Stocks Fall Amid Market Pullback: Noodles, GoodRx, Micron, and CarMax Share Declines

Several stocks fell in the afternoon session, including Noodles (-5.8%), GoodRx (-7.7%), Micron (-5.8%), Custom Truck One Source (-4.9%), and CarMax (-4.3%). Analysts see this as an opportunity to own "Core AI winners" and view the tech bull cycle as intact for another 2-3 years. Mixed earnings reports from retailers and new tariffs are being closely monitored for insights into the broader economic health.

Several stocks experienced significant price declines in the afternoon session on July 2, 2025, including Noodles (-5.8%), GoodRx (-7.7%), Micron (-5.8%), Custom Truck One Source (-4.9%), and CarMax (-4.3%). Analysts view this market volatility as an opportunity to invest in "Core AI winners," with the tech bull cycle expected to remain intact for the next 2-3 years [2].

The afternoon session's downturn was driven by a pullback in major indices, with technology stocks accounting for most of the market's largest decliners. Investors are locking in gains ahead of more definitive feedback from the Federal Reserve, while mixed earnings reports from retailers and new tariffs are being closely monitored for broader economic insights [2].

GoodRx Holdings Inc. (NASDAQ:GDRX) shares jumped 5.08% in after-hours trading on Monday, following a collaboration with Novo Nordisk A/S (NYSE:NVO) to offer discounted GLP-1 medications at a fixed price of $499 per month. This discount program targets patients without adequate insurance coverage, addressing a substantial market demand [1].

Meanwhile, Powell (POWL) experienced a 6.9% drop in share price, with analysts noting the stock's extreme volatility and a 17.6% drop nine months ago due to weak third-quarter results. Despite the recent decline, Powell has seen a 4% increase since the beginning of the year, trading at $237.91 per share, still 32.5% below its 52-week high [2].

SoftBank's $2 billion investment in Intel (INTC) is seen as a strategic move to support Arm Holdings' (ARM) autonomous chip development, leveraging Intel's fabrication capabilities. This investment positions SoftBank as the sixth-largest shareholder in Intel, with a 2% stake [3].

Retailers, such as Walmart, Target, and Home Depot, are preparing to post earnings this week, with tariffs potentially affecting their profitability. The retail inventory method accounting (RIM) could initially overstate profitability due to its average cost-to-retail price ratio, making it less responsive to initial product cost changes [4].

Analysts advise caution in interpreting short-term market movements and emphasize the importance of long-term investment strategies, especially in the tech sector. The market's overreaction to news presents opportunities for investors to buy high-quality stocks at potentially undervalued prices [2].

References:
[1] https://www.inkl.com/news/goodrx-holdings-surges-5-after-hours-on-novo-nordisk-partnership-for-499-monthly-ozempic-wegovy-access
[2] https://www.tradingview.com/news/stockstory:6d37368f8094b:0-abercrombie-and-fitch-rh-restaurant-brands-powell-and-soundhound-ai-shares-plummet-what-you-need-to-know/
[3] https://www.gurufocus.com/news/3070052/softbanks-2-billion-investment-in-intel-intc-boosts-arms-ai-chip-ambitions
[4] https://www.cnbc.com/2025/08/18/retail-earnings-how-accounting-could-change-profitability-amid-tariffs.html