Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company offers its services under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard brand. Additionally, it sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

Carnival выглядит как компания с уже заметно восстановленной прибыльностью, но с сохраняющимися балансовыми рисками, которые ограничивают потенциал переоценки. P/E на уровне 13.9 ниже медианы отрасли, что поддерживает идею умеренной недооценки по прибыли, однако P/S и P/B заметно выше отраслевых ориентиров, а это говорит о том, что рынок уже закладывает в цену сильное восстановление. P/FCF ниже медианы — это плюс, потому что свободный денежный поток оценивается более сдержанно, чем выручка и балансовая стоимость. При этом долговая нагрузка остаётся очень высокой: debt/equity существенно выше медианы, а long-term debt в абсолюте велик, хотя по годам он постепенно снижается. Ликвидность слабая, поскольку quick ratio и current ratio находятся значительно ниже нормальных уровней, и это главный фундаментальный минус для инвестиционного профиля. С другой стороны, рентабельность выглядит сильной: ROE, ROA, operating margin и net profit margin выше отрасли и в целом улучшаются по годам, что подтверждает эффективность бизнеса после восстановления. Выручка и прибыль остаются крупными, а чистая прибыль и операционная прибыль положительные, что важно для оценки устойчивости. Однако EPS и прогнозный EPS остаются ниже отраслевой медианы, а их динамика не выглядит линейно сильной, поэтому качество прибыли пока нельзя назвать безусловно высоким. Gross margin близка к отраслевой норме, то есть преимущество Carnival сейчас формируется скорее на уровне операционной дисциплины и масштаба, чем за счёт уникально высокой валовой маржи. Собственный капитал растёт, net worth и equity улучшаются, что частично компенсирует долговую нагрузку и снижает риск балансового давления. Дивидендная доходность остаётся низкой и не является ключевым драйвером для акционеров, поэтому инвестиционный кейс здесь строится не на доходности, а на восстановлении и нормализации показателей. В целом фундаментал поддерживает умеренно позитивный взгляд, но высокая долговая нагрузка, слабая ликвидность и дорогие по выручке и балансовой стоимости мультипликаторы не позволяют агрессивно повышать целевой ориентир.

Carnival Corporation Ltd.

Carnival демонстрирует сильную рентабельность и улучшение капитала, но высокая долговая нагрузка и слабая ликвидность сдерживают переоценку.

In trading on Friday, shares of Carnival Corporation Ltd (Symbol: CCL) crossed above their 200 day moving average of $28.41, changing hands as high as $29.20 per share. Carnival Corporation Ltd shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of CCL shares, versus its 200 day moving average:
Looking at the chart above, CCL's low point in its 52 week range is $22.1119 per share, with $34.03 as the 52 week high point — that compares with a last trade of $29.07. The CCL DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
Further CCL Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CCL Makes Bullish Cross Above Critical Moving Average

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.75%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.29%. June E-mini S&P futures (ESM26) rose +1.73%, and June E-mini Nasdaq futures (NQM26) rose +3.26%.
Stock indexes settled sharply higher on Thursday, after geopolitical risks eased when President Trump canceled planned strikes on Iran and signaled that a peace deal to end the war was imminent. Chipmakers and other AI-related stocks rallied on Thursday, leading the broader market higher. Also, Thursday’s -2% plunge in WTI crude oil sparked a rally in airline stocks and cruise line operators. However, software stocks retreated on Thursday, led by an -8% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.
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Stocks raced to their highs Thursday afternoon when President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership. He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."
Stocks were initially weighed down on Thursday amid concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.
Stocks were also pressured by Thursday’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.
Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal. Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan. The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.
US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.
US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years. However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.
WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times on Thursday. Crude prices today initially gave up an overnight advance of more than +2% and fell more than -2% after President Trump said he canceled planned strikes on Iran and that a peace deal to end the war was imminent. Crude prices initially rallied more than +2% on Thursday when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.
The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed up +0.78%. China's Shanghai Composite closed down -0.16%. Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.
Interest Rates
September 10-year T-notes (ZNU6) on Thursday closed up +17 ticks, and the 10-year T-note yield fell -9.3 bp to 4.459%. T-notes rallied on Thursday after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy. T-notes also garnered support on Thursday from the -2% fall in WTI crude oil prices, which lowered inflation expectations. The 10-year breakeven inflation rate fell to a 2.5-month low of 2.303% on Thursday.
Gains in T-notes were limited after stocks rallied sharply, which curbed safe-haven demand for government debt securities. Also, slack demand for the Treasury’s $22 billion auction of 30-year T-bonds was negative for T-notes, as the auction had a bid-to-cover ratio of 2.33, below the 10-auction average of 2.39.
European government bond yields moved lower on Thursday. The 10-year German Bund yield fell from a 2.5-week high of 3.091% and finished down -4.5 bp to 3.032%. The 10-year UK gilt yield fell -2.6 bp to 4.905%.
The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."
The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9% and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.
Swaps are discounting a 62% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks rallied sharply on Thursday amid signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending. Sandisk (SNDK) closed up more than +14% to lead gainers in the S&P 500 and Nasdaq 100, and KLA Corp (KLAC) closed up more than +13%. Also, Lam Research (LRCX) closed up more than +12%, and Applied Materials (AMAT), ARM Holdings Plc (ARM), Marvell Technology (MRVL), and Micron Technology (MU) closed up more than +11%. In addition, Intel (INTC) and ASML Holding NV (ASML) closed up more than +9%, and Advanced Micro Devices (AMD) and Western Digital (WDC) closed up more than +7%. Finally, Seagate Technology Holdings Plc (STX), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) closed up more than +6%, and Microchip Technology (MCHP) and Texas Instruments (TXN) closed up more than +5%.
Airline stocks and cruise line operators moved sharply higher on Thursday after WTI crude oil fell more than -2%, lowering fuel costs and boosting the companies’ profitability prospects. Alaska Air Group (ALK) closed up more than +11%, and United Airlines Holdings (UAL) and American Airlines Group (AAL) closed up more than +9%. Also, Carnival (CCL) closed up more than +8%, and Southwest Airlines (LUV) and Royal Caribbean Cruises (RCL) closed up more than +7%. In addition, Norwegian Cruise Line Holdings (NCLH) and Delta Air Lines (DAL) closed up more than +6%.
Cryptocurrency-exposed stocks moved higher on Thursday as Bitcoin (^BTCUSD) rose more than +3%. Galaxy Digital Holdings (GLXY) closed up more than +10%, and Riot Platforms (RIOT) closed up more than +8%. Also, MARA Holdings (MARA) closed up more than +7%, Coinbase Global (COIN) closed up more than +4%, and Strategy (MSTR) closed up more than +3%.
Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -8% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components. Also, Autodesk (ADSK) closed down more than -7% to lead losers in the Nasdaq 100, and Adobe Systems (ADBE) closed down more than -6%. In addition, Workday (WDAY) closed down more than -5%, and Salesforce (CRM) closed down more than -2% to lead losers in the Dow Jones Industrials. Finally, ServiceNow (NOW), Atlassian Corp (TEAM), and Intuit (INTU) closed down more than -2%, and Microsoft (MSFT) closed down more than -1%.
Energy stocks and service providers slumped on Thursday after WTI crude oil fell more than -2%. Devon Energy (DVN) closed down more than -4%, and ConocoPhillips (COP) and APA Corp (APA) closed down more than -3%. Also, Chevron (CVX), Diamondback Energy (FANG), Exxon Mobil (XOM), and Occidental Petroleum (OXY) closed down more than -2%.
Voyager Technologies (VOYG) closed up more than +16% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.
Navan (NAVN) closed up more than +9% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.
Eaton Corp Plc (ETN) closed up more than +5% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.
Allegion Plc (ALLE) closed up more than +3% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.
Earnings Reports(6/12/2026)
America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Sharply Higher on Middle East Peace Hopes

