Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. The company was incorporated in 1980 and is headquartered in Fremont, California.

Lam Research Corporation

CoStar Group CSGP is slated to report second-quarter 2025 earnings on July 22.
The company expects revenues to be between $770 million and $775 million, indicating year-over-year growth of 14% at the midpoint of the range.
The Zacks Consensus Estimate for revenues is currently pegged at $771.67 million, suggesting growth of 13.85% from the year-ago quarter’s levels. The consensus mark for earnings has remained unchanged at 14 cents per share in the past 30 days, suggesting a 6.67% decline from the figure reported in the year-ago quarter.
CoStar Group’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 37.41%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
CoStar Group, Inc. Price and EPS Surprise
Let’s see how things might have shaped up for CSGP prior to the announcement.
Factors to Note
CoStar Group’s second-quarter performance is likely to have benefited from a robust portfolio of marketplaces, including Apartments.com, LoopNet and Homes.com.
The growing momentum in Apartments.com, driven by increased traffic and higher advertising spending, is likely to have aided CoStar’s top-line growth in the to-be-reported quarter. CSGP has seen robust revenue growth across its major platform, Apartments.com, and expects 10% revenue growth for the second quarter of 2025.
Homes.com continued to gain traction, reaching 104 million average monthly unique visitors in the first quarter of 2025, according to Google Analytics. Also, Traffic to CoStar Group sites reached 130 million average monthly unique visitors during the quarter. This momentum is expected to have continued in the to-be-reported period.
The strengthening international segment and its highest net new bookings in nearly three years, driven by its revamped sales strategy focusing on broad subscription packages, are expected to have bolstered LoopNet’s performance in the to-be-reported quarter. LoopNet’s revenue growth rate is anticipated to be 7% in the second quarter.
However, challenging macroeconomic uncertainties and ongoing headwinds in the commercial real estate market are expected to have affected revenue growth. The Homes.com segment is also anticipated to have experienced low single-digit revenue growth in the second quarter of 2025 due to the impact of first-quarter cancellations.
Acquisitions Boost CSGP’s Q2 Prospects
CoStar Group’s growth trajectory is likely to have been fueled by its consistent acquisition strategy. Its acquisition of Matterport represents a move toward integrating Matterport’s 3D capture technology into CSGP’s real estate marketplaces, thereby enhancing CoStar’s offerings and capitalizing on the growing demand for virtual real estate experiences.
Matterport is expected to have contributed approximately $40 million to second-quarter revenues, with plans to integrate its technology into CoStar’s platforms, enhancing user engagement and reducing cancellations.
What Our Model Says
As per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
CoStar Group has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Lam Research LRCX, Sensata Technologies ST and Infosys INFY are some stocks with favorable combinations.
Lam Reasearch has an Earnings ESP of +1.87% and a Zacks Rank #2 at present. Lam Research is slated to report fourth-quarter fiscal 2025 results on July 30. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sensata Technologies has an Earnings ESP of +1.45% and a Zacks Rank #2 at present. Sensata Technologies is set to report second-quarter 2025 results on July 29.
Infosys has an Earnings ESP of +1.06% and a Zacks Rank #2 at present. Infosys is scheduled to report first-quarter fiscal 2026 results on July 23.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CoStar Group to Post Q2 Earnings: What's in Store for the Stock?

MSCI MSCI is set to report its second-quarter 2025 results on July 22, 2025.
The Zacks Consensus Estimate for earnings is currently pegged at $4.14 per share, which has increased a couple of pennies over the past 30 days. The figure indicates an increase of 13.74% from the bottom line reported in the year-ago quarter.
The consensus mark for revenues is pegged at $771.46 million, suggesting an increase of 8.97% from the year-ago quarter’s reported numbers.
MSCI’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 3.39%. (Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.)
MSCI Inc Price and EPS Surprise
Let’s see how things have shaped up for the upcoming announcement.
Factors Likely to Have Influenced Q2 Performance
MSCI’s second-quarter 2025 performance is expected to have benefited from its growing recurring revenues and global client base. The increasing integration of Climate and ESG solutions in the investment process is likely to have expanded its clientele in the to-be-reported quarter.
The partnership with Moody’s to deliver MSCI’s ESG and sustainability data to a wider range of institutional clients has shown early success. This is expected to have contributed to the ESG segment’s organic growth rate in the to-be-reported quarter, especially in Europe and Asia.
MSCI has been expanding its footprint among wealth managers, thanks to its specialized analytics tool, which is designed to address the needs of portfolio customization. This might have acted as a tailwind for the company.
MSCI is expected to have benefited from the closure of several large deals that were pushed from the first quarter to the second. These deals span multiple product lines, including index, analytics, and sustainability solutions, and are likely to have contributed meaningfully to MSCI’s revenue growth.
However, challenging macroeconomic conditions, along with muted demand for sustainability and climate solutions, particularly in the United States, and regulatory complexity in Europe are expected to have affected revenue growth in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the exact case here.
MSCI has an Earnings ESP of +0.06% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some other companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings this reporting cycle:
Lam Research LRCX, Sensata Technologies ST and Infosys INFY are some stocks with favorable combinations.
Lam Reasearch has an Earnings ESP of +1.87% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Lam Research is slated to report fourth-quarter fiscal 2025 results on July 30.
Sensata Technologies has an Earnings ESP of +1.45% and a Zacks Rank #2 at present. Sensata Technologies is set to report second-quarter 2025 results on July 29.
Infosys has an Earnings ESP of +1.06% and a Zacks Rank #2 at present. Infosys is scheduled to report first-quarter fiscal 2026 results on July 23.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

MSCI Gears Up to Report Q2 Earnings: What's in Store for the Stock?

