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Piper Sandler out with a note today saying that they do expect demand for Federal student loan refinances, obviously, to ramp up here in the third quarter. Really just speaks to the role that SoFi does play in student loan payments. The best two-day rally that we've seen since last August. The stock closing up the last two trading sessions. So hence being a beneficiary, reaping the rewards of the debt deal. We know that SoFi is a key player in the student loan sector.

SoFi had sued the government earlier this year to end the repayment pause. Why is that beneficial to SoFi? The payments had been paused for some time now. As it stands, the debt deal, which we know will be voted on tonight, includes language that would trigger student loan repayments. On the flip side, though, you have shares of SoFi surging today, up about 15% as it reaps the reward of the debt deal. But Oppenheimer put out a note saying that they think that the issues for Advance Auto Parts are kind of contained to that company and maybe just isolated operational issues there compared to its peers.

But, again, you're seeing a little bit of a knock-on effect. Have to do a historical check just to confirm that. And what's interesting, though, in terms of what's happening to the stock, you had a little bit of a contagion effect to some of the competitors, like AutoZone, which also got dinged as well, but nothing like what we're seeing with Advance Auto Parts, which that looks to be like its worst day ever for that stock. And when you take into account what we're hearing from the CEO Tom Greco, he did warn that some of the competitive dynamics that Advanced Auto Parts experienced in the first quarter, he expects that to continue, at least for now. About a 40% cut that we are looking at to its outlook here, Diane. That's down from its prior forecast of $10.20 to $11.20.

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Now sees full year 2023 EPS forecast in a range of $6 to $6.50.

Let's take a look at some of the individual movers of the day. Click here to see what HPE's CFO had to say about his company's results. and Hewlett Packard Enterprise ended the day lower after the companies reported earnings that didn't meet investor expectations.

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