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 демонстрирует впечатляющие результаты, в частности, показатели ROE, ROA и маржи значительно превышают медианные значения в отрасли, что указывает на высокую эффективность управления. Однако мультипликаторы, такие как P/E и P/B, значительно выше медианных значений, что может свидетельствовать о переоцененности компании. Долговая нагрузка на уровне 0.37 также является высоко оцененной относительно медианы, что создает определенные риски. Несмотря на отсутствие дивидендов в последние годы, рост выручки и чистой прибыли демонстрирует устойчивую динамику. Общая финансовая устойчивость поддерживается высоким уровнем наличности и активов. Важно отметить, что хотя многие финансовые показатели растут, высокие мультипликаторы могут ограничить потенциал роста акций в будущем. В целом, хотя перспективы компании остаются сильными, текущая переоцененность может оказывать давление на целевую цену.

Lam Research Corporation

The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.61%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.62%. March E-mini S&P futures (ESH26) fell -0.60%, and March E-mini Nasdaq futures (NQH26) fell -0.66%.
Stocks gave up an early advance on Friday and retreated, with the S&P 500 and Dow Jones Industrials falling to 3.5-month lows. Stocks fell after crude oil prices recovered from early losses and rallied more than +3%, as the war in Iran shows no signs of abating. The Wall Street Journal reported on Friday that the US is moving a Marine expeditionary unit to the Middle East as Iran steps up attacks on the Strait of Hormuz.
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Stocks initially moved higher on Friday when WTI crude oil gave up overnight gains and fell more than -2% after the US granted a temporary waiver allowing buyers to take Russian oil cargoes already at sea. The US Treasury granted a month-long waiver to import Russian oil loaded before Thursday, covering Russian crude oil and fuel on about 30 tankers carrying at least 19 million barrels. Crude was also briefly pressured after the Financial Times reported that France and Italy had opened talks with Iran to negotiate a deal to guarantee the safe passage of their ships through the Strait of Hormuz.
Crude prices also found support on Friday after US officials said Iran has begun laying mines in the Strait of Hormuz, an effort that could further complicate US efforts to restart shipping in the waterway. Despite the US destroying most large ships in the Iranian navy used to lay mines, Iran began using smaller boats for the operation on Thursday, according to a US official briefed on the intelligence. Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.
The latest rhetoric from President Trump and Iranian leader Khamenei suggests there will be no immediate easing in the war that has disrupted energy shipments in the Middle East and spurred concerns about rising inflation. Global bond yields have soared this week on inflation fears, with the German 10-year bund yield rising to a 2.25-year high of 2.99% on Friday and the 10-year T--note yield climbing to a 1.25-month high at 4.29%.
Crude oil prices remain underpinned despite attempts to boost global supplies. The IEA on Wednesday released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.
Friday’s US economic news was mixed for stocks. Jan personal spending, Jan JOLTS job openings, and the University of Michigan US Mar consumer sentiment index all rose more than expected. However, Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, were weaker than expected. Also, Q4 GDP was revised lower, and the Jan core PCE price index, the Fed's preferred inflation gauge, rose by the most in 1.75 years.
US Jan personal spending rose +0.4% m/m, stronger than expectations of +0.3% m/m. Jan personal income rose +0.4% m/m, weaker than expectations of +0.5% m/m.
The US Jan core PCE price index, the Fed's preferred inflation gauge, rose +3.1% y/y, right on expectations and the highest in 1.75 years.
US Jan capital goods new orders nondefense ex-aircraft and parts were unchanged m/m, weaker than expectations of +0.5% m/m.
US Q4 GDP was revised downward to +0.7% (q/q annualized) from the previously reported +1.4% as Q4 personal consumption was revised lower to +2.0% from the previously reported +2.4%.
The University of Michigan US consumer sentiment index fell -1.1 to 55.5, stronger than the 54.8 expected.
