RH tariffs, Adobe outlook, Walmart & Amazon: Trending Tickers

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RH (RH) stock is surging after the company said it is taking efforts to reduce tariff costs by moving production out of China and increasing US production. The company also affirmed its sales forecast and topped first quarter earnings expectations.

Adobe (ADBE) stock is under pressure despite raising its full-year outlook and reporting record-high sales in its second quarter.

Walmart (WMT) and Amazon (AMZN) are reportedly considering issuing their own stablecoins, which could allow the retailers to avoid significant fees from traditional payment systems.

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Now time for some of today's trending tickers. We are watching RH, Adobe, Walmart, and Amazon. First up, RH soaring after the company said it's taking steps to offset higher costs from tariffs, moving production out of China, and increasing manufacturing in the US. The luxury furniture retailer also sticking by its sales forecast, expecting full year revenue to grow by 10 to 13%. This after the company topped expectations in the first quarter. Next up, we're tracking shares of Adobe, raising its full year outlook after topping second quarter expectations. The software company reporting record quarterly revenue, up 11% from a year earlier. Taking a look at shares, still slumping right now by about four, nearly 5%. And finally, Walmart and Amazon are exploring issuing their own stable coins. This is according to a report from the Wall Street Journal. Stable coins could allow the companies to bypass traditional payment systems, which cost them billions of dollars in fees each year. The retailers' final decisions will depend on the Genius Act. This bill is currently being debated in Congress, and the bill would establish a regulatory framework for stable coins. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's trending tickers page.