The S&P 500 Index ($SPX) (SPY) today is down -0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.30%. September E-mini S&P futures (ESU25) are down -0.03%, and September E-mini Nasdaq futures (NQU25) are down -0.26%.
Stocks are seeing support today from the favorable PPI report and positive earnings results from several top Wall Street banks. However, the Nasdaq 100 index is being undercut by weakness in chip stocks, which fell after disappointing guidance from ASML.
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Stocks also saw some weakness after CBS today reported that President Trump asked a group of House Republicans on Tuesday whether he should fire Fed Chair Powell. Several of those lawmakers said Mr. Trump indicated he would go ahead with the firing. However, CBS also quoted sources inside the White House as saying that the White House has not yet built a legal predicate for firing Mr. Powell, which can only be done for cause. In any case, Mr. Trump is continuing to pressure Mr. Powell to voluntarily resign.
Today's June PPI report was favorable, as both the month-over-month and year-over-year figures were better than expected, suggesting that tariff inflation has not yet hit the producer level. The PPI report sparked some inflation optimism after Tuesday's mixed CPI report.
Specifically, the June final-demand PPI was unchanged m/m and +2.3% y/y, which was weaker than expectations of +0.2% m/m and +2.5% y/y. The June core PPI report of unchanged m/m and +2.6% y/y was weaker than expectations of +0.2% m/m and +2.6% y/y. The year-over-year figures of +2.3% (nominal) and +2.6% y/y (core) were down from the revised May figures of +2.7% and +3.2%, respectively.
Today's June US industrial production report of +0.3% m/m was slightly stronger than market expectations of +0.1%, and May was revised higher to unchanged from -0.2%. The June US manufacturing production report of +0.1% m/m was slightly stronger than expectations of unchanged.
The July New York Fed services business activity index rose to -9.3 from -13.2 in June.
The Fed's July Beige Book report will be released later today.
Expectations for Fed policy were little changed after today's economic reports, but the reports about a possible Powell firing slightly boosted the chances for a rate cut. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 5% at the July 29-30 FOMC meeting (versus 3% Tuesday) and 64% at the following meeting on Sep 16-17 (versus 58% Tuesday).
Bitcoin (^BTSUSD) is up +2.3% today, overcoming part of Tuesday's -3.3% decline, after President Trump cajoled right-wing House Republicans later yesterday to vote in favor of the crypto legislation supported by the White House and the crypto industry. President Trump said he expects the House to pass the GENIUS Act stablecoin bill today. Those Republicans yesterday blocked the legislation by voting against a procedural motion.
Bitcoin has rallied sharply in the past several weeks, driven by hopes for favorable crypto regulation from Washington. The US House Committee on Ways and Means plans to hold an oversight subcommittee hearing today entitled "Making America the Crypto Capital of the World," which is expected to promote crypto-friendly regulations.
Recent trade and tariff news has been mixed. There was some positive trade news Tuesday after Treasury Secretary Bessent said that US-China trade talks are in a "very good place" and told market participants "not to worry about August 12," the deadline for US-China trade talks. There was also some positive trade news on Tuesday after President Trump announced that his administration had reached a trade deal with Indonesia.
However, stocks were undercut by negative trade news that emerged last week and during this past weekend. Over the weekend, President Trump announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. Mr. Trump said last Thursday that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. Last week, Mr. Trump imposed a 50% tariff on copper imports, which will include semi-finished goods, and stated that drug companies could face tariffs as high as 200% on imports if they don't relocate production to the US within the next year.
The markets will focus on any fresh news regarding tariffs or trade deals during the remainder of this week. On Thursday, June retail sales are expected to climb by +0.1% m/m and +0.3% ex-autos, and weekly initial unemployment claims are expected to climb by +7,000 to 234,000. Also, on Thursday, the July Philadelphia Fed business outlook survey is expected to climb +3.0 points to -1.0, and the July NAHB housing market index is expected to rise +1 to 33. On Friday, June housing starts are expected to climb +3.3% m/m to 1.298 million, and June building permits are expected to slip -0.6% m/m to 1.386 million. Also, the University of Michigan's US July consumer sentiment index is expected to climb +0.8 to 61.5.
Earnings season began in earnest this week with a focus on big bank earnings results. Key reports on Thursday include PepsiCorp, Abbott, US Bancorp, Fifth Third, and GE. Key reports on Friday include Schwab and American Express.
The consensus is for S&P 500 companies to show Q2 earnings growth of +2.8% y/y, the smallest increase in two years, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets today are lower. The Euro Stoxx 50 is down -0.62%. China's Shanghai Composite closed down -0.03%. Japan's Nikkei Stock 225 closed down -0.04%.
Interest Rates
September 10-year T-notes (ZNU25) are up +9 ticks. The 10-year T-note yield is down -1.6 bp at 4.465%. Bullish factors today include the favorable PPI report and today's -0.4 bp decline in the 10-year inflation expectations rate to 2.410%. Bearish factors include today's slightly stronger-than-expected US industrial production report.
The short-end of the Treasury curve saw support from the slightly increased chances for a Fed rate cut on today's heightened news that President Trump may soon fire Fed Chair Powell. However, the long-end of the Treasury curve would view that as a bearish development due to the inflation risks of a politically-motivated central bank.
European government bond yields are mixed. The 10-year German bund yield is down -1.9 bp at 2.693%. The 10-year UK gilt yield is up +3.1 bp at 4.656%.
Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
The Magnificent Seven stocks are mixed today, with three gainers and four losers. The largest movers are Tesla (TSLA), with a gain of more than +2%, and Amazon (AMZN), with a loss of more than -1%.
Wall Street firms today reported positive results that boosted the stocks in pre-market trading, although those stocks are now trading lower.
Goldman Sachs (GS) was up more than +1% in pre-market trading but then faded and is now trading -0.6% lower. Goldman reported a Wall Street record of $4.3 billion of equity-trading revenue. Also, management fees in asset and wealth management rose +11% y/y.
Bank of America (BAC) is down more than -2% despite reporting that its trading division posted a record quarter and that net interest income was better than expected.
Morgan Stanley (MS) is down more than -3% despite reporting strong equity-trading income and boosting net new assets in its wealth management division.
ASML (ASML) is down more than -10% after issuing cautious guidance for next year. The report dampened enthusiasm for the chip sector, which turned lower today after yesterday's rally on optimism about the Trump administration's move to loosen some chip sale restrictions to China. Marvell Technology (MRVL) and Applied Materials (AMAT) are down more than -4%. Micron Technology (MU), Lam Research (LRCX), and KLA Corp (KLAC) are down more than -3%.
Cryptocurrency-exposed stocks are trading higher today after President Trump yesterday apparently convinced right-wing House members to vote in favor of the stablecoin legislation currently before the House. Bitcoin (^BTCUSD) today is up +2.3% after Tuesday's -3.3% decline. Mara Holdings (MARA) and Riot Platforms (RIOT) are up more than +5%, and Coinbase (COIN) is up more than +3%.
Johnson & Johnson (JNJ) is up more than +5% after raising its full-year sales guidance for the year and reporting better-than-expected Q2 earnings and revenue.
Earnings Reports (7/16/2025)
Prologis Inc (PLD), Progressive Corp/The (PGR), M&T Bank Corp (MTB), PNC Financial Services Group I (PNC), Bank of America Corp (BAC), Johnson & Johnson (JNJ), Goldman Sachs Group Inc/The (GS), Morgan Stanley (MS), United Airlines Holdings Inc (UAL), Kinder Morgan Inc (KMI).
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 Pressured by Chip-Stock Sell-off and Increased Talk about Powell Firing

