Stock Movers CrowdStrike Slips After Results, Best Buy Rises, Target Climbs
4 snips
Mar 3, 2026 Avalon Purnell, Bloomberg equities reporter who covers market-moving stocks, breaks down today’s biggest movers. She discusses CrowdStrike’s in-line results and AI-driven volatility. She covers Ross Stores and Best Buy’s stronger holiday profits and dividend move. She also highlights Target’s optimistic forecast and signs of a retail turnaround.
AI Snips
Chapters
Transcript
Episode notes
CrowdStrike Results Mirror Expectations
- CrowdStrike's Q4 results and forecasts were largely inline with Street expectations, leaving shares roughly unchanged after initial volatility.
- Avalon Purnell noted investor debate over AI-driven disruption keeps the security software name volatile this year, referencing NVIDIA-driven conversations.
Ross Stores Beats Sales And Margins
- Ross Stores jumped ~6.5% in after-hours trading after reporting better-than-expected Q4 EPS and a same-store sales midpoint above estimates.
- Avalon highlighted Ross's strong operating margin and status as an off-price beneficiary amid consumer affordability pressures.
Target Forecast Signals Turnaround Momentum
- Target jumped about 6.7% after forecasting FY adjusted EPS $7.50–$8.50 with a midpoint above Bloomberg estimates, signaling a potential successful turnaround.
- The company plans to hire and raise pay, yet still projects stronger profit, showing leverage from merchandising and strategic investments.