Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax. The Small Business & Self-Employed segment provides QuickBooks services, that includes financial and business management online services and desktop software, payroll solutions, time tracking, merchant payment processing solutions, and financing for small businesses; and Mailchimp services, such as e-commerce, marketing automation, and customer relationship management. This segment also offers QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; and QuickBooks Self-Employed solution; payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; and financial supplies and financing for small businesses, as well as electronic filing of federal and state income tax returns. The Consumer segment provides TurboTax income tax preparation products and services. The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products. The ProTax segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services. It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels. The company was founded in 1983 and is headquartered in Mountain View, California.

Intuit Inc. демонстрирует смешанную картину по фундаментальным метрикам. С одной стороны, P/E ниже медианы отрасли на 21.7%, что может указывать на недооцененность, но P/S и P/B значительно выше медианы, что может свидетельствовать о переоцененности. Тем не менее, показатели рентабельности, такие как ROE (21.36%) и ROA (11.90%), значительно превышают медианные значения, что указывает на высокую эффективность управления. Долговая нагрузка низкая (debt/equity 0.28), что является положительным моментом. Однако, текущий коэффициент (1.39) ниже медианы на 26.4%, что указывает на некоторую уязвимость в ликвидности. Дивидендная доходность отсутствует, что снижает привлекательность для инвесторов, ориентированных на доход. При этом выручка и чистая прибыль показывают устойчивый рост, что позитивно сказывается на общей оценке компании. В целом, несмотря на сильные показатели рентабельности и низкий уровень долговой нагрузки, высокая оценка по мультипликаторам заставляет нас быть осторожными в прогнозах.

Intuit Inc.

Key Points
Shares of Intuit have dramatically underperformed the S&P 500 so far this year.
The financial software specialist continues to post robust revenue growth despite the market's fears of disruption.
The stock's premium valuation leaves it vulnerable to further multiple compression if sentiment worsens.
Shares of financial software maker Intuit (NASDAQ: INTU) have taken a massive beating this year. While the S&P 500's year-to-date return is about flat, Intuit stock has plunged. Indeed, shares traded as low as $349 at one point this year. While the stock is now trading well above this low, it's still down more than 30% year to date.
This dramatic underperformance comes as investors grow increasingly concerned about the potential for artificial intelligence (AI) to disrupt software business models like Intuit's.
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But the company's actual financial results haven't been negatively impacted by AI so far. If anything, Intuit has benefited from AI.
So, what should investors make of the recent volatility in Intuit stock?
Robust growth despite the fears
Based on the market's severe reaction, you might assume Intuit's core business is struggling.
But the underlying business continues to execute very well.
In its second quarter of fiscal 2026, the company delivered robust revenue growth, with the top line rising 17% year over year to $4.7 billion.
And the company is highly profitable, generating $6 billion in free cash flow in fiscal 2025. Cash flow like this can help the company to invest heavily in its own platforms to fortify its competitive advantages with its own AI features -- and it's doing exactly that.
The company has rolled out AI agents to assist its customers, and Intuit CEO Sasan Goodarzi said in its most recentearnings callthat more than three million customers have "leveraged agents to do the work for them..."
"In January alone, our accounting agents saved time and delivered impact for our customers by categorizing over 237 million transactions," Goodarzi added. "This represents over half of all the transactions categorized that month."
If you were to ask management if AI is a threat, they'd probably say it's a catalyst.
"Our disruptive AI-native mid-market platform is fueling the success of growing businesses and we are further scaling our investment, product innovation, and go-to-market motions to accelerate customer adoption," Goodarzi said in the company's fiscal second-quarterearnings call
Don't get too excited
However, Intuit's forward-looking guidance points to a near-term slowdown. Management forecast Intuit's upcoming fiscal third-quarter revenue to grow by approximately 10% year over year, representing a notable deceleration from its most recent period.
While the company is notoriously conservative with its guidance, this is still something worth watching.
Ultimately, however, it is possible that Intuit proves -- one quarter at a time -- that its business won't be impaired by AI and may even benefit from it.
But the future remains uncertain, and the market is clearly not ready to give the software giant the benefit of the doubt. When technological shifts occur this rapidly, investors often demand a wider margin of safety.
Understanding valuation risk
This brings us to the core issue driving Intuit's recent decline: valuation risk.
For stocks trading at premium valuations, the underlying business doesn't have to fail for the stock price to collapse.
Sometimes, the market simply decides that a company no longer deserves such a robust premium, and the stock gets rerated lower even as the fundamentals continue compounding nicely.
Before this 2026 software sell-off began, Intuit stock was arguably priced for absolute perfection. Even after the recent haircut, the stock still commands a price-to-earnings ratio of about 30. A valuation like this assumes years of steady double-digit earnings growth.
But with AI introducing a structural unknown into the software landscape, that predictability is exactly what investors are questioning.
If the market continues to recalibrate what it is willing to pay for software earnings in an AI-driven world, shares could remain under pressure.
Prepare for volatility
So, how much further could Intuit stock fall?
While there's no way to know exactly what the stock will do in the near term, investors should be prepared for a bumpy ride. The risk of AI disrupting software is not going anywhere, so the stock's elevated volatility is likely here to stay.
It is entirely possible that shares could test those $349 levels again if broader market sentiment sours or if the company's growth rate shows further deceleration.
With all of this said, shares are certainly more attractive today than they were last year. For investors who believe Intuit will successfully navigate the AI transition, a small position could make sense here given the company's recent robust revenue growth.
Should you buy stock in Intuit right now?
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Intuit Stock Has Been Crushed This Year. How Much Further Could It Fall?