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.62%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.87%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.98%. June E-mini S&P futures (ESM26) fell -1.62%, and June E-mini Nasdaq futures (NQM26) fell -2.07%.
Stock indexes sold off sharply on Wednesday, with the Dow Jones Industrials falling to a 2.5-week low. Rising geopolitical tensions in the Middle East lifted crude oil prices by more than +2% on Wednesday, sparking losses in stocks and bonds. Chipmakers, AI-infrastructure stocks, and the Magnificent Seven technology stocks all retreated on Wednesday, pressuring the overall market. Also, rising crude oil prices weighed on airline stocks, and trucking companies fell after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.
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Stocks extended losses and crude oil prices added to gains on Wednesday when President Trump pledged to strike Iran again after accusing the country of delaying talks on an interim peace deal. Mr. Trump declined to say what targets US forces would hit but said: "We hit them hard yesterday, and we're going to hit them hard again today."
Stocks found some support on Wednesday after US May consumer prices came in as expected, easing inflation concerns. Also, sharp gains in crude oil prices on Wednesday lifted energy producers.
US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years. May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.
US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%. The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.
WTI crude oil prices (CLN26) soared more than +2% on Wednesday after the US and Iran exchanged strikes overnight. The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter. In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait. The increase in tensions risks derailing peace talks between Iran and the US, keeping the Strait of Hormuz closed, and further tightening global energy supplies.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets settled lower on Wednesday. The Euro Stoxx 50 fell to a 2.5-week low and closed down -0.66%. China's Shanghai Composite closed down -0.42%. Japan's Nikkei Stock Average closed down -1.89%.
Interest Rates
September 10-year T-notes (ZNU6) on Wednesday closed down -2.5 ticks, and the 10-year T-note yield rose +2.3 bp to 4.540%. T-notes were under pressure on Wednesday after WTI crude oil prices surged more than +2%, which raised inflation expectations. Losses in T-notes were limited after the US May CPI report rose as expected, easing inflation concerns. Also, strong demand for the Treasury’s $39 billion auction of 10-year T-notes was positive for T-notes, as the auction had a bid-to-cover ratio of 2.57, well above the 10-auction average of 2.47.
European government bond yields moved higher on Wednesday. The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and finished up +3.4 bp to 3.076%. The 10-year UK gilt yield rose +2.8 bp to 4.931%.
Swaps are discounting a 99% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Chipmakers and AI-infrastructure stocks moved lower on Wednesday and led the broader market lower. ON Semiconductor (ON) and Qualcomm (QCOM) closed down more than -6%, and Marvell Technology (MRVL), ARM Holdings Plc (ARM), and Western Digital (WDC) closed down more than -5%. Also, Broadcom (AVGO), Advanced Micro Devices (AMD), and Micron Technology (MU) closed down more than -4%, and NXP Semiconductors NV (NXPI), Microchip Technology (MCHP), and Seagate Technology Holdings Plc (STX) closed down more than -3%.
Most of the Magnificent Seven technology stocks settled lower on Wednesday, weighing on the overall market. Nvidia (NVDA) and Tesla (TSLA) closed down more than -3%, and Alphabet (GOOGL), Amazon.com (AMZN), and Meta Platforms (META) closed down more than -2%. Also, Microsoft (MSFT) closed down more than -1%. However, Apple (AAPL) bucked the trend, closing up 0.35%.
Airline stocks and cruise line operators sold off on Wednesday as WTI crude oil rose more than 2%, boosting fuel costs and dampening the companies’ profitability prospects. Alaska Air Group (ALK) closed down more than -7%, and United Airlines Holdings (UAL), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) closed down more than -6%. Also, Delta Air Lines (DAL) and Royal Caribbean Cruises (RCL) closed down more than -5%, and American Airlines Group (AAL) and Southwest Airlines (LUV) closed down more than -4%.
Trucking companies were under pressure on Wednesday after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners. FedEx Freight Holding Co (FDXF) closed down more than -6%, and Old Dominion Freight Line (ODFL) and XPO Inc (XPO) closed down more than -5%. Also, ArcBest (ARCB) closed down more than -4%, and Saia Inc (SAIA) and CH Robinson Worldwide (CHRW) closed down more than -3%. In addition, JB Hunt Transport Services (JBHT) closed down more than -2%.
Energy producers and service providers moved higher on Wednesday as WTI crude oil rose more than +2%. Devon Energy (DVN) closed up more than +5%, and APA Corp (APA) closed up more than +3%. Also, ConocoPhillips (COP) closed up more than +2%, and Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), Diamondback Energy (FANG), Exxon Mobil (XOM), and Valero Energy (VLO) closed up more than +1%.
Super Micro Computer (SMCI) closed down more than -27% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.
Dianthus Therapeutics (DNTH) closed down more than -9% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.
Summit Therapeutics (SMMT) closed down more than -8% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.
Cracker Barrel Old Country Store (CBRL) closed up more than +22% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.
Casey’s General Stores (CASY) closed up more than +20% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.
Live Nation Entertainment (LYV) rose more than +2% after Morgan Stanley raised its price target on the stock to $200 from $185, saying concerns around the impact of regulation on resale ticket pricing are overstated.
Illumina (ILMN) closed up more than +1% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.
Earnings Reports(6/11/2026)
Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Sharply Lower on Escalating Middle East Tensions