The University of Michigan's US Mar 1-year inflation expectations were unchanged from Feb at 3.4%, below expectations of a rise to 3.7%. The Mar 5-10 year inflation expectations unexpectedly fell to 3.2% from 3.3% in Feb, weaker than expectations of an increase to 3.4%.
US Jan JOLTS job openings rose +396,000 to 6.946 million, stronger than expectations of 6.750 million.
Q4 earnings season is nearly over, with more than 98% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 495 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 1% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets settled lower on Friday. The Euro Stoxx 50 closed down -0.56%. China's Shanghai Composite closed down -0.82%. Japan's Nikkei Stock 225 closed down -1.16%.
Interest Rates
June 10-year T-notes (ZNM6) on Friday closed unchanged. The 10-year T-note yield rose +1.8 bp to 4.279%. June T-notes fell to a 1.25-month low on Friday, and the 10-year T-note yield climbed to a 5-week high of 4.289%. T-notes gave up an early advance on Friday after crude oil prices jumped more than +3%, which fueled inflation fears. Also, mixed US economic news limited gains in T-notes after Jan JOLTS job openings, and the University of Michigan Mar consumer sentiment index rose more than expected, hawkish factors for Fed policy. Conversely, Q4 GDP was revised lower, and Jan capital goods new orders rose less than expected, supportive factors for T-notes. Also, Friday’s stock weakness sparked some safe-haven demand for T-notes.
European government bond yields moved higher on Friday. The 10-year German bund yield rose to a 2.25-year high of 2.992% and finished up +2.6 bp to 2.983%. The 10-year UK gilt yield rose to a 6.25-month high of 4.825% and finished up +4.9 bp to 4.823%.
UK Jan GDP was unchanged m/m, weaker than expectations of +0.2% m/m.
UK Jan manufacturing production rose +0.1% m/m, weaker than expectations of +0.2% m/m.
Swaps are discounting a 3% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Meta Platforms (META) closed down more than -3% to lead the Magnificent Seven technology stocks lower after the New York Times reported that the company’s latest AI model has underperformed expectations and will be delayed. Also, Apple (AAPL) closed down more than -2%, and Microsoft (MSFT) and Nvidia (NVDA) closed down more than -1%. In addition, Tesla (TSLA) closed down -0.96%. Amazon.com (AMZN) closed down -0.89% and Alphabet (GOOGL) closed down -0.42%.
Chip stocks and AI-infrastructure companies moved higher on Friday, a supportive factor for the broader market. Sandisk (SNDK) closed up more than +6% to lead gainers in the S&P 500, and Micron Technology (MU) closed up more than +4% to lead gainers in the Nasdaq 100. Also, Western Digital (WDC) closed up more than +4%, and Seagate Technology Holdings Plc (STX) closed up more than +2%. In addition, Lam Research (LRCX), Applied Materials (AMAT), and Intel (INTC) closed up more than +1%.
Cryptocurrency-exposed stocks moved higher on Friday as Bitcoin (^BTCUSD) rose more than +1% to a 1-week high. Galaxy Digital Holdings (GLXY) closed up more than +8%, and MARA Holdings (MARA) closed up more than +6%. Also, Strategy (MSTR) and Coinbase Global (COIN) closed up more than +1%.
Mining stocks sold off on Friday as copper prices fell more than -2%, gold prices fell more than -1%, and silver prices dropped more than -4%. Anglogold Ashanti Ltd (AU) closed down more than -9%, and Coeur Mining (CDE) closed down more than -6%. Also, Southern Copper (SCCO) closed down more than -5%, and Newmont Mining (NEM), Hecla Mining (HL), Barrick Mining (B), and Freeport-McMoRan (FCX) closed down more than -4%.
Fertilizer stocks retreated on Friday, giving back some of this week’s sharp gains. Intrepid Potash (IPI) and Mosaic (MOS) closed down more than -6%, and CF Industries Holdings (CF) closed down more than -4%.