Key Points
Lam Research rival ASML had bad news for investors today.
Q2 earnings growth was weak, and ASML says it might not grow at all in 2026.
If the same holds true for Lam Research, the stock's expensive price could suffer.
Dutch semiconductor equipment manufacturer ASML (NASDAQ: ASML) warned investors that its sales might not grow at all in 2026, and the bad news isn't just crashing ASML stock -- it's taking down rival semi equipment maker Lam Research (NASDAQ: LRCX) as well.
As of 11:40 a.m. ET, ASML stock is down 11%, but Lam stock is down, too, by 3.6%.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Revolution interrupted?
The artificial intelligence (AI) revolution is supposed to be great news for semiconductor stocks -- both sellers of chips like Nvidia, and sellers of the machines that make the chips, like ASML and Lam. However, in its just-released Q2 report, ASML had to admit its earnings grew only 1.7% year over year, and its sales inched only 0.6% higher.
Worse, 5.5 billion euros in "net bookings" for the quarter weren't anywhere near what's needed to replace sales going out the door -- only 71% of quarterly sales, which implies a slowdown in business.
This suggests that demand for AI chips may be less insatiable than investors had been hoping for. That or Trump-inspired restrictions on selling chip-making machinery to China are taking a big toll on sales. Either way, it's bad news for ASML, and probably for Lam Research as well.
Is Lam Research stock a sell?
Priced at 27.5 times its $4.7 billion in trailing earnings, Lam Research stock isn't set up for a letdown in semiconductor sales growth. Worse, when valued on free cash flow (which is weaker than its reported earnings), Lam stock costs closer to 34x FCF.
That's expensive already, based on analyst forecasts that Lam's earnings might grow less than 17% annually over the next five years. If Lam, like ASML, fails to grow at all next year, it might be time to sell.
Should you invest $1,000 in Lam Research right now?
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML, Lam Research, and Nvidia. 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.