Key Points
Viking is crushing the market with an 84% jump over the past year. The three better-known cruise line stocks are losing to the market.
A differentiated product with an older and wealthier clientele have helped protect it from a bumpy economy.
It already has more than 92% of its capacity booked for the rest of 2026, a sign of perseverance and brand loyalty.
Despite being one of the NFL's most winningest franchises, the Minnesota Vikings have never won a Super Bowl. Viking Holdings (NYSE: VIK), on the other hand, is winning it all in its market. Shares of the river cruise leader have nearly doubled over the past year.
Viking's 84% jump in that time is obviously beating the market. It's also crushing the competition. The other three publicly traded ocean cruise giants have posted gains of 11%, 2%, and a 6% decline over the past year. What makes Viking different? Let's dive into some of the reasons why the tide isn't raising all ships.
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1. A river runs through it
There's a big difference between a river cruise -- the niche that Viking dominates with more than half of the North American outbound market -- and the more common ocean liner itineraries. The lion's share of sailings for Carnival Corp., Royal Caribbean, and Norwegian Cruise Line are in the Caribbean, highlighting sandy beaches and tropical getaways.
Viking has a small presence in the ocean liner market, but most of its fleet consists of longships gliding along 21 different rivers across all seven continents. Viking's emphasis is on exploring antiquities, history, and destinations unreachable by larger vessels. No one packs snorkeling gear on a Viking river itinerary.
2. The vibe is different
Unlike the major cruise lines with ships that take on thousands of guests, Viking longships have a capacity of 190 passengers on 95 berths. Do the math, and it's a maximum of two guests in each room. Traditional cruise lines often offer discounts for third and fourth passengers sharing the same berth.
There are no family suites on a Viking longship. No one under 18 is even allowed on the ship. There are some niche ocean liners, including Virgin and Oceania, that also restrict sailing to adults, but Viking doesn't have the same policy, making it easier to police the casinos and nightclubs. There are no casinos on a Viking longship. The vibe is quieter, with an emphasis on education and destinations.
3. The clientele is older and wealthier
Now we start getting into why Viking has been crushing it as a business. It costs substantially more for one of its expeditions than the more mainstream offerings of the traditional operators. It costs roughly four times more for a weeklong Viking expedition than a weeklong Carnival cruise.
Pricing and the nostalgia of a luxury river cruise combine for a juicy target audience. In its prospectus from its IPO two years ago, Viking spells out its most relevant customer group:
English-speaking travelers aged 55 years old and over, who have the time, money and desire to explore the world.
With affluent and typically retired passengers, Viking's business can weather the economic storm better than other consumer-facing businesses. It's a winning recipe in today's climate.
4. Loyalty matters
A high-end Viking watery adventure may seem like a bucket list item, but folks keep coming back to the bucket. A little more than half of Viking passengers on any given sailing are repeat customers. It's a testament to the quality of Viking's product.
You pay up for a Viking sailing, but you're getting a lot. Passengers get a free excursion at every port of call, a big money maker for the rest of the industry. Viking also offers free Wi-Fi, spa access, and even beer or wine, along with soft drinks during lunch or dinner.
Viking has consistently ranked at the top, and it's why 92% of its capacity for its 2026 sailings was spoken for as of last month, when it posted blowout quarterly results. A healthy 38% of next year's capacity is already booked, ahead of the 37% it was at a year earlier for the following year's slate.
5. Margins remain strong
Cruise lines in general are growing. Royal Caribbean, Carnival, and Norwegian posted top-line gains between 6% and 10% for their latest quarters. Viking is laughing at the rearview mirror with its 18% first-quarter revenue jump.
The business gets even better as you work your way down the income statement. Viking became the first cruise line operator to return to positive operating income following the devastating COVID-19 crisis. It got there in 2022.
Viking's trailing net margin of 18% is impressive, well ahead of Carnival's 12% and Norwegian's 6%. Royal Caribbean is higher, but there's a reason why that cruise line operator commands the largest market cap in the industry.
Viking stands out as a luxury brand stock in the travel market. Even the announcement that founder CEO Torstein Hagen was stepping down last month -- something that could rattle investors in companies when successful longtime leaders move on -- didn't leave a dent. Viking is different, and investors are grateful.
Should you buy stock in Viking right now?
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Rick Munarriz has positions in Royal Caribbean Cruises and Viking. The Motley Fool has positions in and recommends Viking. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

