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Intuit, MGM Resorts, and Leidos rebound over 30% but face risks
After rallies from 2026 lows, MarketBeat Ratings notes Intuit growth has been driven more by price increases than new users, while MGM and Leidos face deal and guidance-related concerns.
MarketBeat Ratings highlights three catalyst-driven stocks that have each bounced more than 30% off their 2026 lows, even as investors are starting to question whether the rebounds are built on durable fundamentals.
For Intuit, the outlet points to the company’s fiscal Q3 2026 results, reported May 20, where EPS and revenue topped expectations and sales grew more than 10% year over year. It also flags that much of the growth came from price increases rather than net expansion, with average revenue per user up 11%, paid online units up 2%, and total online units down 2%.
MarketBeat Ratings adds that Intuit is gaining more cash per customer while losing market share, particularly among DIY filers earning under $50,000 annually. It also notes TurboTax Live now accounts for more than 50% of the franchise’s revenue and that the company laid off 17% of its workforce as a cost-cutting measure, setting up potential margin and product mix challenges going into fiscal 2027.
The outlet says investors are watching for what happens next, including Intuit’s upcoming fiscal Q4 2026 results on Aug. 25, as well as whether the rebounds in MGM Resorts and Leidos can hold up amid slowing growth, deal risk, and weaker guidance.