Fintel reports that on March 10, 2026, Rothschild & Co upgraded their outlook for Intuit (NasdaqGS:INTU) from Neutral to Buy.
Analyst Price Forecast Suggests 68.65% Upside
As of February 25, 2026, the average one-year price target for Intuit is $765.38/share. The forecasts range from a low of $545.40 to a high of $1,019.55. The average price target represents an increase of 68.65% from its latest reported closing price of $453.84 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Intuit is 19,662MM, a decrease of 2.28%. The projected annual non-GAAP EPS is 21.03, a decrease of 14.08% from the prior forecast.
What is the Fund Sentiment?
There are 2,597 funds or institutions reporting positions in Intuit. This is an decrease of 909 owner(s) or 25.93% in the last quarter. Average portfolio weight of all funds dedicated to INTU is 0.43%, an increase of 28.84%. Total shares owned by institutions decreased in the last three months by 10.46% to 243,349K shares. The put/call ratio of INTU is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 11,710K shares representing 4.23% ownership of the company. In its prior filing, the firm reported owning 10,570K shares , representing an increase of 9.73%. The firm decreased its portfolio allocation in INTU by 87.67% over the last quarter.
Geode Capital Management holds 6,615K shares representing 2.39% ownership of the company. In its prior filing, the firm reported owning 6,527K shares , representing an increase of 1.32%. The firm decreased its portfolio allocation in INTU by 49.30% over the last quarter.
Price T Rowe Associates holds 5,855K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 6,324K shares , representing a decrease of 8.01%. The firm decreased its portfolio allocation in INTU by 53.93% over the last quarter.
Norges Bank holds 4,617K shares representing 1.67% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Wellington Management Group Llp holds 3,601K shares representing 1.30% ownership of the company. In its prior filing, the firm reported owning 4,029K shares , representing a decrease of 11.87%. The firm decreased its portfolio allocation in INTU by 87.70% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Rothschild & Co Upgrades Intuit (INTU)

For Immediate Release
Chicago, IL – March 9, 2026 – Stocks in this week’s article are Intuit Inc. INTU, The Goldman Sachs Group, Inc. GS and Octave Specialty Group, Inc. OSG
3 Best Earnings Acceleration Stocks to Buy in March 2026
As March begins, savvy investors are likely to focus on companies that show steady earnings growth as an indicator of profitability. Even more influential, however, is earnings acceleration, which is a stronger trigger for pushing stock prices higher. Research indicates that the top-performing stocks often show earnings acceleration before their share prices increase.
To that end, Intuit Inc., The Goldman Sachs Group, Inc. and Octave Specialty Group, Inc. are showing strong earnings acceleration this month.
Earnings Acceleration Explained
Earnings acceleration is the incremental growth in a company’s earnings per share (EPS). In other words, if a company’s quarter-over-quarter earnings growth rate increases within a stipulated time frame, it can be called earnings acceleration.
In the case of earnings growth, you pay for something that is already reflected in the stock price. However, earnings acceleration helps identify stocks that haven’t yet caught investors' attention and, once secured, will invariably lead to a rally in share price. This is because earnings acceleration considers both the direction and magnitude of growth rates.
An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may drag prices down.
The above criteria narrowed the universe of around 7,735 stocks to only 17. Here are the top three stocks:
Intuit
Intuit offers financial management, payments, capital, compliance and marketing services in the United States. INTU’s expected earnings growth rate for the current year is 14.7%. Currently, the company has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Goldman Sachs
Goldman Sachs provides financial services to corporations, institutions, governments and individuals worldwide. Its expected earnings growth rate for the current year is 10.3%. GS currently has a Zacks Rank of #2.
Octave Specialty Group
Octave Specialty is a financial services holding company with two segments: Specialty Property & Casualty Insurance and Insurance Distribution. OSG’s expected earnings growth rate for the current year is 143.1%. Currently, the firm has a Zacks Rank #2.
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Zacks.com featured highlights include Intuit, Goldman Sachs and Octave Specialty

As March begins, savvy investors are likely to focus on companies that show steady earnings growth as an indicator of profitability. Even more influential, however, is earnings acceleration, which is a stronger trigger for pushing stock prices higher. Research indicates that the top-performing stocks often show earnings acceleration before their share prices increase.
To that end, Intuit Inc. INTU, The Goldman Sachs Group, Inc. GS, and Octave Specialty Group, Inc. OSG are showing strong earnings acceleration this month.
Earnings Acceleration Explained
Earnings acceleration is the incremental growth in a company’s earnings per share (EPS). In other words, if a company’s quarter-over-quarter earnings growth rate increases within a stipulated time frame, it can be called earnings acceleration.
In the case of earnings growth, you pay for something that is already reflected in the stock price. However, earnings acceleration helps identify stocks that haven’t yet caught investors' attention and, once secured, will invariably lead to a rally in share price. This is because earnings acceleration considers both the direction and magnitude of growth rates.
An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may drag prices down.
Screening Parameters Using Research Wizard:
Look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods’ growth rates. The projected EPS growth rates for the upcoming quarter are expected to exceed those of prior periods.
EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1).
EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2).
EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3).
In addition to this, we have added the following parameters:
Current Price greater than or equal to $5: This screens out low-priced stocks.
Average 20-day volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
The above criteria narrowed the universe of around 7,735 stocks to only 17. Here are the top three stocks:
Intuit
Intuit offers financial management, payments, capital, compliance and marketing services in the United States. INTU’s expected earnings growth rate for the current year is 14.7%. Currently, the company has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Goldman Sachs
Goldman Sachs provides financial services to corporations, institutions, governments and individuals worldwide. Its expected earnings growth rate for the current year is 10.3%. GS currently has a Zacks Rank of #2.
Octave Specialty Group
Octave Specialty is a financial services holding company with two segments: Specialty Property & Casualty Insurance and Insurance Distribution. OSG’s expected earnings growth rate for the current year is 143.1%. Currently, the firm has a Zacks Rank #2.
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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.