Why Lam Research Stock Dropped on Wednesday

The S&P 500 Index ($SPX) (SPY) today is up +0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.14%. September E-mini S&P futures (ESU25) are up +0.15%, and September E-mini Nasdaq futures (NQU25) is down -0.03%.
Stocks are seeing support today from the favorable PPI report and positive earnings results from several top Wall Street banks. The Nasdaq 100 index is being held back by weakness in chip stocks after disappointing guidance from ASML.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Today's June PPI report was favorable, as both the month-over-month and year-over-year figures were better than expected, suggesting that tariff inflation has not yet hit at the producer level. The PPI report sparked some inflation optimism after Tuesday's mixed CPI report.
Specifically, the June final-demand PPI was unchanged m/m and +2.3% y/y, which was weaker than expectations of +0.2% m/m and +2.5% y/y. The June core PPI report of unchanged m/m and +2.6% y/y was weaker than expectations of +0.2% m/m and +2.6% y/y. The year-over-year figures of +2.3% (nominal) and +2.6% y/y (core) were down from the revised May figures of +2.7% and +3.2%, respectively.
Today's June US industrial production report of +0.3% m/m was slightly stronger than market expectations of +0.1%, and May was revised higher to unchanged from -0.2%. The June US manufacturing production report of +0.1% m/m was slightly stronger than expectations of unchanged.
The July New York Fed services business activity index rose to -9.3 from -13.2 in June.
The Fed's July Beige Book report will be released later today.
Expectations for Fed policy were little changed after today's economic reports. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 58% at the following meeting on Sep 16-17.
The price of Bitcoin (^BTSUSD) is up +1.7% today, overcoming part of Tuesday's -3.3% decline, after President Trump cajoled right-wing House Republicans later yesterday to vote in favor of the crypto legislation supported by the White House and the crypto industry. President Trump said he expects the House to pass the GENIUS Act stablecoin bill today. Those Republicans yesterday helped block the legislation by voting against a procedural motion.
Bitcoin has rallied sharply in the past several weeks, driven by hopes for favorable crypto regulation from Washington. The US House Committee on Ways and Means plans to hold an oversight subcommittee hearing today entitled "Making America the Crypto Capital of the World," which is expected to promote crypto-friendly regulations.
Recent trade and tariff news has been mixed. There was some positive trade news Tuesday after Treasury Secretary Bessent said that US-China trade talks are in a "very good place" and told market participants "not to worry about August 12," the deadline for US-China trade talks. There was also some positive trade news Tuesday after President Trump announced that his administration had reached a trade deal with Indonesia.
However, stocks were undercut by negative trade news that emerged last week and during this past weekend. Over the weekend, President Trump announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. Mr. Trump said last Thursday that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. Last week, Mr. Trump imposed a 50% tariff on copper imports, which will include semi-finished goods, and stated that drug companies could face tariffs as high as 200% on imports if they don't relocate production to the US within the next year.
The markets will focus on any fresh news regarding tariffs or trade deals during the remainder of this week. On Thursday, June retail sales are expected to climb by +0.1% m/m and +0.3% ex-autos, and weekly initial unemployment claims are expected to climb by +7,000 to 234,000. Also, on Thursday, the July Philadelphia Fed business outlook survey is expected to climb +3.0 points to -1.0, and the July NAHB housing market index is expected to rise +1 to 33. On Friday, June housing starts are expected to climb +3.3% m/m to 1.298 million, and June building permits are expected to slip -0.6% m/m to 1.386 million. Also, the University of Michigan's US July consumer sentiment index is expected to climb +0.8 to 61.5.
Earnings season began in earnest this week with a focus on big bank earnings results. Key reports on Thursday include PepsiCorp, Abbott, US Bancorp, GE Fifth Third, and GE. Key reports on Friday include Schwab and American Express.
The consensus is for the S&P 500 companies to show Q2 earnings growth of +2.8% y/y, the smallest increase in two years, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets today are slightly lower. The Euro Stoxx 50 is down -0.26%. China's Shanghai Composite closed down -0.03%. Japan's Nikkei Stock 225 closed down -0.04%.
Interest Rates
September 10-year T-notes (ZNU25) are up +6.5 ticks. The 10-year T-note yield is down -3.0 bp at 4.451%. T-note prices saw support from the favorable PPI report, although the PPI report did not accelerate expectations for a Fed rate cut. T-note prices are also seeing support from today's decline in the 10-year breakeven inflation expectations rate by -1.7 bp to 2.397%. On the bearish side, today's US industrial production report was slightly stronger than market expectations.
European government bond yields are mixed. The 10-year German bund yield is down -1.3 bp at 2.699%. The 10-year UK gilt yield is up +1.1 bp at 4.636%.
Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
The Magnificent Seven stocks are mixed today, with four gainers and three losers. The largest mover is Tesla (TSLA), with a gain of more than +2%.
Wall Street firms today reported positive results that boosted the stocks in pre-market trading, although those stocks are now trading lower.
Goldman Sachs (GS) was up more than +1% in pre-market trading but then faded and is now trading mildly lower. Goldman reported a Wall Street record of $4.3 billion of equity-trading revenue and that management fees in asset and wealth management rose +11% y/y.
Bank of America (BAC) is down -0.3% despite reporting that its trading division posted a record quarter and that net interest income was better than expected.
Morgan Stanley (MS) is down more than -2% despite reporting record equity-trading income and boosting net new assets in its wealth management division.
ASML (ASLM) is down more than -10% after issuing cautious guidance for next year. The report dampened enthusiasm for the chip sector, which turned lower today after yesterday's rally on optimism about the Trump administration's move to loosen some chip sale restrictions to China. Marvell Technology (MRVL) is down more than -5%, and Lam Research (LRCX) is down more than -3%.
Cryptocurrency-exposed stocks are trading higher today after President Trump later yesterday apparently convinced right-wing House members to vote in favor of the stablecoin legislation currently before the House. Bitcoin (^BTCUSD) today is up +2.2% after Tuesday's -3.3% decline. Mara Holdings (MARA) is up more than +4%, Riot Platforms (RIOT) is up more than +3%, and Coinbase (COIN) is up more than +2%.
Johnson & Johnson (JNJ) is up more than +4% after raising its full-year sales guidance for the year and reporting better-than-expected Q2 earnings and revenue.
Earnings Reports (7/16/2025)
Prologis Inc (PLD), Progressive Corp/The (PGR), M&T Bank Corp (MTB), PNC Financial Services Group I (PNC), Bank of America Corp (BAC), Johnson & Johnson (JNJ), Goldman Sachs Group Inc/The (GS), Morgan Stanley (MS), United Airlines Holdings Inc (UAL), Kinder Morgan Inc (KMI).
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 See Support from Favorable PPI Report

