Stocks Subdued by Nvidia's Post-Earnings Reaction

Nvidia (NVDA) earnings are here, but stocks remain subdued. The Dow Jones Industrial Average (DJIA) is down 64 points at last check, while the Nasdaq Composite (IXIC) is cautiously higher. The S&P 500 Index (SPX) is struggling for direction, after paring modest gains at the open.

NVDA was last seen down 1%, with data center revenue and unresolved chip sales overshadowing a quarterly beat. Meanwhile, GDP data for the previous quarter came in better than expected, up 3.3%. The Cboe Volatility Index (VIX) earlier tapped its lowest level since December.

Continue reading for more on today's market, including:

• 2 discount retail stocks buzzing after earnings.
• Another analyst turns bullish on Wynn Resorts stock.
• Plus, CRWD calls look popular; a software sector halo lift; and Hormel stock pummeled.

CrowdStrike Holdings Inc (NASDAQ:CRWD) is a favorite among options traders today. At last check, ,000 calls have changed hands, volume that's  times the average intraday amount. The weekly 8/29 450-strike call is the most popular, with weeklies dominating the tape today. CRWD is up 2.6% to trade at $433.75 today, and 27% in 2025. The cybersecurity company is brushing off a weak third-quarter revenue forecast with a Q2 beat. No fewer than 16 brokerages have trimmed their price targets, the worst coming from Mizuho to $430 from $450. 

Datadog Inc (NASDAQ:DDOG) stock is one of the best tech stocks today, last seen up 5.6% to trade at $139.10. The cloud company is getting a halo lift -- along with the entire software sector -- after Snowflake's (SNOW) triple play in the earnings confessional. DDOG remains below its year-to-date breakeven level, but is 23% higher year-over-year.

Hormel Foods Corp (NYSE:HRL) is near the bottom of the New York Stock Exchange (NYSE) today, down 12.6% to trade at $25.33 and on the short sell restricted list. The food processing company's fiscal third-quarter earnings fell short of estimates, while fourth-quarter guidance also whiffed amid higher commodity costs. HRL is trading at its lowest level since 201, and is now down 19.5% year to date.