3 Best Earnings Acceleration Stocks to Buy in March 2026

Intuit, Inc.’s INTU shares gained 18.3% since the earnings announcement through yesterday’s closing session. The company reported second-quarter fiscal 2026 results, with revenues and earnings per share (EPS) beating the Zacks Consensus Estimate.
The software leader behind TurboTax, QuickBooks, Credit Karma and Mailchimp has been a long-term winner in financial technology. The question now is whether this share price increase signals upside, suggests a period of holding or creates a selling opportunity. Let us delve deeper and find out.
What’s in Favor of INTU Stock?
The company posted solid second-quarter fiscal 2026 results, with revenues of $4.65 billion rising 17% year over year. The uptick implies continued demand across its small business and consumer ecosystems. Profitability strengthened as non-GAAP operating income grew 23% to $1.55 billion and non-GAAP EPS advanced 25% to $4.15. This performance underscores how its artificial intelligence (AI) and human intelligence (HI) platform innovation fuels the company’s growth and delivers significant customer benefits.
In the quarter, Global Business Solutions generated $3.2 billion in revenues, up 18% year over year, or 21% excluding Mailchimp, while Online Ecosystem revenues grew 21% or 25%, excluding Mailchimp. This growth is underpinned by sustained momentum in mid-market, with Online Ecosystem revenues for QBO Advanced and Intuit Enterprise Suite increasing 40%. The Consumer Group delivered a solid performance, with $1.5 billion in revenues, up 15% year over year, driven by Credit Karma revenue growth of 23%. ProTax revenues grew 7%. Although, overall IRS returns for this tax season were down more than 5 points through Feb. 6, the company delivered 12% TurboTax revenue growth in second-quarter fiscal 2026.
Intuit’s momentum is fueled by three big bets that represent the company's largest growth vectors across $300 billion in TAM, where its penetration is 6%. The first bet is delivering done-for-you experiences, powered by AI and HI, creating a category. The second is accelerating money benefits by putting money at the center of everything it does for its consumers and businesses. And third, fueling mid-market success with a disruptive AI-native ERP platform.
The company’s board approved a quarterly dividend of $1.20 per share, payable April 17, 2026. This represents a 15% increase per share from the same period last year. In the second quarter of fiscal 2026, the company repurchased $961 million in stock. Given the current stock price and strong confidence in the momentum of its business, the company is continuing to meaningfully increase its share repurchases this year.
What INTU Expects for FY26?
Intuit reiterated its fiscal 2026 guidance, projecting revenues between $20.997 billion and $21.186 billion, indicating 12-13% growth. the non-GAAP EPS is expected between $22.98 and $23.18, suggesting a 14% to 15% rally.
Intuit expects Global Business Solutions revenues to grow 14-15% for fiscal 2026. Within the Consumer segment, the company forecasts 8-9% revenue growth, with TurboTax growth expected to be 8%, Credit Karma is projected to rise 10-13%, and ProTax is anticipated to increase between 2% and 3%.
The company continues to focus on improving go-to-market and product experience. It now expects Mailchimp to return to double-digit growth sometime beyond fiscal 2026.
What Concerns Us About INTU?
Intuit’s business is seasonal in nature and typically generates stronger sales during the second and third quarters, which are characterized by the U.S. tax season. As a result, the company is exposed to significant risks if the seasons fail to deliver expected operating performance. In the first and fourth quarters, the company incurs losses, as revenues from the tax business remain at their lowest point during these periods.
INTU’s Stock Price Performance
Over the past month, INTU shares have outperformed the Zacks Computer – Software industry, the S&P 500 composite, and peers, such as Commvault Systems, Inc. CVLT and Autodesk, Inc. ADSK. Commvault Systemsshares have lost 1.2%, while Autodesk shares have gained 7% over the same time frame.
Image Source: Zacks Investment Research
INTU’s Earnings Estimate Revision Trends Upward
The consensus estimate for Intuit’s fiscal 2026 sales calls for a year-over-year rise of 12.4%, while that for EPS suggests a 14.8% increase. EPS estimates have been trending upward by a cent to $23.14 per share over the past week.
Image Source: Zacks Investment Research
INTU Shares Trade at a Discount
In terms of forward 12-month price/sales (P/S), Intuit is trading at 5.73X, which is at a discount to the industry average of 7.15X.
Image Source: Zacks Investment Research
Final Take on INTU
Intuit remains one of the most compelling fintech platforms, with durable moats in tax, accounting and consumer finance. Its aggressive AI rollout, expanding mid-market presence and integrated consumer platform position it well for sustained growth. The company generates a solid cash flow, funds for buybacks and dividends, and has manageable debt.
Although business seasonality and macro risks temper the near-term upside, strong fundamentals, discounted valuation and rising earnings estimates create a clear buying opportunity.
Currently, Intuit carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Intuit Inc. (INTU) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

INTU Stock Rises 18.3% Post Q2 Earnings: Should You Buy or Sell?