Applied Materials AMAT shares have climbed 14.4% in a month, outperforming the Zacks Electronics - Semiconductors industry’s return of 6.2%. This outperformance raises the question: Should investors accumulate AMAT shares or book profits and exit the investment?
Applied Materials One Month Price Performance Chart
Image Source: Zacks Investment Research
AMAT Benefits From Growing Adoption of Its Products
Applied Materials is experiencing strong traction in its etching, deposition, metrology and inspection tools. AMAT’s Sym3 Magnum etch system, Cold Field Emission eBeam technology, gate-all-around, backside power delivery, and 3D DRAM technology nodes are gaining traction as they play crucial roles in the manufacturing and inspection of high-performance processing and memory chips used for AI and HPC workloads.
AMAT’s Sym3 Magnum etch system has yielded more than $1.2 billion in revenues since its launch in February 2024. Moreover, in the second quarter of fiscal 2025, AMAT’s management anticipated AMAT's revenues from DRAM customers to grow more than 40% in fiscal 2025. Earlier, Applied Materials reported that its revenues from advanced semiconductor nodes crossed $2.5 billion in 2024, and it expected the figure to double in fiscal 2025 as customers’ adoption of its GAA and backside power delivery solutions grows.
Applied Materials stands to gain from the rising demand for advanced chips required to power AI-centric data centers. The company's deep expertise in logic and solid position in DRAM patterning have aided it in maintaining a stronghold in the semiconductor space. Its patterning systems and technologies, which are designed to address the shrinking pattern dimension challenges and the growing complexity in vertical stacking, can play a crucial role in high-performance chip development for AI.
Due to the favorable mix of products and traction in high-margin solutions, Applied Materials’ gross margin has been experiencing positive momentum for the past four quarters and came in at 49.2% in the second quarter of fiscal 2025, which is also the highest gross margin since the fourth quarter of fiscal 2000.
Broad Portfolio Gives AMAT a Competitive Edge
The semiconductor equipment market in which AMAT operates has other larger players, including Lam Research LRCX, ASML Holding ASML and KLA Corporation KLAC. However, AMAT differentiates from its competitors by providing comprehensive deposition, etch, metrology, and packaging solutions, whereas its competitors specialize only in one vertical or the other. AMAT also commands a strong integration of materials science and fabrication; the others don't.
For instance, ASML Holding specializes in the photolithography and advanced manufacturing equipment segment. KLA Corporation is a dominant competitor in the wafer inspection space and Lam Research has a strong atomic layer deposition portfolio. AMAT stands out because of its full-stack portfolio, strength in materials engineering, and ability to co-optimize across fabrication steps.
This is the reason why, despite having competition from Lam Research, KLA Corporation and ASML Holdings, Applied Materials is able to keep its margins intact as it’s not just a tools vendor. Applied Materials offers end-to-end solutions that improve chip yield, power, performance, and cost. The Zacks Consensus Estimate for AMAT’s earnings per share is pegged at $9.47, indicating year-over-year growth of 9.5%.
Image Source: Zacks Investment Research
Applied Materials is trading at a 12-month forward P/S ratio of 5.34, significantly below the industry average of 6.64. Given its dominance in semiconductor equipment and AI-driven chip manufacturing, this valuation discount suggests strong upside potential over the long term.
AMAT Forward 12 Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
Conclusion: Buy AMAT Stock Now
Applied Materials remains a key player in semiconductor manufacturing, with a strong position in AI-driven chip development, advanced packaging and next-generation process technology. For investors, investing in AMAT stock remains the best approach. Currently, Applied Materials 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Applied Materials Soars 14% in a Month: Time to Buy or Hold the Stock?

In early trading on Wednesday, shares of Global Payments topped the list of the day's best performing components of the S&P 500 index, trading up 4.4%. Year to date, Global Payments has lost about 27.7% of its value.
And the worst performing S&P 500 component thus far on the day is Lam Research, trading down 4.1%. Lam Research is showing a gain of 34.2% looking at the year to date performance.
Two other components making moves today are Applied Materials, trading down 3.8%, and Johnson & Johnson, trading up 4.3% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 Movers: LRCX, GPN

Below is Validea's guru fundamental report for LAM RESEARCH CORPORATION (LRCX). Of the 22 guru strategies we follow, LRCX rates highest using our Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
LAM RESEARCH CORPORATION (LRCX) is a large-cap growth stock in the Semiconductors industry. The rating using this strategy is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of LAM RESEARCH CORPORATION
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About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

