24H | Nuclear Stocks Jump With Oklo up 20%, NuScale Power up 19%; Intuit Jumps over 8%; Ross Stores Sinks 11%

Tiger Newspress
23 May

Intuit forecast fourth-quarter revenue and profit above Wall Street estimates on Thursday, signaling growing demand for its AI-driven financial management tools and sending its shares up more than 8% in overnight trading.

The tax filing season in the U.S. from January 27 to April 15 also helped the company report upbeat third-quarter results as many taxpayers used Intuit's software to file their federal income-tax returns.

Intuit provides products such as tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks.

Nuclear-industry stocks were trading higher in overnight trading after Reuters reported that President Trump is expected to sign executive orders by as soon as Friday that aim to jumpstart the nuclear-energy industry.

Shares of Centrus up 22%; Lightbridge up 21%; Oklo up 20%; NuScale Power up 19%; Energy Fuels up 18%; NANO Nuclear Energy up 16%.

Discount store operator Ross Stores on Thursday withdrew its fiscal 2025 forecasts and said tariffs could take a toll on its profitability this year, sending its shares down 11% in overnight trading.

Macroeconomic uncertainty due to U.S. President Donald Trump's tariff policy, along with still-high inflation, has forced many consumer-facing companies, particularly footwear, apparel and home goods, to trim or withdraw annual targets.

Ross Stores said more than half the goods it sells are made in China, and it would consider raising some prices as inflationary pressures persist in the retail industry, executives said on the post-earnings call.

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