5 Reasons Viking Is a Different Kind of Cruise Line Stock

The S&P 500 Index ($SPX) (SPY) today is down -0.61%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.88%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%. June E-mini S&P futures (ESM26) are down -0.71%, and June E-mini Nasdaq futures (NQM26) are down -0.97%.
Stock indexes are sliding for a second day today, as chipmakers and AI-infrastructure stocks retreat. Also, rising crude oil prices are weighing on airline stocks, and trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.
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Stocks found some support today after US May consumer prices came in as expected, easing inflation concerns. Also, gains in crude oil prices today are lifting energy producers.
US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years. May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.
US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%. The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.
WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight. The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter. In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait. Gains in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to “pay the price,” fueling concerns that the US may escalate military attacks on Iran.
The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are mixed today. The Euro Stoxx 50 recovered from a 2.5-week low and is up +0.03%. China's Shanghai Composite closed down -0.42%. Japan's Nikkei Stock Average closed down -1.89%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -1 tick, and the 10-year T-note yield is up +0.2 bp to 4.519%. T-notes are under slight pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations. Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today. T-notes recovered from their worst levels after the US May CPI report rose as expected, easing inflation concerns.
European government bond yields are moving higher today. The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +1.7 bp to 3.060%. The 10-year UK gilt yield is up +1.7 bp to 4.920%.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Chipmakers and AI-infrastructure stocks are leading the broader market lower today. ON Semiconductor (ON) is down more than -5%, and Qualcomm (QCOM) is down more than -5% to lead losers in the Nasdaq 100. Also, Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, andAdvanced Micro Devices (AMD), NXP Semiconductors NV (NXPI), ARM Holdings Plc (ARM), and Microchip Technology (MCHP) are down more than -3%. In addition, Nvidia (NVDA), Marvell Technology (MRVL), and Micron Technology (MU) are down more than -2%.
Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners. Old Dominion Freight Line (ODFL) is down more than -4%, and FedEx Freight Holding Co (FDXF), ArcBest (ARCB), and XPO Inc (XPO) are down more than -3%. Also, Saia Inc (SAIA) is down more than -2%, and CH Robinson Worldwide (CHRW) and JB Hunt Transport Services (JBHT) are down more than -2%.
Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which is boosting fuel costs and dampening profitability prospects. United Airlines Holdings (UAL), Alaska Air Group (ALK), and Carnival (CCL) are down more than -4%, and American Airlines Group (AAL), Delta Air Lines (DAL), Royal Caribbean Cruises (RCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -3%. Also, Southwest Airlines (LUV) is down more than -2%.
Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%. Devon Energy (DVN) is up more than +5%, and APA Corp (APA) is up more than +3%. Also, ConocoPhillips (COP), Marathon Petroleum (MPC), Phillips 66 (PSX), and Chevron (CVX) are up more than +2%. In addition, Diamondback Energy (FANG), Exxon Mobil (XOM), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.
Super Micro Computer (SMCI) is down more than -17% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.
Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.
Summit Therapeutics (SMMT) is down more than -7% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.
Cracker Barrel Old Country Store (CBRL) is up more than +27% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.
Casey’s General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.
Illumina (ILMN) is up more than +3% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.
Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.
Earnings Reports(6/10/2026)
Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Resume Decline as Chipmakers and AI Companies Fall

