ROST

Ross Stores stock declined 1.29% to $234.18 while the broader market gained, underperforming the S&P 500's 0.58% rise. Despite the daily decline, the company is expected to report strong earnings growth of 15.19% EPS and 10.68% revenue growth. The stock holds a Zacks Rank #2 (Buy) rating, though it trades at a premium valuation with a Forward P/E of 27.05 compared to its industry average of 21.73.

Dollar Tree's multi-price strategy drove Q2 FY26 comparable sales growth of 3.7%, with multi-price penetration reaching 17% of total sales. The company, along with Ross Stores, Dollar General, and Burlington Stores, is leveraging value-oriented retail models to attract customers across income levels. However, merchandise inflation and freight costs remain headwinds.

Zacks highlights five non-tech Nasdaq stocks with Zacks Rank #1 (Strong Buy) ratings positioned for Q4 gains. Ross Stores benefits from strong sales momentum and store expansion; Roku capitalizes on the shift from linear TV to streaming advertising; APA Corp offers favorable capital efficiency and long-term growth; Corcept Therapeutics sees strong demand for Korlym and new product launches; Halozyme benefits from collaboration royalties and milestone payments.