Ross Stores Jumps on Earnings Beat; Crypto Names Rally

Ross Stores rose 8.5% to 9% in premarket trading Friday after the discount retailer posted second-quarter revenue of $6.3 billion, up 14% from a year earlier. Same-store sales climbed 10%, and earnings per share reached $2.66. The company credited a $253 million tariff reimbursement under the IEEPA program for part of the profit boost. Ross raised its full-year EPS forecast to $8.61 to $8.77, up from the prior $7.50 to $7.74 range, and said it plans to open 115 new stores in 2026. AlphaScala's proprietary risk score for Ross Stores stands at 63 out of 100, a Moderate label.

Cryptocurrency-exposed stocks also gained. Coinbase added 5.6% and Robinhood rose 5.3%. Strategy advanced 10%. The moves followed President Donald Trump's push for Congress to pass the Clarity Act, which would set clearer rules for digital assets. Bitcoin itself rallied nearly 22% over five sessions to about $78,500, flipping Strategy's holdings from a $13 billion unrealized loss in July to a $1.4 billion profit.

Moderna recovered 4% after Thursday's 24% plunge, which came as traders booked profits from a rally earlier in the week tied to positive data on a cancer vaccine being developed with Merck. OSI Systems fell 14% after reporting fourth-quarter revenue of $484.1 million, down 4.1% and about $45.6 million below analyst estimates. Its fiscal 2027 revenue guidance of $1.875 billion to $1.93 billion also missed the $1.94 billion consensus. After existing shareholders priced a secondary offering, Aveanna Healthcare Holdings dropped 9%. Flowers Foods slipped 5% after second-quarter sales of $1.19 billion fell $40 million short of projections, and management cut its full-year revenue and earnings guidance below analyst expectations.