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.28%. June E-mini S&P futures (ESM26) are down -0.25%, and June E-mini Nasdaq futures (NQM26) are down -0.22%.
Stock indexes are sliding today, led by weakness in technology stocks, as investors rotate out of the sector, weighing on the broader market. Also, trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners. However, stock indexes recovered from their worst levels after US May consumer prices came in as expected, easing inflation concerns.
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US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years. May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.
US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%. The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.
WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight. The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter. In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait. Losses in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to “pay the price,” fueling concerns that the US may escalate military attacks on Iran.
The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are lower today. The Euro Stoxx 50 fell to a 2.5-week low and is down -0.34%. China's Shanghai Composite closed down -0.42%. Japan's Nikkei Stock Average closed down -1.89%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.523%. T-notes are under pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations. Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.
Today’s stock weakness has boosted some safe-haven demand for government debt securities and is limiting losses in T-notes. Also, today’s as-expected US May CPI report limited the downside in T-notes.
European government bond yields are moving higher today. The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +2.7 bp to 3.070%. The 10-year UK gilt yield is up +2.1 bp to 4.924%.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
The weakness in chipmakers and AI-infrastructure stocks is leading the broader market lower today. Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, and Seagate Technology Holdings Plc (STX) is down more than -3%. Also, Micron Technology (MU) is down more than -2%, and Nvidia (NVDA), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) are down more than -1%.
Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners. ArcBest (ARCB) is down more than -7%, and Old Dominion Freight Line (ODFL) is down more than -6% to lead losers in the Nasdaq 100. Also, Saia Inc (SAIA) and XPO Inc (XPO) are down more than -5%. In addition, FedEx Freight Holding Co (FDXF), CH Robinson Worldwide (CHRW), and JB Hunt Transport Services (JBHT) are down more than -2%.
Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which boosts fuel costs and dampens profitability prospects. United Airlines Holdings (UAL) and Alaska Air Group (ALK) are down more than -3%, and American Airlines Group (AAL), Delta Air Lines (DAL), and Royal Caribbean Cruises (RCL) are down more than -2%. Also, Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -1%.
Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%. Devon Energy (DVN) is up more than +4%, and APA Corp (APA) is up more than +3%. Also, ConocoPhillips (COP) is up more than +2%, and Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.
Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.
Super Micro Computer (SMCI) is down more than -12% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.
Summit Therapeutics (SMMT) is down more than -3% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.
Cracker Barrel Old Country Store (CBRL) is up more than +31% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.
Casey’s General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.
Illumina (ILMN) is up more than +2% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.
Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.
Earnings Reports(6/10/2026)
Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Fall on Weakness in Tech and Trucking Companies

Investors looking for stocks in the Leisure and Recreation Services sector might want to consider either Carnival (CCL) or Vail Resorts (MTN). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Currently, Carnival has a Zacks Rank of #2 (Buy), while Vail Resorts has a Zacks Rank of #5 (Strong Sell). This means that CCL's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one piece of the puzzle for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
CCL currently has a forward P/E ratio of 12.51, while MTN has a forward P/E of 27.58. We also note that CCL has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MTN currently has a PEG ratio of 11.17.
Another notable valuation metric for CCL is its P/B ratio of 2.63. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, MTN has a P/B of 5.11.
These are just a few of the metrics contributing to CCL's Value grade of A and MTN's Value grade of C.
CCL has seen stronger estimate revision activity and sports more attractive valuation metrics than MTN, so it seems like value investors will conclude that CCL is the superior option right now.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CCL vs. MTN: Which Stock Is the Better Value Option?