EverCommerce (EVCM) closed down more than -15% after forecasting Q1 revenue of $145.5 million to $148.5 million, well below the consensus of $151 million.
Ulta Beauty (ULTA) closed down more than -14% to lead losers in the S&P 500 after it forecast full-year comparable sales will increase 2.5% to 3.5%, below the consensus of 3.5%.
Adobe (ADBE) closed down more than -7% to lead losers in the Nasdaq 100 after CEO Narayen said he will resign and remain in his post until a successor has been appointed.
Insulet (PODD) closed down more than -6% after it issued a voluntary recall of some Omnipod 5 Pods due to a manufacturing issue that led to 18 reports of serious adverse events.
ServiceTitan (TTAN) closed down more than -5% after reporting a Q4 EPS loss of -44 cents, wider than the consensus of -41 cents.
Klarna Group Plc (KLAR) closed up more than +9% after an SEC filing showed Chairman Morits purchased 3.47 million shares through an associated entity between March 3 and March 11.
Charles Schwab (SCHW) closed up more than +2% after it expects revenue growth of 16% in Q1 and said the company’s “diversified financial model continues to deliver.”
Carvana (CVNA) closed up more than +2% after its board approved a 5-for-1 split of its common stock.
Circle Internet Group (CRCL) closed up more than +1% after Mizuho Securities raised its price target on the stock to $120 from $100.
Earnings Reports(3/16/2026)
Dollar Tree Inc (DLTR) and Science Applications International (SAIC).
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.

Iran War Drags Stocks Lower

MKS MKSI shares have surged 148.1% in the past year, outperforming the Zacks Computer & Technology sector’s growth of 31.9%. The surge can be attributed mainly to strong revenue and profit growth. The company registered revenue growth of 10% year over year in 2025, while EPS increased about 20%. Both revenues and EPS exceeded expectations.
The company’s shares rose on strong demand from the AI Semiconductor boom, exposure to the fast-growing semiconductor equipment market and robust growth in the electronics and packaging business.
Will SBTi Approved Targets Strengthens MKS’ Sustainability?
On March 12, MKS announced that its near-term greenhouse gas (GHG) emission reduction targets have been formally approved by the Science Based Targets initiative (SBTi), confirming that the company’s climate strategy aligns with global climate science. The company intends to reduce absolute Scope 1 and Scope 2 emissions by 42% by 2030 compared with a 2022 baseline. It has been committed that 69% of suppliers and customers will adopt science-based climate targets by 2030. These commitments are aligned with the 1.5 C global warming limit, which is the most ambitious target defined by climate science.
This approval builds on MKS’ earlier climate pledge announced in December 2023. Since then, the company has recalculated Scope 1 and Scope 2 emissions to include a broader portion of its operations and expanded Scope 3 emissions accounting to align with SBTi reporting standards. The company has updated its emissions inventory to provide a more comprehensive view of its operational and value-chain carbon footprint.
MKS Inc. Price and Consensus
This announcement brings several strategic benefits for MKS, which includes stronger ESG reputation, a competitive advantage with customers, lower long-term operating costs, reduced regulatory risk and stronger supply chain collaboration. The approval may help the company attract ESG-focused institutional investors, improve corporate reputation and increase sustainability ratings.
The company supplies technology to industries, such as semiconductor manufacturing, electronics manufacturing and advanced industrial applications. With the help of approved climate targets, the company can strengthen relationships with major clients and win contracts with companies that emphasize sustainability. It stays aligned with global supply-chain decarbonization trends. Reducing emissions improves energy efficiency through the use of cleaner energy sources and the optimization of manufacturing processes.
The company faces risks regarding weakness in consumer electronics, automotive market softness, supply chain constraints and memory market volatility.