The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.56%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.61%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.29%. March E-mini S&P futures (ESH26) fell -0.60%, and March E-mini Nasdaq futures (NQH26) fell -0.35%.
Stock indexes retreated on Thursday, with the Dow Jones Industrials falling to a 2.75-month low. Stocks were under pressure Thursday amid concerns about inflation, as oil prices surged amid mounting disruptions to energy markets from the war in Iran. WTI crude (CLJ26) soared more than +8% at a 19.5-month high, fueling inflation concerns and sending bond yields higher. However, crude prices fell by more than $3 a barrel from their high in late trading Thursday afternoon when US Secretary of the Interior Burgum said the government is considering emergency measures to stabilize crude prices. The 10-year T-note yield rose to a 3-week high on Thursday of 4.15%.
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Losses in stocks were contained amid underlying support from some of Thursday’s positive economic and corporate news. Weekly US jobless claims rose less than expected, and Q4 nonfarm productivity rose more than expected. Also, Broadcom rose by more than +5% after CEO Tan said the company expects AI chip sales to top $100 billion next year. In addition, strength in software stocks on Thursday limited losses in the broader market.
The US-Israeli war on Iran entered a sixth day on Thursday with Iran pledging to escalate its retaliation. Arab states across the Persian Gulf reported interceptions of Iranian missiles and drones overnight and into Thursday.
Crude prices continued to climb and posted a 19.5-month high Thursday as the Strait of Hormuz remains closed, halting most energy shipments from the Persian Gulf. Iran's Islamic Revolutionary Guard Corps has warned ships not to sail through the passageway, saying that vessels "could be at risk from missiles or rogue drones." The closure of the Strait of Hormuz, which handles a fifth of the world's oil, has curbed exports and forced Gulf producers to stockpile the crude locally in storage tanks. Iraq, OPEC's second-largest producer, shut down oil production at its largest oil fields in Rumalia as local storage tanks filled up. Also, Kayrros reported on Wednesday that four of six tanks at Saudi Arabia's Ras Tanura refinery were full, and the Ju'aymah terminal on the country's east coast is quickly running out of spare capacity. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.
In addition, damage from an intercepted Iranian drone caused a major fire on Tuesday at the United Arab Emirates' major oil-trading hub, Fujairah, one of the largest oil storage centers in the Middle East. European natural gas prices surged to a 3-year high on Tuesday after Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of the global liquefied natural gas supply. On Thursday, China told its largest refiner to suspend exports of diesel and gasoline due to the escalating conflict in the Persian Gulf, which will tighten global fuel supplies and push fuel prices even higher.
US Feb Challenger job cuts fell -71.9% y/y to 48,307.
US weekly initial unemployment claims were unchanged at 213,000, showing a slightly stronger labor market than expectations of 215,000.
Q4 nonfarm productivity rose +2.8%, better than expectations of +1.9%. Q4 unit labor costs rose by +2.8%, stronger than expectations of +2.0%.
Hawkish comments today from Richmond Fed President Tom Barkin were bearish for stocks when he said recent and expected data reflect "a couple months of relatively high inflation," which "certainly puts pause to any conclusion that we're done fighting this."
This week's market focus will be on US-Iran war news, corporate earnings, and economic news. On Friday, Feb nonfarm payrolls are expected to increase by +60,000, and the Feb unemployment rate is expected to remain unchanged at 4.3%. Also, Feb average hourly earnings are expected to increase by +0.3% m/m and +3.7% y/y. In addition, Feb retail sales are expected to fall -0.3% m/m and Feb retail sales ex-autos are expected to remain unchanged m/m.
Q4 earnings season is nearing its end, with more than 90% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 73% of the 481 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 4% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed down -1.50%. China’s Shanghai Composite closed up +0.64%. Japan’s Nikkei Stock 225 closed up +1.90%.
Interest Rates
June 10-year T-notes (ZNM6) on Thursday closed down by -16 ticks. The 10-year T-note yield rose by +3.5 bp to 4.131%. Jun T-notes fell to a 3-week low on Thursday, and the 10-year T-note yield rose to a 3-week high of 4.148%. Growing inflation fears are weighing on T-note prices after WTI crude oil rallied to a 19.5-month high Thursday, boosting inflation expectations, with the 10-year breakeven rate climbing to a 3-week high of 2.329%. Also, Thursday’s US economic reports, which showed weekly jobless claims rose less than expected, and Q4 unit labor costs rose more than expected, were hawkish for Fed policy and bearish for T-notes.
European government bond yields moved higher on Thursday. The 10-year German bund yield rose to a 3.5-week high of 2.854% and finished up +9.1 bp to 2.841%. The 10-year UK gilt yield climbed toa 3.5-week high of 4.558% and finished up +10.1 bp to 4.542%.
