Stock Movers Data Dog Rises, Hormel Falls, Bath & Body Works Slumps
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Aug 28, 2025 Shares of Data Dog soar after strong tech earnings, marking a significant moment since its addition to the S&P 500. In contrast, Hormel Foods faces a steep 13% plunge as profit forecasts take a hit due to rising commodity costs. Bath & Body Works isn't faring well either, dropping 10% after cutting sales growth expectations, largely influenced by impending tariffs. The podcast dives into these contrasting market trends, providing insights into investment strategies amidst these fluctuating fortunes.
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Datadog Rallies With Software Peers
- Datadog jumped with other software stocks after strong sector reports, showing software sentiment can move groups of names together.
- Datadog remains about 25% below its 52-week high and only recently joined the S&P 500 in early July.
Hosts Joke About Datadog Logo
- The hosts joked about Datadog's puppy logo and one host recalled wanting a company T‑shirt at IPO.
- The lighthearted aside contrasted software enthusiasm with the next topic about food companies.
Hormel Hit By Rising Commodity Costs
- Hormel plunged after missing Q3 profit estimates and cutting full-year guidance due to rising commodity costs.
- Management said targeted price actions are underway but expects profit recovery to lag into next year.