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.26%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.12%. June E-mini S&P futures (ESM26) fell -0.36%, and June E-mini Nasdaq futures (NQM26) fell -1.15%.
Stock indexes gave up an early advance on Tuesday and retreated, with the S&P 500 and Nasdaq 100 falling to 5-week lows. Chipmakers gave up an early advance on Tuesday and sold off sharply as investors rotated out of the sector, weighing on the broader market. Also, weakness in software stocks dragged on the overall market, and energy producers slid amid Tuesday’s -3% plunge in WTI crude oil prices (CLN26) to a 7-week low.
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However, home builders and suppliers rallied on Tuesday after US Apr existing home sales rose to a 5-month high. Also, airline stocks and cruise line operators moved higher as the slump in crude prices on Tuesday lowered fuel costs and boosted the companies’ profitability prospects.
Tuesday’s US economic news was supportive for stocks, as the Apr trade deficit eased to -$55.9 billion from -$56.6 billion in Mar, narrower than the -$56.1 billion expected. Also, May existing home sales rose +3.2% m/m to a 5-month high of 4.17 million, stronger than expectations of 4.07 million.
Crude oil prices sank on Tuesday to a 7-week low after Iran and Israel agreed to end hostilities toward each other. President Trump on Tuesday predicted a swift end to war with Iran and a subsequent fall in oil prices and said, “We’re in the final throes of what will be a very, very good deal, and that they could have at least an idea one or two days from now” about the deal. However, crude price bounced off its low and stocks added to their losses Tuesday afternoon when President Trump blamed Iran for shooting down a US military helicopter and said the US would respond, reigniting fears that the US-Iran peace plan is in peril and the Strait of Hormuz will remain closed, further tightening global oil supplies.
China trade news was better than expected, a positive factor for global economic growth. May exports rose +19.4% y/y, stronger than expectations of +15.0% y/y. Also, May imports rose +27.4% y/y, stronger than expectations of +26.0% y/y.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets settled mixed on Tuesday. The Euro Stoxx 50 fell from a 1.5-week high and closed down -0.21%. China's Shanghai Composite closed up +1.28%. Japan's Nikkei Stock Average closed up +2.17%.
Interest Rates
September 10-year T-notes (ZNU6) on Tuesday closed up +6 ticks, and the 10-year T-note yield fell -3.6 bp to 4.526%. Sep T-note prices rose on Tuesday amid a -3% plunge in WTI crude oil prices, which eased inflation expectations. The 10-year breakeven inflation rate fell to a 2-month low of 2.337% on Tuesday. Also, Tuesday’s stock sell-off boosted safe-haven demand for T-notes.
Tuesday’s stronger-than-expected US May existing home sales report limited gains in T-notes. Also, so-so demand for the Treasury’s $58 billion auction of 3-year T-notes was negative for T-notes, as the bid-to-cover ratio was 2.64, below the 10-auction average of 2.65.
European government bond yields moved lower on Tuesday. The 10-year German Bund yield fell -1.8 bp to 3.043%. The 10-year UK gilt yield fell -3.0 bp to 4.903%.
German Apr industrial production rose +0.4% m/m, right on expectations and the biggest increase in five months.
German trade news was better than expected as Apr exports unexpectedly rose +0.9% m/m, stronger than expectations of a-0.5% m/m decline. Also, Apr imports unexpectedly rose +1.2% m/m versus expectations of a -2.0% m/m decline.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Chipmakers gave up an early advance today and turned lower, weighing on the broader market. Marvell Technology (MRVL) closed down more than -10% to lead losers in the Nasdaq 100, and Qualcomm (QCOM) and ARM Holdings Plc (ARM) closed down more than -7%. Also, Advanced Micro Devices (AMD) and Micron Technology (MU) closed down more than -4%, andIntel (INTC) closed down more than -3%. In addition, NXP Semiconductors NV (NXPI) closed down more than -2%, and Broadcom (AVGO) and Texas Instruments (TXN) closed down more than -1%.
Software stocks retreated on Tuesday, weighing on the overall market. ServiceNow (NOW) closed down more than -6%, and Salesforce (CRM) closed down more than -4% to lead losers in the Dow Jones Industrials. Also, Intuit (INTU), Oracle (ORCL), and Palantir Technologies (PLTR) closed down more than -3%, and Workday (WDAY), Atlassian Corp (TEAM), and Adobe Systems (ADBE) closed down more than -2%. In addition, Microsoft (MSFT) and Datadog (DDOG) closed down more than -1%.
Energy producers and service providers slid on Tuesday as WTI crude oil fell more than -3% to a 7-week low. APA Corp (APA), Marathon Petroleum (MPC), Phillips 66 (PSX), Devon Energy (DVN), Halliburton (HAL), and Diamondback Energy (FANG) closed down more than -2%. Also, Baker Hughes (BKR), Chevron (CVX), Exxon Mobil (XOM), Valero Energy (VLO), ConocoPhillips (COP), Occidental Petroleum (OXY), and SLB Ltd (SLB) closed down more than -1%.
Airline stocks and cruise line operators rallied on Tuesday as WTI crude oil fell more than 3% to a 7-week low, lowering the companies’ fuel costs and boosting profitability prospects. Alaska Air Group (ALK) closed up more than +6%, and Southwest Airlines (LUV) closed up more than +5%. Also, United Airlines Holdings (UAL) closed up more than +4%, and American Airlines Group (AAL), Delta Air Lines (DAL), and Royal Caribbean Cruises (RCL) closed up more than +3%. In addition, Carnival (CCL) and Norwegian Cruise Line Holdings (NCLH) closed up more than +2%.
Homebuilders and building suppliers moved higher on Tuesday after US May existing home sales rose more than expected to a 5-month high. Builders Firstsource (BLDR) closed up more than +6%, and Toll Brothers (TOL) closed up more than +5%. Also, DR Horton (DHI) and Pulte Group (PHM) closed up more than +4%, and Home Depot (HD) closed up more than +3% to lead gainers in the Dow Jones Industrials. In addition, KB Home (KBH) closed up more than +3%, and Lennar (LEN) closed up more than +1%.
SailPoint (SAIL) closed down more than -11% after forecasting Q2 adjusted EPS of 7 cents to 8 cents, the midpoint below the consensus of 7.9 cents.
United Natural Foods (UNFI) closed down more than -10% after reporting Q3 net sales of $7.72 billion, weaker than the consensus of $7.80 billion, and forecasting full-year net sales of $31.10 billion to $31.30 billion, below the consensus of $31.32 billion.
Vail Resorts (MTN) closed down more than -4% after reporting Q3 EPS of $8.81, weaker than the consensus of $9.00.
Novanta (NOVT) closed down more than -2% after agreeing to acquire Riverpoint Medical from Arlington Capital for $1.2 billion in cash.
Nuvalent (NUVL) closed up more than +39% after GSK Plc agreed to buy the company for $10.6 billion, or about $124 a share.
J M Smucker (SJM) closed up more than +10% to lead gainers in the S&P 500 after reporting Q4 adjusted EPS of $2.77, better than the consensus of $2.64, and forecasting 2027 adjusted EPS of $9.75 to $10.25, the midpoint above the consensus of $9.78.
West Pharmaceutical Services (WST) closed up more than +4% after Barclays upgraded the stock to overweight from equal weight with a price target of $400.
Applied Digital (APLD) closed up more than +2% after signing a 15-year take-or-pay lease with a US-based artificial intelligence hyperscaler for 210 megawatts of IT load at its Delta Forge 2 campus.
Earnings Reports(6/10/2026)
Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Broader Market Pressured as Chip Stocks Sink