LRCX Quantitative Stock Analysis - Warren Buffett

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.33%. September E-mini S&P futures (ESU25) are up +0.14%, and September E-mini Nasdaq futures (NQU25) are up +0.30%.
Stock indexes on Monday recovered from early losses and settled higher. Short covering emerged in stocks Monday on comments from President Trump, who said he is open to more trade negotiations, including with the European Union.
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Stocks initially moved lower on Monday after President Trump ramped up tariff threats against US trading partners. Over the weekend, President Trump said the US will impose 30% tariffs on US imports from the European Union and Mexico, beginning August 1. That was a follow-up to President Trump’s announcement last Thursday that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%.
Stocks have been undercut as President Trump vowed to push forward with his aggressive tariff regime, stressing he would not offer additional extensions on country-specific tariffs set to take effect on August 1. Last week, Mr. Trump imposed a 50% tariff on copper imports that will include semi-finished goods and said that drug companies could face tariffs as high as 200% on imports if they don’t relocate production to the US within the next year. In addition, despite stating that the US was close to a trade deal with India, Mr. Trump said he would still impose a 10% tariff on India’s goods for their participation in BRICS, a group of developing nations he claimed were “set up to hurt” the US.
Hawkish comments Monday from Cleveland Fed President Beth Hammack weighed on stocks and bonds when she said she wants to see inflation lowered further before she’d support cutting interest rates. She said, “We’re not there yet on the inflation side of the Fed’s mandate, and I think it’s important that we wait and see how all the new policies that have been put forward are going to impact inflation.”
Monday’s trade news from China was better than expected, a positive factor for global economic growth and stocks. China June exports rose +5.8% y/y, stronger than expectations of +5.0% y/y. Also, June imports rose +1.1% y/y, stronger than expectations of +0.3% y/y.
The price of Bitcoin (^BTSUSD) continues to soar and rose by more than +1% Monday to a new record high as the US House prepares to consider legislation this week that would advance President Trump’s crypto-friendly agenda. The US House Committee on Financial Services said this week will be “Crypto Week.” The US House Committee on Ways and Means has planned an oversight subcommittee hearing on July 16 entitled, “Making America the Crypto Capital of the World,” which may lead to more crypto-friendly regulations.
The markets this week will focus on any fresh news on tariffs or trade deals. On Tuesday, the US June CPI is expected to strengthen to +1.9% y/y from +1.7% y/y in May, and the June core CPI is expected to strengthen to +2.9% y/y from +2.8% y/y in May. On Wednesday, June PPI final demand is expected to ease to +2.5% y/y from +2.6% in May, and June core PPI is expected to ease to +2.7% y/y from +3.0% y/y in May. Also, on Wednesday, June manufacturing production is expected to fall by -0.1% m/m. Finally, on Wednesday, the Fed will release its Beige Book. On Thursday, June retail sales are expected to climb by +0.1% m/m and +0.3% ex-autos, and weekly initial unemployment claims are expected to climb by +7,000 to 234,000. Also, on Thursday, the July Philadelphia Fed business outlook survey is expected to climb +3.0 points to -1.0, and the July NAHB housing market index is expected to rise +1 to 33. On Friday, June housing starts are expected to climb +3.3% m/m to 1.298 million, and June building permits are expected to slip -0.6% m/m to 1.386 million. Also, the University of Michigan’s US July consumer sentiment index is expected to climb +0.8 to 61.5.
Another hurdle for stocks is the upcoming earnings season, which begins in earnest this week with the release of big bank earnings results. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Federal funds futures prices are discounting the chances at 5% for a -25 bp rate cut at the July 29-30 FOMC meeting.
Overseas stock markets on Monday settled mixed. The Euro Stoxx 50 closed down -0.23%. China’s Shanghai Composite closed up +0.27%. Japan’s Nikkei Stock 225 closed down -0.28%.
Interest Rates
September 10-year T-notes (ZNU25) Monday closed up by +1.5 ticks. The 10-year T-note yield rose by +1.6 bp to 4.425%. T-note prices on Monday recovered from early losses and settled little changed after a -2% plunge in WTI crude oil prices sparked short-covering in T-notes.