Eurozone Jan retail sales unexpectedly fell -0.1% m/m, weaker than expectations of +0.3% m/m
ECB Vice President Luis de Guindos said a prolonged conflict in the Middle East would risk pushing inflation expectations higher.
ECB Governing Council member and Bundesbank President Joachim Nagel said inflation is a bigger concern than economic growth as the ECB assesses the implications of the war in Iran.
Swaps are discounting a 5% chance of a -25 bp rate hike by the ECB at its next policy meeting on March 19.
US Stock Movers
Chipmakers and AI-infrastructure stocks were under pressure on Thursday, weighing on the broader market. Lam Research (LRCX) closed down more than -4%, and ARM Holdings Plc (ARM), Analog Devices (ADI), Applied Materials (AMAT), KLA Corp (KLAC), NXP Semiconductors NV (NXPI), Marvell Technology (MRVL), and Microchip Technology (MCHP) closed down more than -3%. Also, Seagate Technology Holdings Plc (STX), ASML Holding NV (ASML), and Texas Instruments (TXN) closed down more than -2%.
Airline stocks sold off on Thursday as crude oil prices soared more than +8% to a 19.5-month high, boosting jet fuel prices and potentially cutting into airlines’ profits. Alaska Air Group (ALK) closed down more than -9%, and Southwest Airlines (LUV) closed down more than -6%. Also,
American Airlines Group (AAL) and United Airlines Holdings (UAL) closed down more than -5%, and Delta Air Lines (DAL) closed down more than -3%.
Homebuilders moved lower on Thursday after the 10-year T-note yield jumped to a 3-week high, which boosts mortgage rates and is a negative factor for housing demand. Lennar (LEN), Toll Brothers (TOL), and KB Home (KBH) closed down more than -2%. Also, PulteGroup (PHM) and DR Horton (DHI) closed down more than -1%.
Software stocks rose on Thursday to limit losses in the broader market. Atlassian (TEAM) closed up more than +7%, and ServiceNow (NOW) and Intuit (INTU) closed up more than +5%. Also, Salesforce (CRM) closed up more than +4% to lead gainers in the Dow Jones Industrials, and Thomson Reuters (TRI) closed up more than +4%. In addition, Datadog (DDOG) and Adobe Systems (ADBE) closed up more than +3%, and Workday (WDAY) and Autodesk (ADSK) closed up more than +2%.
Online travel agencies rallied on Thursday after Mizuho Securities said a report that ChatGPT is pivoting away from on-platform shopping checkout, if true, would be a “waterloo moment for AI-disruption of e-commerce.” Expedia Group (EXPE) closed up more than +13%, and Booking Holdings (BKNG) closed up more than +8%. Also, DoorDash (DASH) closed up more than +3%, and TripAdvisor (TRIP) closed up more than +2%.
American Eagle Outfitters (AEO) closed down more than -13% after CFO Mathias said that most of the company’s profit will be generated in the second half of the year.
Stubhub Holdings (STUB) closed down more than -12% after reporting Q4 loss per share of -$1.56, a much bigger loss than the consensus of -$0.03, and forecasting 2026 gross merchandise sales of $9.9 billion to $10.1 billion, well below the consensus of $12.3 billion.
IREN Ltd (IREN) closed down more than -8% after filing for the possible offering of up to $6 billion shares of common stock.
McKesson Corp (MCK) closed down more than -4% after CFO Vitalone said he will retire on May 29.
Walmart (WMT) closed down more than -3% after Erste Group downgraded the stock to hold from buy.
BJ’s Wholesale Club Holdings (BJ) is down more than -2% after forecasting 2027 adjusted EPS of $4.40 to $4.60, below the consensus of $4.66.
Trade Desk (TTD) closed up more than +18% to lead gainers in the S&P 500 after The Information reported that the company held talks to help OpenAI sell ads.
Burlington Stores (BURL) closed up more than +7% after reporting Q4 adjusted EPS of $4.89, better than the consensus of $4.72, and forecasting 2027 adjusted EPS of $10.95 to $11.45, the midpoint above the consensus of $11.11.
Broadcom (AVGO) closed up more than +5% after CEO Tan said the company expects its AI chip sales to top $100 billion next year.
Astera Labs (ALAB) closed up more than +5% after Loop Capital Markets initiated coverage on the stock with a buy recommendation and a $250 price target.
Veeva Systems (VEEV) closed up more than +4% after reporting Q4 revenue of $836.0 million, better than the consensus of $810.4 million, and forecasting 2027 revenue of $3.59 billion to $3.60 billion, stronger than the consensus of $3.57 billion.
Fastenal (FAST) closed up more than +2% after reporting that its daily sales rate for February increased by 13%, well above Barclays’ estimate of 7.2%.
Earnings Reports(3/6/2026)
Aldeyra Therapeutics Inc (ALDX), America's Car-Mart Inc/TX (CRMT), ECB Bancorp Inc/MD (ECBK), Eve Holding Inc (EVEX), Foghorn Therapeutics Inc (FHTX), Genesco Inc (GCO), Greene County Bancorp Inc (GCBC), Kingstone Cos Inc (KINS), Mammoth Energy Services Inc (TUSK), National Beverage Corp (FIZZ), National Presto Industries Inc (NPK), NI Holdings Inc (NODK), Oruka Therapeutics Inc (ORKA), Prairie Operating Co (PROP), Silvercrest Asset Management Group (SAMG), Solid Biosciences Inc (SLDB), Tejon Ranch Co (TRC), Vox Royalty Corp (VOXR).
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 Finish Lower as War Rages in the Middle East

