Feels like no matter what they report, even great earnings and guidance it will just sell off. I hope I am wrong but that's the pattern at the moment.
Earnings land tomorrow, and the 503-upvote thread shows retail positioning for a rescue of the Nasdaq while fearing the recent pattern where even strong guidance gets sold. The risk worth pricing is a good earnings report that still ends red.
Per CNBC, tech melted down again as the Nasdaq fell about 1%, while the Dow rose.
An 8.9% slide off the $23.39 open leaves the AI lender at $21.31 and a $2.1 billion market cap, a reminder of how little cushion this name carries in after-hours trade. Where it settles at the next open is the number that matters.
Five years in the chip wars: $10,000 in NVIDIA is now $76,783, while the same money in Intel sits at $13,064.
Visa cleared its October 22 peak by 2.7% to a fresh 52-week high of $425.53, capping a run that has taken the $735 billion payments giant off its spring lows near $297. Eleven days between record marks shows how persistent this leg has been.
SoundHound AI marked a new 52-week low at $4.09, 3.08% under the floor it set just three sessions earlier. The voice AI name is down roughly 76% from the $17.11 it traded at a year ago, leaving a $1.7 billion market cap.
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Public Storage just printed a 52-week high at $333.28, 1.87% above the peak it set back on July 28. The $62 billion storage REIT has now retraced the entire slide to the $250s from a year ago.
The exchange operator just set a fresh 52-week high at $108.62, 2.25% above the peak it made only three sessions ago. That is a $60.7 billion company still climbing after a run off February's $79.62 low.
Marsh notched a fresh 52-week high at $205.40, clearing the October 30 peak by 2.38% and pushing the broker's market value to $97.7 billion. The stock traded as low as $158.25 within the past year.
Mondelez just set a new 52-week high at $66.38, clearing its October 22 peak by 1.83% and capping a climb from the low $52s last December. The $84 billion snack maker is now trading at the top of its yearlong range.
A Q3 earnings beat pushed Marriott to $416.30, a record 52-week high and 3.04% above the peak set on Oct. 21. Hotel demand doubters have now been overruled twice in two weeks.
At $6.43, the biggest listed bitcoin miner is now 4.46% under its February low and worth just $2.5 billion. That undercuts every price the stock has traded at in the past year.