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%. June E-mini S&P futures (ESM26) are down -0.25%, and June E-mini Nasdaq futures (NQM26) are down -0.74%.
Stock indexes gave up an early advance today and are trading mixed, with the S&P 500 falling to a 2.5-week low. Chipmakers gave up an early advance today and turned lower, weighing on the broader market. Also, weakness in software stocks is a drag on the overall market, and energy producers are sliding with today’s -3% plunge in WTI crude oil prices (CLN26) to a 1-week low.
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Today’s US economic news was supportive for stocks, as the Apr trade deficit eased to -$55.9 billion from -$56.6 billion in Mar, narrower than the -$56.1 billion expected. Also, May existing home sales rose +3.2% m/m to a 5-month high of 4.17 million, stronger than expectations of 4.07 million.
Crude oil prices are sinking today and posted a 1-week low after Iran and Israel agreed to end hostilities toward each other. President Trump today predicted a swift end to war with Iran and a subsequent fall in oil prices and said, “We’re in the final throes of what will be a very, very good deal, and that they could have at least an idea one or two days from now” about the deal.
China trade news was better than expected, a positive factor for global economic growth. May exports rose +19.4% y/y, stronger than expectations of +15.0% y/y. Also, May imports rose +27.4% y/y, stronger than expectations of +26.0% y/y.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are higher today. The Euro Stoxx 50 climbed to a 1.5-week high and is up +0.52%. China's Shanghai Composite closed up +1.28%. Japan's Nikkei Stock Average closed up +2.17%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +3 ticks, and the 10-year T-note yield is down -2.2 bp to 4.540%. Sep T-note prices are modestly higher today amid a -3% plunge in WTI crude oil prices, which eased inflation expectations. The 10-year breakeven inflation rate fell to a 7-week low of 2.348% today.
Today’s stronger-than-expected US May existing home sales report is limiting gains in T-notes. Also, supply pressures are negative for T-notes, as the Treasury will auction $58 billion in 3-year T-notes later today.
European government bond yields are moving lower today. The 10-year German Bund yield is down -0.9 bp to 3.052%. The 10-year UK gilt yield is down -3.0 bp to 4.9134%.
German Apr industrial production rose +0.4% m/m, right on expectations and the biggest increase in five months.
German trade news was better than expected as Apr exports unexpectedly rose +0.9% m/m, stronger than expectations of a-0.5% m/m decline. Also, Apr imports unexpectedly rose +1.2% m/m versus expectations of a -2.0% m/m decline.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Chipmakers gave up an early advance today and turned lower, weighing on the broader market. Marvell Technology (MRVL) is down more than -7% to lead losers in the Nasdaq 100, and Qualcomm (QCOM) is down more than -6%. Also, ARM Holdings Plc (ARM) is down more than -5%, and Advanced Micro Devices (AMD), Broadcom (AVGO), and Micron Technology (MU) are down more than -2%. In addition, Nvidia (NVDA), Intel (INTC), and Texas Instruments (TXN) are down more than -1%.
Software stocks are retreating today, weighing on the overall market. ServiceNow (NOW) is down more than -5%, and Workday (WDAY) is down more than -4%. Also, Salesforce (CRM) is down more than -3% to lead losers in the Dow Jones Industrials, and Atlassian Corp (TEAM), Adobe Systems (ADBE), and Palantir Technologies (PLTR) are down more than -2%. In addition, Microsoft (MSFT), Intuit (INTU), Datadog (DDOG), and Oracle (ORCL) are down more than -1%.
Energy producers and service providers are sliding today with WTI crude oil down more than -3% at a 1-week low. APA Corp (APA) is down more than -4%, and Valero Energy (VLO) is down more than -3%. Also, Devon Energy (DVN), ConocoPhillips (COP), Halliburton (HAL), Baker Hughes (BKR), Occidental Petroleum (OXY), Phillips 66 (PSX), Exxon Mobil (XOM), Diamondback Energy (FANG), and Marathon Petroleum (MPC) are down more than -2%.
Airline stocks and cruise line operators are moving higher today with WTI crude oil down more than -3% at a 1-week low, which lowers the companies’ fuel costs and boosts profitability prospects. Alaska Air Group (ALK) is up more than +4%, and American Airlines Group (AAL) is up more than +3%. Also, United Airlines Holdings (UAL), Delta Air Lines (DAL), Royal Caribbean Cruises (RCL), Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) are up more than +2%.
United Natural Foods (UNFI) is down more than -12% after reporting Q3 net sales of $7.72 billion, weaker than the consensus of $7.80 billion, and forecast full-year net sales of $31.10 billion to $31.30 billion, below the consensus of $31.32 billion.
SailPoint (SAIL) is down more than -11% after forecasting Q2 adjusted EPS of 7 cents to 8 cents, the midpoint below the consensus of 7.9 cents.
Novanta (NOVT) is down more than -5% after agreeing to acquire Riverpoint Medical from Arlington Capital for $1.2 billion in cash.
Vail Resorts (MTN) is down more than -4% after reporting Q3 EPS of $8.81, weaker than the consensus of $9.00.
Nuvalent (NUVL) is up more than +38% after GSK Plc agreed to buy the company for $10.6 billion, or about $124 a share.
J M Smucker (SJM) is up more than +11% to lead gainers in the S&P 500 after reporting Q4 adjusted EPS of $2.77, better than the consensus of $2.64, and forecasting 2027 adjusted EPS of $9.75 to $10.25, the midpoint above the consensus of $9.78.
Applied Digital (APLD) is up more than +3% after signing a 15-year take-or-pay lease with a US-based artificial intelligence hyperscaler for 210 megawatts of IT load at its Delta Forge 2 campus.
West Pharmaceutical Services (WST) is up more than +3% after Barclays upgraded the stock to overweight from equal weight with a price target of $400.
Earnings Reports(6/9/2026)
Casey's General Stores Inc (CASY), J M Smucker Co/The (SJM), SailPoint Inc (SAIL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Erase Early Gains as Chipmakers Turn Lower

