Stock Movers Nuclear Stocks Surge; Intuit Earnings Pop; Deckers Pulls Guidance
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May 23, 2025 Nuclear power stocks are surging as news breaks that the government is set to ease regulations and support the industry. Intuit impresses with better-than-expected earnings, boosting its forecast for the year. In contrast, Deckers faces challenges, pulling its guidance due to macro uncertainties impacting its footwear business. Retailer Ross Stores also reports disappointing earnings and withdraws forecasts amid a tough economic landscape. The contrasting fortunes highlight the volatility in today's market.
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Nuclear Stocks Surge on Policy Shift
- Oklo and other small nuclear reactor companies surged nearly 20% on optimism from Trump administration executive orders.
- The focus is on easing regulatory hurdles and strengthening fuel supply chains to power tech growth like AI data centers.
Intuit Boosts Earnings Guidance
- Intuit beat earnings and revenue expectations for Q3, capturing the tax filing season.
- The company raised full-year earnings guidance over $20 per share, signaling a strong year.
Deckers Cuts Guidance Amid Uncertainty
- Deckers shares fell nearly 18% after a disappointing fiscal quarter forecast and macro uncertainty.
- Management declined full-year guidance citing global trade policy uncertainty impacting growth for Hoka and Uggs.