MKSI’s Earnings Estimate Revision Shows Positive Trend
For the first quarter of 2026, MKS expects total revenues to be $1.04 billion, plus or minus $40 million. The company anticipates adjusted net earnings to be $2 per share, plus or minus 28 cents.
The Zacks Consensus Estimate for total revenues for first-quarter fiscal 2026 is pegged at $1.04 billion, indicating a year-over-year increase of 11.6%. The consensus mark for first-quarter earnings is pinned at $1.99 per share, up 8 cents over the past 30 days, indicating a year-over-year jump of 16.4%.
The Zacks Consensus Estimate for 2026 total revenues is pegged at $4.46 billion, indicating a year-over-year increase of 13.6%. The consensus mark for 2026 earnings is pinned at $9.85 per share, up 85 cents over the past 30 days, indicating a year-over-year increase of 25%.
Zacks Rank & Other Stocks to Consider
MKS currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Arrow Electronics ARW, Alps Electric APELY and Lam Research LRCX, which currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today's Zacks#1 Rank stocks here.
Long-term earnings growth rates for Arrow Electronics, Alps Electric and Lam Research are currently pegged at 15.2%, 38.8% and 17.7%, respectively. Shares of Arrow Electronics, Alps Electric and Lam Research are up 34.2%, 28.1%, 166.2%, respectively, over the past 12 months.
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MKSI Gets SBTi Approval for 2030 Science-Based Emission Targets

Amkor Technology AMKR is lining up for a pivotal second half of 2026 as structural artificial intelligence (AI) and high-performance computing (HPC) demand accelerates advanced packaging activity. The company’s setup includes two CPU programs nearing launch and a wave of AI personal computer-related devices ramping earlier in 2026. For the first quarter of 2026, Amkor guided sales to $1.60-$1.70 billion (midpoint up ~25% year over year).
The story for the back half of 2026 is less about a single quarter and more about whether qualification milestones, supply availability and capacity expansions converge on schedule.
Amkor Technology, Inc. Revenue (TTM)
AMKR’s AI Packaging Surge in 2026
Computing is expected to grow more than 20% year over year in 2026, an important anchor for Amkor’s AI and HPC exposure. That end-market lift matters because it typically carries higher-value packaging and test content than mainstream work.
The key operating signal to watch is the expectation that advanced packaging platforms, specifically 2.5D and High-Density Fan-Out (HDFO), are expected to nearly triple over the course of 2026. If that ramp materializes, it sets up a meaningful mix shift, especially after advanced products dominated sales in the fourth quarter of 2025.
Amkor’s CPU Program Launch Catalysts
Two CPU HDFO programs are in final qualification and targeted to launch into high-volume production in the second half of 2026. Qualification timing is central because it defines the usable production window for second-half revenue capture and the pace of utilization improvement.
Amkor has also indicated that one of these CPU programs may not reach full volume by year-end. This implies the second half can still show meaningful progress without every program achieving peak run-rate before the calendar turns, which can shift the shape of revenue and margin benefits into later periods.
AMKR’s Constraints That Could Delay the Upside
Amkor has flagged several near-term bottlenecks that can compress the execution window for 2026 ramps. One is research and development labor bandwidth tied to new product introductions, where engineering resources can become a gating factor even if demand is strong.
Operational constraints also include Korea floor space during expansion and equipment lead times. Even with plans in motion, those practical limits can slow how quickly capacity converts into shippable output.
On the supply side, the company is monitoring substrate, advanced silicon and memory availability, along with evolving export controls. Any supply disruption or policy shift that changes customer timing can defer mix improvement and push out the margin uplift tied to better fixed-cost absorption.
Amkor’s Regional Capacity as a Strategic Moat
Amkor’s multi-region buildout is designed around customer resiliency and regionalized supply chains. In Korea, cleanroom space is expected to increase about 20% by the end of 2026 compared with the beginning of 2025, with a new building online as the company exits 2026. That expansion is a direct enabler for higher-value advanced packaging and test work.