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Intuit Inc (Symbol: INTU), where a total of 32,692 contracts have traded so far, representing approximately 3.3 million underlying shares. That amounts to about 60.4% of INTU's average daily trading volume over the past month of 5.4 million shares. Especially high volume was seen for the $700 strike put option expiring March 20, 2026, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of INTU. Below is a chart showing INTU's trailing twelve month trading history, with the $700 strike highlighted in orange:
Amprius Technologies Inc (Symbol: AMPX) options are showing a volume of 43,434 contracts thus far today. That number of contracts represents approximately 4.3 million underlying shares, working out to a sizeable 58.9% of AMPX's average daily trading volume over the past month, of 7.4 million shares. Particularly high volume was seen for the $15 strike call option expiring March 20, 2026, with 6,003 contracts trading so far today, representing approximately 600,300 underlying shares of AMPX. Below is a chart showing AMPX's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Phathom Pharmaceuticals Inc (Symbol: PHAT) options are showing a volume of 6,006 contracts thus far today. That number of contracts represents approximately 600,600 underlying shares, working out to a sizeable 56.5% of PHAT's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $7.50 strike call option expiring January 21, 2028, with 3,002 contracts trading so far today, representing approximately 300,200 underlying shares of PHAT. Below is a chart showing PHAT's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
For the various different available expirations for INTU options, AMPX options, or PHAT options, visit StockOptionsChannel.com.
Also see:
VINC Average Annual Return
MNLO Videos
Brink's Historical Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Thursday Option Activity: INTU, AMPX, PHAT