T-notes initially moved lower Monday, with Sep T-notes posting a 3-week low, and the 10-year T-note yield climbing to a 3.5-week high of 4.443%. T-notes came under pressure after President Trump said over the weekend that the US will impose 30% tariffs on goods from the European Union and Mexico, beginning August 1, which could boost inflation and prevent the Fed from cutting interest rates. Rising US inflation expectations also weighed on T-notes as the 10-year breakeven inflation rate rose to a 3.5-month high Monday of 2.405%.
T-note prices were also undercut by hawkish comments from Cleveland Fed President Beth Hammack, who said she wants to see inflation lowered further before she’d support cutting interest rates. Finally, negative carryover from a slide in 10-year German bunds to a 3.5-month low on Monday was bearish for T-notes.
European government bond yields on Monday were mixed. The 10-year German bund yield rose to a 3.5-month high of 2.739% and finished up +0.4 bp at 2.729%. The 10-year UK gilt yield fell -2.2 bp to 4.600%.
Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
The weakness in semiconductor chip stocks limited gains in the broader market. Micron Technology (MU) closed down more than -4% to lead losers in the Nasdaq 100. Also, GlobalFoundries (GFS), Lam Research (LRCX), and Qualcomm (QCOM) closed down more than -2%. In addition, ARM Holdings Plc (ARM), NXP Semiconductors NV (NXPI), and ON Semiconductor Corp (ON) closed down more than -1%.
Energy producers and energy service providers are sliding today after WTI crude prices tumbled more than -2%. Haliburton (HAL) closed down more than -4% and APA Corp (APA) closed down more than -3%. Also, Occidental Petroleum (OXY), Schlumberger (SLB), Marathon Petroleum (MPC), Baker Hughes (BKR), Phillips 66 (PSX), and Valero Energy (VLO) closed down more than -2%. In addition, Chevron (CVX) closed down more than -2% to lead losers in the Dow Jones Industrials.
Cryptocurrency-exposed stocks moved higher after the price of Bitcoin (^BTCUSD) rose more than +1% to a new record high. MicroStrategy (MSTR) closed up more than +3%, Coinbase Global (COIN) closed up more than +1%, and Riot Platforms (RIOT) closed up nearly 1%.
Nebius Group NV (NBIS) closed up more than +17% after Goldman Sachs initiated coverage of the stock with a recommendation of buy and a price target of $68.
AppLovin (APP) closed up more than +5% to lead gainers in the Nasdaq 100 after Citigroup said the stock remains a “Top Pick” and it expects the 2025 results to fall at the high end of the company’s revenue and adjusted Ebitda forecasts.
Autodesk (ADSK) closed up more than +5% after it said it is allocating its capital to organic investment, targeted and tuck-in acquisitions, and continuing its share repurchase program as its free cash flow grows.
Fastenal (FAST) closed up more than +4% after reporting Q2 net sales of $2.08 billion, better than the consensus of $2.07 billion.
Gen Digital (GEN) closed up more than +1% after B Riley Securities initiated coverage on the stock with a recommendation of buy and a price target of $46.
Visteon Corp (VC) closed up more than +3% after UBS upgraded the stock to buy from neutral with a price target of $142.
Boeing (BA) closed up by more than +1% to lead gainers in the Dow Jones Industrials after investigators, in a preliminary report on last month’s Air India crash, said there was no evidence found that would require them to take action over the aircraft or its engines.
Waters (WAT) closed down more than -13% to lead losers in the S&P 500 after the company said it will combine a Reverse Morris Trust transaction valued at about $17.5 billion with Becton’s Biosciences & Diagnostic Solutions, in which Waters will assume about $4 billion of incremental debt.
Procter & Gamble (PG) closed down more than -2% after Evercore ISI downgraded the stock to in line from outperform.
Best Buy (BBY) closed down more than -1% after Piper Sandler downgraded the stock to neutral from overweight.
Starbucks (SBUX) closed down more than -1% after Melius Research LLC initiated coverage on the stock with a recommendation of sell and a price target of $80.
Intapp (INTA) closed down more than -1% after Barclays downgraded the stock to underweight from equal weight with a price target of $44.
Earnings Reports (7/15/2025)
Albertsons Cos Inc (ACI), Bank of New York Mellon Corp/The (BK), Blackrock Inc (BLK), Citigroup Inc (C), JB Hunt Transport Services Inc (JBHT), JPMorgan Chase & Co (JPM), Omnicom Group Inc (OMC), Pinnacle Financial Partners In (PNFP), State Street Corp (STT), Sun Communities Inc (SUI), Wells Fargo & Co (WFC).
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 Rebound as Trump Says He’s Open to Trade Talks