Vietnam is another important lever. The facility reached breakeven in the fourth quarter of 2025 and is expected to be at least breakeven in the first quarter of 2026, which helps free Korea’s capacity for higher-value HDFC and test workloads.
In the United States, Phase 1 construction of the Arizona campus is underway. The first phase is planned at approximately 1.8 million square feet, with manufacturing expected to begin in the first half of 2028. The project is supported by potential aggregate incentives upward of $2.85 billion and direct funding awarded up to $407 million, alongside a collaboration with Taiwan Semiconductor Manufacturing Company and customer prepayments/loading agreements.
AMKR’s Margins to Remain Under Pressure
Profitability in early 2026 is expected to be choppy. The first quarter is guided as the seasonal low point for revenues and earnings, with sales guided to $1.60-$1.70 billion and gross margin guided to 12.5%-13.5%. Front-loaded equipment spending is also expected to lift depreciation expense in the first half of 2026.
The Zacks Consensus Estimate for first-quarter 2026 earnings is currently pegged at 23 cents, unchanged over the past 30 days. AMKR reported earnings of 9 cents per share in the year-ago quarter.
Consensus Earnings Estimate
Image Source: Zacks Investment Research
The second half is expected to look different as AI and HPC programs reach volume and fixed-cost absorption improves. Management is also targeting roughly 30% incremental flow-through in 2026, supported by operational excellence, Japan optimization, improved pricing, and the continued mix shift to advanced packaging.
Zacks Rank & Stocks to Consider
Amkor currently has a Zacks Rank #3 (Hold).
Lam Research LRCX, Qnity Electronics Q and Western Digital WDC are some stocks worth buying in the broader Zacks Computer and Technology sector. All three stocks currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Lam Research, Qnity Electronics and Western Digital is pegged at 17.74%, 28.05% and 51.11%, respectively. In terms of share price movement, Lam Research, Qnity Electronics, and Western Digital have appreciated 31.5%, 42.3% and 58.5%, respectively.
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From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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.

Amkor Eyes Strong Second Half 2026 as AI, HPC Packaging Demand Surges

The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.30%. March E-mini S&P futures (ESH26) are down -0.19%, and March E-mini Nasdaq futures (NQH26) are down -0.32%.
Stocks gave up an early advance today and are trading mixed after crude oil prices recovered from early losses, trading little changed, as the war in Iran shows no signs of abating. The Wall Street Journal reported today that the US is moving a Marine expeditionary unit to the Middle East as Iran steps up attacks on the Strait of Hormuz.
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Stocks initially moved higher today when WTI crude oil gave up overnight gains and fell more than -2% after the US granted a temporary waiver allowing buyers to take Russian oil cargoes already at sea. The US Treasury granted a month-long waiver to import Russian oil loaded before Thursday, covering Russian crude oil and fuel on about 30 tankers carrying at least 19 million barrels. Crude was also briefly pressured after the Financial Times reported that France and Italy had opened talks with Iran to negotiate a deal to guarantee the safe passage of their ships through the Strait of Hormuz.
Crude prices rallied in overnight trading after US officials said Iran has begun laying mines in the Strait of Hormuz, an effort that could further complicate US efforts to restart shipping in the waterway. Despite the US destroying most large ships in the Iranian navy used to lay mines, Iran began using smaller boats for the operation on Thursday, according to a US official briefed on the intelligence. Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.
The latest rhetoric from President Trump and Iranian leader Khamenei suggests there will be no immediate easing in the war that has disrupted energy shipments in the Middle East and spurred concerns about rising inflation. Global bond yields have soared this week on inflation fears, with the German 10-year bund yield rising to a 2.25-year high of 2.99% today and the 10-year T--note yield climbing to a 5-week high at 4.28%.
Crude oil prices remain underpinned despite attempts to boost global supplies. The IEA on Wednesday released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.