The S&P 500 Index ($SPX) (SPY) today is down -0.67%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.36%. March E-mini S&P futures (ESH26) are down -0.70%, and March E-mini Nasdaq futures (NQH26) are down -0.45%.
Stock indexes are under pressure today amid concerns about inflation, as oil prices rose amid mounting disruptions to energy markets from the war in Iran. WTI crude (CLJ26) is up more than +6% at a 13.5-month high, fueling inflation concerns and sending bond yields higher. The 10-year T-note yield rose to a 3-week high today of 4.15%.
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Stocks have underlying support from some positive economic and corporate news. Weekly US jobless claims rose less than expected, and Q4 nonfarm productivity rose more than expected. Also, Broadcom is up by more than 5% after CEO Tan said the company expects AI chip sales to top $100 billion next year. In addition, strength in software stocks today is limiting losses in the broader market.
The US-Israeli war on Iran entered a sixth day with Iran pledging to escalate its retaliation. Arab states across the Persian Gulf reported interceptions of Iranian missiles and drones overnight and into today.
Crude prices continued to climb and posted a 13.5-month high today as the Strait of Hormuz remains closed, halting most energy shipments from the Persian Gulf. Iran's Islamic Revolutionary Guard Corps has warned ships not to sail through the passageway, saying that vessels "could be at risk from missiles or rogue drones." The closure of the Strait of Hormuz, which handles a fifth of the world's oil, has curbed exports and forced Gulf producers to stockpile the crude locally in storage tanks. Iraq, OPEC's second-largest producer, shut down oil production at its largest oil fields in Rumalia as local storage tanks filled up. Also, Kayrros reported on Wednesday that four of six tanks at Saudi Arabia's Ras Tanura refinery were full, and the Ju'aymah terminal on the country's east coast is quickly running out of spare capacity. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.
In addition, damage from an intercepted Iranian drone caused a major fire on Tuesday at the United Arab Emirates' major oil-trading hub, Fujairah, one of the largest oil storage centers in the Middle East. European natural gas prices surged to a 3-year high on Tuesday after Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of the global liquefied natural gas supply. China today told its largest refiner to suspend exports of diesel and gasoline due to the escalating conflict in the Persian Gulf, which will tighten global fuel supplies and push fuel prices even higher.
US Feb Challenger job cuts fell -71.9% y/y to 48,307.
US weekly initial unemployment claims were unchanged at 213,000, showing a slightly stronger labor market than expectations of 215,000.
Q4 nonfarm productivity rose +2.8%, better than expectations of +1.9%. Q4 unit labor costs rose by +2.8%, stronger than expectations of +2.0%.
Hawkish comments today from Richmond Fed President Tom Barkin were bearish for stocks when he said recent and expected data reflect "a couple months of relatively high inflation," which "certainly puts pause to any conclusion that we're done fighting this."
This week's market focus will be on US-Iran war news, corporate earnings, and economic news. On Friday, Feb nonfarm payrolls are expected to increase by +60,000, and the Feb unemployment rate is expected to remain unchanged at 4.3%. Also, Feb average hourly earnings are expected to increase by +0.3% m/m and +3.7% y/y. In addition, Feb retail sales are expected to fall -0.3% m/m and Feb retail sales ex-autos are expected to remain unchanged m/m.
Q4 earnings season is nearing its end, with more than 90% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 73% of the 481 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 4% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.94%. China’s Shanghai Composite closed up +0.64%. Japan’s Nikkei Stock 225 closed up +1.90%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -13 ticks. The 10-year T-note yield is up +3.5 bp to 4.131%. Jun T-notes fell to a 3-week low today, and the 10-year T-note yield rose to a 3-week high of 4.146%. Growing inflation fears are weighing on T-note prices after WTI crude oil rallied to a 13.5-month high today, boosting inflation expectations, with the 10-year breakeven rate climbing to a 2.5-week high of 2.318%. Also, today’s US economic reports, which showed weekly jobless claims rose less than expected, and Q4 unit labor costs rose more than expected, were hawkish for Fed policy and bearish for T-notes.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 3.5-week high of 2.840% and is up +8.9 bp to 2.839%. The 10-year UK gilt yield is up +8.5 bp to 4.525%.
Eurozone Jan retail sales unexpectedly fell -0.1% m/m, weaker than expectations of +0.3% m/m
ECB Vice President Luis de Guindos said a prolonged conflict in the Middle East would risk pushing inflation expectations higher.
ECB Governing Council member and Bundesbank President Joachim Nagel said inflation is a bigger concern than economic growth as the ECB assesses the implications of the war in Iran.
Swaps are discounting a 6% chance of a -25 bp rate hike by the ECB at its next policy meeting on March 19.
US Stock Movers
Chipmakers and AI-infrastructure stocks are under pressure today, weighing on the broader market. ARM Holdings Plc (ARM) is down more than -2%. Also, Applied Materials (AMAT), Lam Research (LRCX), Analog Devices (ADI), KLA Corp (KLAC), NXP Semiconductors NV (NXPI), and Texas Instruments (TXN) are down more than -1%.
Airline stocks are sliding today amid a surge in crude oil prices, which are up by more than 6% to a 13.5-month high, boosting jet fuel prices and potentially cutting into airlines’ profits. Alaska Air Group (ALK) is down more than -7%, and American Airlines Group (AAL), United Airlines Holdings (UAL), and Delta Air Lines (DAL) are down more than -5%. Also, Southwest Airlines (LUV) is down more than -4%.
Software stocks are climbing today to limit losses in the broader market. Atlassian (TEAM) and ServiceNow (NOW) are up more than+5%, and Intuit (INTU) and Thomson Reuters (TRI) are up more than +4%. Also, Salesforce (CRM) is up more than +3% to lead gainers in the Dow Jones Industrials, and Datadog (DDOG) and Workday (WDAY) are up more than +3%. In addition, Adobe Systems (ADBE) is up more than +2%, and Oracle (ORCL) and Autodesk (ADSK) are up more than +1%.
Online travel agencies are climbing today after Mizuho Securities said a report that ChatGPT is pivoting away from on-platform shopping checkout, if true, would be a “waterloo moment for AI-disruption of e-commerce.” Expedia Group (EXPE) is up more than +8%, and Booking Holdings (BKNG) is up more than +6%. Also, TripAdvisor (TRIP) is up more than +4%, and DoorDash (DASH) is up more than +3%.
American Eagle Outfitters (AEO) is down more than -12% after CFO Mathias said that most of the company’s profit will be generated in the second half of the year.
Stubhub Holdings (STUB) is down more than -11% after reporting Q4 loss per share of -$1.56, a much bigger loss than the consensus of -$0.03, and forecasting 2026 gross merchandise sales of $9.9 billion to $10.1 billion, well below the consensus of $12.3 billion.
IREN Ltd (IREN) is down more than -7% after filing for the possible offering of up to $6 billion shares of common stock.
McKesson Corp (MCK) is down more than -4% after CFO Vitalone said he will retire on May 29.
Walmart (WMT) is down more than -3% to lead losers in the Dow Jones Industrials and Nasdaq 100 after Erste Group downgraded the stock to hold from buy.
BJ’s Wholesale Club Holdings (BJ) is down more than -2% after forecasting 2027 adjusted EPS of $4.40 to $4.60, below the consensus of $4.66.
Trade Desk (TTD) is up more than +19% to lead gainers in the S&P 500 after The Information reported that the company held talks to help OpenAI sell ads.
Astera Labs (ALAB) is up more than +6% after Loop Capital Markets initiated coverage on the stock with a buy recommendation and a $250 price target.
Broadcom (AVGO) is up more than +5% after CEO Tan said the company expects its AI chip sales to top $100 billion next year.
Burlington Stores (BURL) is up more than +3% after reporting Q4 adjusted EPS of $4.89, better than the consensus of $4.72, and forecasting 2027 adjusted EPS of $10.95 to $11.45, the midpoint above the consensus of $11.11.
Veeva Systems (VEEV) is up more than +2% after reporting Q4 revenue of $836.0 million, better than the consensus of $810.4 million, and forecasting 2027 revenue of $3.59 billion to $3.60 billion, stronger than the consensus of $3.57 billion.
Fastenal (FAST) is up more than +1% after reporting that its daily sales rate for February increased by 13%, well above Barclays’ estimate of 7.2%.
Earnings Reports(3/5/2026)
BJ's Wholesale Club Holdings Inc (BJ), Burlington Stores Inc (BURL), Ciena Corp (CIEN), Cooper Cos Inc/The (COO), Costco Wholesale Corp (COST), Gap Inc/The (GAP), Guidewire Software Inc (GWRE), Kroger Co/The (KR), Marvell Technology Inc (MRVL), Samsara Inc (IOT), Toro Co/The (TTC).
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 Fall as Crude Oil Surge Stokes Inflation Fears

