• O'Reilly Automotive (NASDAQ: ORLY) shares are down roughly 6.6%, nearing a 52-week low of $84.76, underperforming both XLY and the S&P 500.
• O'Reilly Automotive (NASDAQ: ORLY) has fallen roughly 6.6% toward its 52-week low even as underlying fundamentals remain healthy.
• CrowdStrike (NASDAQ: CRWD) shares are touching fresh 52-week highs, riding a broader software infrastructure rebound with the Nasdaq up over 21% last quarter.
• CrowdStrike (NASDAQ: CRWD) shares are climbing despite a notable split in analyst sentiment on valuation.
• Western Digital (NASDAQ: WDC) shares surged as investors bought the dip following last week's chip sector selloff.
• Western Digital (NASDAQ: WDC) posted gross margins above 50% for the first time last quarter, with free cash flow margins approaching 30%.
• ON Semiconductor (NASDAQ: ON) is rallying alongside AMD, up over 9%, and TSMC, up about 4.8%, as the chip sector rebounds broadly.
• Microchip Technology (NASDAQ: MCHP) is rallying as chip stocks rebound broadly, building on a May earnings beat of $0.57 EPS versus $0.50 expected.
• Teradyne (NASDAQ: TER) is rebounding sharply after shedding roughly 14% last week, including a 13.63% single-session drop on July 2.
• Arista Networks (NYSE: ANET) shares are surging as AI infrastructure demand and a broad chip sector rebound lift the stock.