The S&P 500 Index ($SPX) (SPY) today is up +0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.43%. September E-mini S&P futures (ESU25) are up +0.17%, and September E-mini Nasdaq futures (NQU25) are up +0.42%.
Stock indexes today are off their lows of the session after President Trump ramped up tariff threats against US trading partners. Over the weekend, President Trump said the US will impose 30% tariffs on US imports from the European Union and Mexico, beginning August 1. That was a follow-up to President Trump’s announcement last Thursday that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks have been undercut as President Trump vowed to push forward with his aggressive tariff regime, stressing he would not offer additional extensions on country-specific tariffs set to take effect on August 1. Last week, Mr. Trump imposed a 50% tariff on copper imports that will include semi-finished goods and said that drug companies could face tariffs as high as 200% on imports if they don't relocate production to the US within the next year. In addition, despite stating that the US was close to a trade deal with India, Mr. Trump said he would still impose a 10% tariff on India's goods for their participation in BRICS, a group of developing nations he claimed were "set up to hurt" the US.
Hawkish comments today from Cleveland Fed President Beth Hammack weighed on stocks and bonds when she said she wants to see inflation lowered further before she'd support cutting interest rates. She said, "We're not there yet on the inflation side of the Fed's mandate, and I think it's important that we wait and see how all the new policies that have been put forward are going to impact inflation."
Trade news from China was better than expected, a positive factor for global economic growth. China June exports rose +5.8% y/y, stronger than expectations of +5.0% y/y. Also, June imports rose +1.1% y/y, stronger than expectations of +0.3% y/y.
The price of Bitcoin (^BTSUSD) continues to soar and is up by more than +2% today at a new record high as the US House prepares to consider legislation this week that would advance President Trump's crypto-friendly agenda. The US House Committee on Financial Services said this week will be "Crypto Week." The US House Committee on Ways and Means has planned an oversight subcommittee hearing on July 16 entitled, "Making America the Crypto Capital of the World," which may lead to more crypto-friendly regulations.
The markets this week will focus on any fresh news on tariffs or trade deals. On Tuesday, the US June CPI is expected to strengthen to +1.9% y/y from +1.7% y/y in May, and the June core CPI is expected to strengthen to +2.9% y/y from +2.8% y/y in May. On Wednesday, June PPI final demand is expected to ease to +2.5% y/y from +2.6% in May, and June core PPI is expected to ease to +2.7% y/y from +3.0% y/y in May. Also, on Wednesday, June manufacturing production is expected to fall by -0.1% m/m. Finally, on Wednesday, the Fed will release its Beige Book. On Thursday, June retail sales are expected to climb by +0.1% m/m and +0.3% ex-autos, and weekly initial unemployment claims are expected to climb by +7,000 to 234,000. Also, on Thursday, the July Philadelphia Fed business outlook survey is expected to climb +3.0 points to -1.0, and the July NAHB housing market index is expected to rise +1 to 33. On Friday, June housing starts are expected to climb +3.3% m/m to 1.298 million, and June building permits are expected to slip -0.6% m/m to 1.386 million. Also, the University of Michigan's US July consumer sentiment index is expected to climb +0.8 to 61.5.
Another hurdle for stocks is the upcoming earnings season, which begins in earnest this week with the release of big bank earnings results. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Federal funds futures prices are discounting the chances at 5% for a -25 bp rate cut at the July 29-30 FOMC meeting.
Overseas stock markets today are mixed. The Euro Stoxx 50 is down -0.44%. China's Shanghai Composite closed up +0.27%. Japan's Nikkei Stock 225 closed down -0.28%.
Interest Rates
September 10-year T-notes (ZNU25) today are down by -2 ticks. The 10-year T-note yield is up by +2.2 bp to 4.432%. T-note prices are under pressure after President Trump said over the weekend that the US will impose 30% tariffs on goods from the European Union and Mexico, beginning August 1, which could boost inflation and prevent the Fed from cutting interest rates. Rising US inflation expectations are also weighing on T-notes as the 10-year breakeven inflation rate today rose to a 3.5-month high of 2.398%.
T-note prices are also being undercut by hawkish comments from Cleveland Fed President Beth Hammack, who said she wants to see inflation lowered further before she'd support cutting interest rates. Finally, negative carryover from a slide in 10-year German bunds to a 3.5-month low today is bearish for T-notes.
European government bond yields today are mixed. The 10-year German bund yield rose to a 3.5-month high of 2.739% and is up +0.7 bp at 2.732%. The 10-year UK gilt yield is down -1.7 bp to 4.605%.
Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
The weakness in semiconductor chip stocks is weighing on the broader market. Micron Technology (MU) is down more than -4% to lead losers in the Nasdaq 100. Also, ARM Holdings Plc (ARM), Qualcomm (QCOM), and NXP Semiconductors NV (NXPI) are down more than -2%. In addition, GlobalFoundries (GFS), Lam Research (LRCX), Marvell Technology (MRVL), Microchip Technology (MCHP), Advanced Micro Devices (AMD), Intel (INTC), and Texas Instruments (TXN) are down more than -1%.
Energy producers and energy service providers are sliding today after WTI crude prices fell from a 3-week high and turned lower. Haliburton (HAL) is down more than -4% and APA Corp (APA) is down more than -3%. Also, Occidental Petroleum (OXY), Schlumberger (SLB), Marathon Petroleum (MPC), Diamondback Energy (FANG), and Valero Energy (VLO) are down more than -2%.
Cryptocurrency-exposed stocks are moving higher with the price of Bitcoin (^BTCUSD) up more than +2% to a new record high. MARA Holdings (MARA) is up more than +6%, Riot Platforms (RIOT) and MicroStrategy (MSTR) are up more than +3%, and Coinbase Global (COIN) is up more than +1%.
Waters (WAT) is down more than -13% to lead losers in the S&P 500 after the company said it will combine a Reverse Morris Trust transaction valued at about $17.5 billion with Becton's Biosciences & Diagnostic Solutions, in which Waters' will assume about $4 billion of incremental debt.
Procter & Gamble (PG) is down more than -2% to lead losers in the Dow Jones Industrials after Evercore ISI downgraded the stock to in line from outperform.
Best Buy (BBY) is down more than -2% after Piper Sandler downgraded the stock to neutral from overweight.
Starbucks (SBUX) is down more than -2% after Melius Research LLC initiated coverage on the stock with a recommendation of sell and a price target of $80.
Intapp (INTA) is down more than -1% after Barclays downgraded the stock to underweight from equal weight with a price target of $44.
Nebius Group NV (NBIS) is up more than +10% after Goldman Sachs initiated coverage of the stock with a recommendation of buy and a price target of $68.
Fastenal (FAST) is up more than +4% to lead gainers in the S&P 500 and Nasdaq 100 after reporting Q2 net sales of $2.08 billion, better than the consensus of $2.07 billion.
Autodesk (ADSK) is up more than +4% to lead gainers in the S&P 500 after it said it is allocating its capital to organic investment, targeted and tuck-in acquisitions, and continuing its share repurchase program as its free cash flow grows.
Gen Digital (GEN) is up more than +2% after B Riley Securities initiated coverage on the stock with a recommendation of buy and a price target of $46.
Global Payments (GPN) is up by more than +1% after TD Cowen upgraded the stock to buy from hold with a price target of $84.
Visteon Corp (VC) is up more than +1% after UBS upgraded the stock to buy from neutral with a price target of $142.
Earnings Reports (7/14/2025)
Equity Bancshares Inc (EQBK), Fastenal Co (FAST), FB Financial Corp (FBK), Immersion Corp (IMMR), Kestra Medical Technologies Ltd (KMTS), Rezolve AI PLC (RZLV), Simulations Plus Inc (SLP).
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.

	S/L 5%RUB 95.75	S/L 10%RUB 90.71	S/L 15%RUB 85.67
Day	1.34%	0.00%	0.00%
Week	26.88%	2.13%	0.04%
Month	58.94%	26.14%	8.19%

Lam Research Corporation

Momentum

Protective stop levels