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra QQQ (Symbol: QLD) where we have detected an approximate $180.0 million dollar outflow -- that's a 1.8% decrease week over week (from 147,550,000 to 144,850,000). Among the largest underlying components of QLD, in trading today Shopify Inc (Symbol: SHOP) is up about 4.9%, Comcast Corp (Symbol: CMCSA) is up about 0.8%, and Intuit Inc (Symbol: INTU) is up by about 0.5%. For a complete list of holdings, visit the QLD Holdings page » The chart below shows the one year price performance of QLD, versus its 200 day moving average:
Looking at the chart above, QLD's low point in its 52 week range is $32.36 per share, with $76.665 as the 52 week high point — that compares with a last trade of $68.63. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
ESGV Videos
Top Ten Hedge Funds Holding LSE
SPTN YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

QLD, SHOP, CMCSA, INTU: ETF Outflow Alert

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.94%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.09%. March E-mini S&P futures (ESH26) fell -0.94%, and March E-mini Nasdaq futures (NQH26) fell -1.11%.
Stock indexes settled lower on Tuesday with the S&P 500 falling to a 3.25-month low, the Dow Jones Industrial Average dropping to a 2.75-month low, and the Nasdaq 100 sliding to a 3.5-month low.
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Global stock markets retreated, and crude oil prices and bond yields rose on Tuesday as the war in Iran entered its fourth day with no sign of de-escalation, bolstering fears of a prolonged disruption to energy markets and a surge in inflation.
However, crude oil prices fell back from their best levels on Tuesday, and stocks recovered from their worst levels, after President Trump said he ordered the US Development Finance Corporation "to provide, at a very reasonable price, political risk insurance and guarantees for the financial security of all maritime trade, especially energy, traveling through the Gulf." He also said, "If necessary, the US Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible."
WTI crude oil (CLJ26) rose more than +4% to an 8.5-month high after an adviser to Iran’s Islamic Revolutionary Guard Corps commander told state TV that “we will set fire to any ship attempting to pass through” the Strait of Hormuz, which runs along Iran's coast and handles a fifth of the world's oil. The closure of the Strait of Hormuz has forced Iraq, OPEC's second-largest producer, to shut down oil production at its largest oil fields in Rumalia as storage tanks fill up. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.
Also, falling debris from an intercepted Iranian drone caused a major fire at the United Arab Emirates' major oil-trading hub, Fujairah, one of the largest oil storage centers in the Middle East. European natural gas prices rose more than +22% on Tuesday to a 3-year high after Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of the global liquefied natural gas supply.
President Trump said Monday that combat operations against Iran could last for weeks until all objectives were completed. President Trump has called for Iran’s leaders to capitulate, but Iran’s security chief said that it has no intention of negotiating with the US.
Kansas City Fed President Jeff Schmid said, "Inflation has been above the Fed's objective for nearly five years now, so I don't think we have room to be complacent."
NY Fed President John Williams said additional Fed interest rate cuts will be warranted if inflation slows further once most of the impact of tariffs has passed.
This week's market focus will be on US-Iran war news, corporate earnings, and economic news. On Wednesday, the Feb ADP employment change is expected to increase by +50,000. Also, the Feb ISM services index is expected to slip by -0.3 to 53.5. In addition, the Fed releases its Beige Book. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 215,000. Also, Q4 nonfarm productivity is expected to be up +1.8%, and Q4 unit labor costs are expected to be up +2.0%. On Friday, Feb nonfarm payrolls are expected to increase by +60,000, and the Feb unemployment rate is expected to remain unchanged at 4.3%. Also, Feb average hourly earnings are expected to increase by +0.3% m/m and +3.7% y/y. In addition, Feb retail sales are expected to fall -0.3% m/m and Feb retail sales ex-autos are expected to remain unchanged m/m.
Q4 earnings season is nearing its end, with more than 90% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 73% of the 481 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 2% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets settled sharply lower on Tuesday. The Euro Stoxx 50 fell to a 2-month low and closed down -3.59%. China’s Shanghai Composite fell from a 10.5-year high and closed down -1.43%. Japan’s Nikkei Stock 225 dropped to a 3-week low and closed down -3.06%.
Interest Rates
June 10-year T-notes (ZNM6) on Tuesday closed down by -2 ticks. The 10-year T-note yield rose +1.9 bp to 4.054%. June T-notes tumbled to a 2-week low on Tuesday, and the 10-year T-note yield jumped to a 2-week high of 4.115%. Soaring energy prices on Tuesday sparked inflation concerns and weighed on T-note prices, with WTI crude oil up more than +4% to an 8.5-month high. The 10-year breakeven inflation rate rose to a 2-week high of 2.318% on Tuesday.
T-notes recovered from their worst levels after the stock sell-off prompted some safe-haven buying of government debt. Also, crude prices fell from early highs after President Trump said the US would provide insurance guarantees and naval escorts for oil tankers and other vessels through the Strait of Hormuz.
European government bond yields moved higher on Tuesday. The 10-year German bund yield rose to a 2.5-week high of 2.814% and finished up +4.0 bp to 2.752%. The 10-year UK gilt yield climbed to a 3-week high of 4.553% and finished up +9.7 bp to 4.471%.
The Eurozone Feb CPI rose +1.9% y/y, stronger than expectations of +1.7% y/y. Feb core CPI rose +2.4% y/y, stronger than expectations of +2.2% y/y.
Swaps are discounting a 0% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.
US Stock Movers
Chipmakers and AI-infrastructure stocks sold off on Tuesday, weighing on the broader market. Sandisk (SNDK) closed down more than -8% to lead losers in the S&P 500, and Micron Technology (MU) closed down more than -7% to lead losers in the Nasdaq 100. Also, Western Digital (WDC) closed down more than -7%, and KLA Corp (KLAC) closed down more than -6%. In addition, Applied Materials (AMAT), Lam Research (LRCX), Seagate Technology Holdings Plc (STX), and Intel (INTC) closed down more than -5%, and ASML Holding NV (ASML), NXP Semiconductors NV (NXPI), and Marvell Technology (MRVL) closed down more than -4%. Finally, Advanced Micro Devices (AMD), Analog Devices (ADI), and Texas Instruments (TXN) closed down more than -3%.
Mining stocks plunged on Tuesday as gold prices fell more than -3% and silver prices sank more than -6%. Hecla Mining (HL) closed down more than -11%, and Coeur Mining (CDE) and Anglogold Ashanti (AU) closed down more than -10%. Also, Barrick Mining (B) closed down more than -8%, Newmont Corp (NEM) closed down more than -7%, and Freeport McMoRan (FCX) closed down more than -3%
Cryptocurrency-exposed stocks slid on Tuesday as Bitcoin (^BTCUSD) fell more than -1%. MARA Holdings (MARA) closed down more than -8%, and Riot Platforms (RIOT) closed down more than -7%. Also, Galaxy Digital Holdings (GLXY) closed down more than -5%, Strategy (MSTR) closed down more than -3%, and Coinbase Global (COIN) closed down more than -1%.
Software stocks rallied on Tuesday to limit losses in the broader market. Workday (WDAY) closed up more than +7% to lead gainers in the S&P 500 and Nasdaq 100. Also, Thomson Reuters (TRI) closed up more than +5%, and Adobe Systems (ADBE) closed up more than -4%. In addition, ServiceNow (NOW) and Intuit (INTU) closed up more than +3%, and International Business Machines (IBM) closed up more than +2% to lead gainers in the Dow Jones Industrials. Finally, Autodesk (ADSK) closed up more than +2%, and Salesforce (CRM), Microsoft (MSFT), and Palantir Technologies (PLTR) closed up more than +1%.
MongoDB (MDB) closed down more than -22% after forecasting 2027 revenue of $2.86 billion to $2.90 billion, below the consensus of $2.90 billion.
Sea Lt. (SE) closed down more than -16% after reporting Q4 net income of$410.9 million, weaker than the consensus of $442 million.
Credo Technology Group Holding Ltd (CRDO) closed down more than -14% after forecasting Q4 revenue of $425 million to 435 million, the midpoint below the consensus of $430.5 million.
Surgery Partners (SGRY) closed down more than -12% after forecasting full-year revenue of $3.35 billion to $3.45 billion, well below the consensus of $3.56 billion.
ON Holding AG (ONON) closed down more than -6% after forecasting full-year net sales at constant currencies up +23%, below the consensus of +25.8%.
Pinterest (PINS) closed up more than +9% after authorizing a new $3.5 billion share repurchase program and announcing a $1 billion strategic investment from Elliot Investment Management.
Best Buy (BBY) closed up more than +7% after reporting Q4 adjusted EPS of $2.61, stronger than the consensus of $2.46.
Target (TGT) closed up more than +6% after forecasting full-year adjusted EPS of $7.50 to $8.50, the midpoint above the consensus of $7.61.
Akami Technologies (AKAM) closed up more than +4% after Streaming Media Blog reported that the company has notified customers of upcoming interim surcharges and pricing adjustments for contract renewals.
Earnings Reports(3/4/2026)
Bath & Body Works Inc (BBWI), Broadcom Inc (AVGO), Brown-Forman Corp (BF/B), Okta Inc (OKTA), Veeva Systems Inc (VEEV).
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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