Today’s US economic news is mixed for stocks. Jan personal spending, Jan JOLTS job openings, and the University of Michigan US Mar consumer sentiment index all rose more than expected. However, Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, were weaker than expected. Also, Q4 GDP was revised lower, and the Jan core PCE price index, the Fed's preferred inflation gauge, rose by the most in 1.75 years.
US Jan personal spending rose +0.4% m/m, stronger than expectations of +0.3% m/m. Jan personal income rose +0.4% m/m, weaker than expectations of +0.5% m/m.
The US Jan core PCE price index, the Fed's preferred inflation gauge, rose +3.1% y/y, right on expectations and the highest in 1.75 years.
US Jan capital goods new orders nondefense ex-aircraft and parts were unchanged m/m, weaker than expectations of +0.5% m/m.
US Q4 GDP was revised downward to +0.7% (q/q annualized) from the previously reported +1.4% as Q4 personal consumption was revised lower to +2.0% from the previously reported +2.4%.
The University of Michigan US consumer sentiment index fell -1.1 to 55.5, stronger than the 54.8 expected.
The University of Michigan's US Mar 1-year inflation expectations were unchanged from Feb at 3.4%, below expectations of a rise to 3.7%. The Mar 5-10 year inflation expectations unexpectedly fell to 3.2% from 3.3% in Feb, weaker than expectations of an increase to 3.4%.
US Jan JOLTS job openings rose +396,000 to 6.946 million, stronger than expectations of 6.750 million.
Q4 earnings season is nearly over, with more than 98% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 495 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 1% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.24%. China's Shanghai Composite closed down -0.82%. Japan's Nikkei Stock 225 closed down -1.16%.
Interest Rates
June 10-year T-notes (ZNM6) today are up by +3 ticks. The 10-year T-note yield is down -0.6 bp to 4.255%. June T-notes are slightly higher today, and the 10-year T-note yield fell from a 5-week high of 4.279%. Today’s US economic news, which showed Q4 GDP revised lower and Jan capital goods new orders climbing less than expected, was supportive of T-notes. Gains in T-notes were limited after Jan JOLTS job openings, and the University of Michigan Mar consumer sentiment index rose more than expected, hawkish factors for Fed policy. Also, a rebound in crude oil prices from early losses to higher on the day weighed on T-note prices.
European government bond yields are mixed today. The 10-year German bund yield fell from a 2.25-year high of 2.992% and is down -0.4 bp to 2.953%. The 10-year UK gilt yield rose to a 6.25-month high of 4.812% and is up +0.9 bp to 4.782%.
UK Jan GDP was unchanged m/m, weaker than expectations of +0.2% m/m.
UK Jan manufacturing production rose +0.1% m/m, weaker than expectations of +0.2% m/m.
Swaps are discounting a 3% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Chip stocks and AI-infrastructure companies are moving higher today, a supportive factor for the broader market. Micron Technology (MU) is up more than +4%, and Seagate Technology Holdings Plc (STX), Lam Research (LRCX), and Western Digital (WDC) are up more than +2%. Also, Applied Materials (AMAT), Marvell Technology (MRVL), ARM Holdings Plc (ARM), Intel (INTC), and KLA Corp (KLAC) are up more than +1%.
Cryptocurrency-exposed stocks are climbing today, with Bitcoin (^BTCUSD) up more than +4% at a 1-week high. MARA Holdings (MARA) is up more than +12%, and Strategy (MSTR) is up more than +6% to lead gainers in the Nasdaq 100. Also, Galaxy Digital Holdings (GLXY) is up more than +6%, and Riot Platforms (RIOT) and Coinbase Global (COIN) are up more than +3%.
Fertilizer stocks are retreating today, giving back some of this week’s sharp gains. Intrepid Potash (IPI) is down more than -7%, CF Industries Holdings (CF) is down more than -6%, and Mosaic (MOS) is down more than -4%.
