impact of diplomatic optimism on the energy market.
- Volatility Index Drop: The CBOE Volatility Index plunged 11.6% to 20.84, indicating a rise in market risk appetite and a decrease in demand for safe-haven assets, further fueling the stock market's upward momentum.
- Stable Treasury Yields: The 10-year U.S. Treasury yield held steady at 4.07%, suggesting that as risk appetite increases, demand for safe assets is capped, reflecting a positive outlook on economic prospects.
See More
Ross Stores Projects Strong Earnings Growth for Fiscal 2026
- Earnings Forecast: Ross Stores anticipates earnings per share for fiscal 2026 to range between $7.02 and $7.36, significantly up from $6.61 in fiscal 2025, indicating a robust growth trajectory that boosts investor confidence.
- Share Buyback Program: The Board of Directors has approved a $2.55 billion share buyback program for fiscal years 2026 and 2027, representing a 21% increase from the $2.1 billion repurchase completed in 2024 and 2025, showcasing the company's strong belief in its future performance.
- Q4 Performance Exceeds Expectations: The company reported a 12% increase in total sales for Q4 to $6.6 billion, surpassing the expected $6.37 billion, with earnings per share hitting $2, well above the analyst estimate of $1.9, highlighting its strong market position.
- Market Sentiment Shift: On Stocktwits, retail sentiment around ROST shifted from 'bullish' to 'extremely bullish' in the past 24 hours, with message volume rising from 'normal' to 'extremely high', reflecting heightened investor optimism regarding the company's growth prospects.
See More
Midday Market Moves: Notable Stock Fluctuations
- CoreWeave Partnership: CoreWeave's stock surged 8% following a multiyear agreement with Perplexity, which will utilize CoreWeave's platform for next-generation inference workloads, enhancing its competitive edge in the cloud market.
- Broadcom Earnings Anticipation: Broadcom shares rose 2% as investors await its fiscal first-quarter earnings report, with analysts projecting earnings of $2.03 per share and revenue of $19.18 billion, indicating strong market confidence in its performance.
- Dow Inc Upgrade Impact: Dow Inc's stock increased by 4% after KeyBanc upgraded its rating from sector weight to overweight, citing that rising oil prices will benefit U.S. ethylene producers, reflecting optimistic market expectations for its profitability.
- Moderna Lawsuit Settlement: Moderna's shares climbed 12% after the company agreed to pay up to $2.25 billion to settle a lawsuit with Arbutus Biopharma and Genevant Sciences over a Covid vaccine patent, demonstrating proactive legal risk management.
See More
Ross Stores Reports Strong Earnings, Boosts Stock Price
- Earnings Beat: Ross Stores reported earnings per share of $2.00, exceeding the consensus estimate of $1.89, with revenue of $6.63 billion reflecting a 12% year-over-year increase, indicating robust market demand and sales growth.
- Positive Outlook: The company anticipates first-quarter GAAP earnings per share between $1.60 and $1.67, slightly below the consensus of $1.62, but expects full-year EPS of $7.02 to $7.36, above the consensus estimate of $7.17, showcasing ongoing growth potential.
- Analyst Upgrades: Telsey Advisory Group upgraded Ross Stores from Market Perform to Outperform, lowering the price target from $240 to $220, reflecting confidence in the company's future performance.
- Sales Growth Drivers: Analysts noted that comparable sales growth was primarily driven by increased customer traffic and transactions, with strong performance in categories like shoes and cosmetics, further solidifying the company's market position.
See More
US Stocks Rise on Economic Strength Amid Iran War Concerns
- Strong Economic Data: The February ADP employment report revealed an addition of 63,000 jobs, surpassing expectations of 50,000, indicating continued growth in the labor market and bolstering investor confidence in economic recovery.
- Service Sector Expansion: The US services index unexpectedly rose to 56.1, marking the fastest expansion in 3.5 years, while service price pressures fell to an 11-month low, demonstrating economic resilience that could further drive stock market gains.
- International Situation Impact: Reports of Iran making indirect contact with the US to negotiate an end to the war boosted market sentiment, although Iranian media denied the claims, the hope for an early resolution to the conflict remains.
- Oil Price Volatility: Despite crude oil prices being affected by the Iranian drone attack and the closure of the Strait of Hormuz leading to production cuts in Iraq, the market estimates a risk premium of $18 per barrel, reflecting heightened concerns over energy supply.
See More
Market Rebounds as Amazon Shares Surge
- Market Rebound: Following a volatile session driven by escalating U.S.-Iran tensions, the stock market advanced on Wednesday as oil prices eased, with the Treasury Secretary indicating a series of measures to support oil trade, potentially paving the way for a sustained market rally.
- Amazon Share Surge: Amazon's shares rose over 3% after a report indicated Anthropic is on track to generate $20 billion in annual revenue, up from $9 billion, with investor enthusiasm around Amazon's custom chips improving sentiment and alleviating previous concerns over a $200 billion capital expenditure plan.
- Broadcom Earnings Expectations: Broadcom shares gained nearly 2% as investors anticipate AI revenue exceeding $8 billion for the reported quarter, with a focus on customer commentary and deployment progress, despite previous concerns regarding lower gross margins in fiscal year 2026.
- Rapid Trade Review: In a quick recap at the end of the video, Cramer highlighted stocks including Ross, Intel, Abercrombie & Fitch, and Brown-Forman, emphasizing the importance of timely information for investors to react effectively before trades are executed.
See More
Wall Street Rallies on Optimism Over US-Iran Diplomatic Talks
- Market Rally: Wall Street experienced a relief rally on Wednesday, driven by optimism surrounding potential US-Iran diplomatic talks, with the Nasdaq 100 gaining 1.5% to 25,100, indicating investor confidence in future economic stability.
- Oil Price Decline: Following two consecutive days of gains, Brent crude fell 0.5% to $81.00 per barrel and WTI crude slipped 0.8% to $74.07, reflecting the impact of diplomatic optimism on the energy market.
- Volatility Index Drop: The CBOE Volatility Index plunged 11.6% to 20.84, indicating a rise in market risk appetite and a decrease in demand for safe-haven assets, further fueling the stock market's upward momentum.
- Stable Treasury Yields: The 10-year U.S. Treasury yield held steady at 4.07%, suggesting that as risk appetite increases, demand for safe assets is capped, reflecting a positive outlook on economic prospects.
See More