The S&P 500 Index ($SPX) (SPY) today is up +0.93%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.89%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.17%. June E-mini S&P futures (ESM26) are up +0.76%, and June E-mini Nasdaq futures (NQM26) are up +0.92%.
Stock indexes are climbing for a second day today as the rebound in the artificial intelligence trade continues. Strength in chipmakers and AI-infrastructure stocks is leading gainers in the broader market. Also, today’s -2% decline in WTI crude oil prices (CLN26) has knocked inflation expectations lower and is supportive for stocks and bonds.
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Today’s US economic news was supportive for stocks, as the Apr trade deficit eased to -$55.9 billion from -$56.6 billion in Mar, narrower than the -$56.1 billion expected.
Crude oil prices are sliding today and posted a 1-week low after Iran and Israel agreed to end hostilities toward each other. President Trump today predicted a swift end to war with Iran and a subsequent fall in oil prices and said, “We’re in the final throes of what will be a very, very good deal, and that they could have at least an idea one or two days from now” about the deal.
China trade news was better than expected, a positive factor for global economic growth. May exports rose +19.4% y/y, stronger than expectations of +15.0% y/y. Also, May imports rose +27.4% y/y, stronger than expectations of +26.0% y/y.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
Overseas stock markets are higher today. The Euro Stoxx 50 climbed to a 1.5-week high and is up +0.71%. China's Shanghai Composite closed up +1.28%. Japan's Nikkei Stock Average closed up +2.17%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +3 ticks, and the 10-year T-note yield is down -2.2 bp to 4.540%. Sep T-note prices are modestly higher today amid a -2% fall in WTI crude oil prices, which eased inflation expectations. The 10-year breakeven inflation rate fell to a 7-week low of 2.350% today. Supply pressures are limiting gains in T-notes, as the Treasury will auction $58 billion in 3-year T-notes later today.
European government bond yields are mixed today. The 10-year German Bund yield is up +0.3 bp to 3.063%. The 10-year UK gilt yield is down -1.9 bp to 4.924%.
German Apr industrial production rose +0.4% m/m, right on expectations and the biggest increase in five months.
German trade news was better than expected as Apr exports unexpectedly rose +0.9% m/m, stronger than expectations of a-0.5% m/m decline. Also, Apr imports unexpectedly rose +1.2% m/m versus expectations of a -2.0% m/m decline.
Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
The strength of chipmakers and AI-infrastructure stocks is leading the broader market higher today. Lam Research (LRCX) is up more than +4% to lead gainers in the Nasdaq 100, and Applied Materials (AMAT), KLA Corp (KLAC), and Sandisk (SNDK) are up more than +3%. Also, Intel (INTC), Micron Technology (MU), ASML Holding NV (ASML), and Microchip Technology (MCHP) are up more than +2%, and NXP Semiconductors NV (NXPI), Seagate Technology Holdings Plc (STX), Western Digital (WDC), and ON Semiconductor (ON) are up more than +1%.
Airline stocks and cruise line operators are moving higher today with WTI crude oil down more than -2% at a 1-week low, which lowers the companies’ fuel costs and boosts profitability prospects. United Airlines Holdings (UAL), Delta Air Lines (DAL), Alaska Air Group (ALK), and Royal Caribbean Cruises (RCL) are up more than +4%, and Southwest Airlines (LUV), American Airlines Group (AAL), and Carnival (CCL) are up more than +3%. Also, Norwegian Cruise Line Holdings (NCLH) is up more than +2%.
Energy producers and service providers are sliding today with WTI crude oil down more than -2% at a 1-week low. APA Corp (APA) and Devon Energy (DVN) are down more than -2%, and ConocoPhillips (COP), Occidental Petroleum (OXY), Phillips 66 (PSX), Exxon Mobil (XOM), Diamondback Energy (FANG), Marathon Petroleum (MPC), and Valero Energy (VLO) are down more than -1%.
Nuvalent (NUVL) is up more than +38% after GSK Plc agreed to buy the company for $10.6 billion, or about $124 a share.
J M Smucker (SJM) is up more than +10% to lead gainers in the S&P 500 after reporting Q4 adjusted EPS of $2.77, better than the consensus of $2.64, and forecasting 2027 adjusted EPS of $9.75 to $10.25, the midpoint above the consensus of $9.78.
Applied Digital (APLD) is up more than +8% after signing a 15-year take-or-pay lease with a US-based artificial intelligence hyperscaler for 210 megawatts of IT load at its Delta Forge 2 campus.
AST SpaceMobile (ASTS) is up more than +7% after announcing it will launch its BlueBird 8, 9, and 10 satellites on Wednesday, June 17.
West Pharmaceutical Services (WST) is up more than +3% after Barclays upgraded the stock to overweight from equal weight with a price target of $400.
United Natural Foods (UNFI) is down more than -15% after reporting Q3 net sales of $7.72 billion, weaker than the consensus of $7.80 billion, and forecast full-year net sales of $31.10 billion to $31.30 billion, below the consensus of $31.32 billion.
SailPoint (SAIL) is down more than -9% after forecasting Q2 adjusted EPS of 7 cents to 8 cents, the midpoint below the consensus of 7.9 cents.
Vail Resorts (MTN) is down more than -4% after reporting Q3 EPS of $8.81, weaker than the consensus of $9.00.
Gilead Sciences (GILD) is down more than-3%, and Merck & Co (MRK) is down more than -1% after the companies discontinued the Phase 3 trial of Trodelvy combined with Keytruda versus Keytruda alone to treat metastatic non-small cell lung cancer after the trial failed to meet its primary endpoints of progression-free survival and overall survival.
Novanta (NOVT) is down more than -2% after agreeing to acquire Riverpoint Medical from Arlington Capital for $1.2 billion in cash.
Earnings Reports(6/9/2026)
Casey's General Stores Inc (CASY), J M Smucker Co/The (SJM), SailPoint Inc (SAIL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Carnival Corporation Ltd.

Momentum

Metrics since the start of the current trend:

Protective stop levels