Klarna Group Plc (KLAR) is up more than +12% after an SEC filing showed Chairman Morits purchased 3.47 million shares through an associated entity between March 3 and March 11.
Charles Schwab (SCHW) is up more than +2% after it expects revenue growth of 16% in Q1 and said the company’s “diversified financial model continues to deliver.”
Circle Internet Group (CRCL) is up more than +1% after Mizuho Securities raised its price target on the stock to $120 from $100.
Knight-Swift Transportation Holdings (KNX) is up more than +1% after Citigroup upgraded the stock to buy from neutral with a price target of $64.
Air Products and Chemicals (APD) is up more than +1% after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $325.
Ulta Beauty (ULTA) is down more than -11% to lead losers in the S&P 500 after it forecast full-year comparable sales will increase 2.5% to 3.5%, below the consensus of 3.5%.
EverCommerce (EVCM) is down more than -10% after forecasting Q1 revenue of $145.5 million to $148.5 million, well below the consensus of $151 million.
Adobe (ADBE) is down more than -5% to lead losers in the Nasdaq 100 after CEO Narayen said he will resign and remain in his post until a successor has been appointed.
Insulet (PODD) is down more than 5% after it issued a voluntary recall of some Omnipod 5 Pods due to a manufacturing issue that led to 18 reports of serious adverse events.
ServiceTitan (TTAN) is down more than -4% after reporting a Q4 EPS loss of -44 cents, wider than the consensus of -41 cents.
Meta Platforms (META) is down more than -2% after the New York Times reported that the company’s latest AI model has underperformed expectations and will be delayed.
Earnings Reports(3/13/2026)
4D Molecular Therapeutics Inc (FDMT), Actuate Therapeutics Inc (ACTU), AirSculpt Technologies Inc (AIRS), AlTi Global Inc (ALTI), American Vanguard Corp (AVD), Avidity Biosciences Inc (RNAM), Better Home & Finance Holding (BETR), Bit Digital Inc (BTBT), Blue Foundry Bancorp (BLFY), Buckle Inc/The (BKE), CapsoVision Inc (CV), Citizens Inc/TX (CIA), Emerald Holding Inc (EEX), Eve Holding Inc (EVEX), GoHealth Inc (GOCO), Gossamer Bio Inc (GOSS), John Marshall Bancorp Inc (JMSB), LENSAR Inc (LNSR), MeiraGTx Holdings plc (MGTX), NET Lease Office Properties (NLOP), Perma-Fix Environmental Services (PESI), Value Line Inc (VALU), Waldencast plc (WALD).
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 Erase Early Gains on Iran War Anxiety

FormFactor’s FORM shares have surged 187.8% in the trailing six months, outperforming the broader Zacks Computer and Technology sector’s growth of 0.3% and the Zacks Electronics- Semiconductors industry’s improvement of 3.1%.
FORM shares have outperformed industry peers like Marvell Technology (MRVL), which has surged 30% over the past six months.
FormFactor's massive share price surge can be attributed to record financial performance and a strong earnings beat in the fourth quarter of 2025. The company registered revenues of $215.2 million with 13.5% year-over-year growth and non-GAAP EPS of 46 cents, 11 cents ahead of the Zacks Consensus Estimate . The record financial performance signals strong demand across its semiconductor testing markets.
On March 11, the company announced a major product launch — the Flatiron Dilution Refrigerator — a cryogenic system designed for quantum research and quantum hardware testing. Management explained that traditional dilution refrigerators are difficult to use, making it necessary for the company to launch a major new product.
FormFactor, Inc. Price and Consensus
The main innovation of the Flatiron system is its horizontal benchtop design, which is different from traditional vertical cryogenic systems. The horizontal design allows easier sample access, faster experimental setup and fewer disassembly requirements. The system achieves approximately 30 millikelvin base temperature, making it suitable for quantum processors, superconducting qubits and advanced materials research.
The main benefits of the announcement include faster time-to-data, as Flatiron enables rapid thermal cycling, quick sample exchange and frequent experiment iteration. Another key feature is easy integration into existing laboratories. The system has a compact footprint of 150 cm x 80 cm, which allows it to fit next to optical tables, work with standard lab equipment and integrate into modern research labs.
Flatiron includes four cryogenic optical windows, which allow researchers to perform optical experiments, laser-based measurements and electro-optical testing. This launch is strategically important as it expands the company’s presence in the quantum technology ecosystem.
FORM Leads With Innovation in Probe Card Industry
FormFactor's unique capabilities position it for accelerated growth in the advanced probe card market. The company offers a diverse range of probe cards for various applications, including RF, MMW and radar, which are essential for high-performance wafer testing.
FORM's Apollo vertical probe cards excel in flip chip and pre-bump applications, and are ideal for area-array and perimeter-layout probing. They are the top choices for testing graphics processors, game console microprocessors and automotive microcontrollers, showcasing versatility and reliability.
FormFactor's diversification strategy features a broad lab-to-fab product portfolio across foundry and logic, DRAM, flash probe card and systems segment products. This helps the company stand out from competitors and secure business with key customers.
FORM expects the Advanced Probe Card market to reach $2.7 billion by 2028, driven by innovation in products like SmartMatrix, Kepler and Pyramid RF probe cards, which meet the increasing demands of advanced technologies like 5G. Additionally, the company’s broad product portfolio and diverse customer base contribute to this growth projection.
The company's significant customer base, including Intel, Samsung, Micron Technology, SK Hynix and Taiwan Semiconductor, has played a key role in its financial success, consistently accounting for more than 10% of revenues over the years.
Challenging Macroeconomic Condition Hurts FormFactor
FORM may suffer from macro and geopolitical risks that could affect its performance. Management cautioned about potential impacts from global macroeconomic uncertainty, geopolitical tensions, supply-chain disruptions, trade relations and export controls. It cautioned about high tariffs, which can reduce profitability.
FORM’s Sales & Earnings Estimates Trend Upward
For the first quarter of fiscal 2026, the Zacks Consensus Estimate for earnings is pegged at 45 cents per share, up 3 cents over the past 30 days. This indicates a year-over-year surge of 95.65%.
The Zacks Consensus Estimate for first-quarter fiscal 2026 revenues is pinned at $225.62 billion, suggesting a 31.66% increase from the prior-year quarter.
FormFactor has shown a mixed earnings surprise record, missing the Zacks Consensus Estimate in one of the trailing four quarters while exceeding it in the other three, with an average surprise of 18.62%.
FORM’s Zacks Rank & Other Stocks to Consider
FormFactor currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Arrow Electronics ARW, Alps Electric APELY and Lam Research LRCX, which currently sport a Zacks Rank #1 each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for Arrow Electronics, Alps Electric and Lam Research are currently pegged at 15.2%, 38.8% and 17.7% respectively. Shares of Arrow Electronics, Alps Electric and Lam Research are up 34.2%, 28.1%, 166.2%, respectively, over the past 12 months.
Just Released: Zacks Top 10 Stocks for 2026
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From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.
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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.

FORM Surges 188% in 6 Months:Will the Momentum Continue in 2026?

Amkor Technology AMKR is positioning 2026 as a step-up year for advanced packaging, supported by rising artificial intelligence (AI) and high-performance computing (HPC) workloads. Management is framing the demand backdrop as “structural,” with multiple ramps expected to build through the year.
The setup comes with near-term margin pressure tied to seasonality and higher first-half depreciation. Even so, the company’s roadmap points to stronger second-half volume, better absorption and a mix shift that favors higher-value platforms.
AMKR’s AI And HPC Packaging Tailwinds
Amkor is leaning into AI and HPC demand as a multi-year driver of advanced packaging. In 2026, computing is expected to grow more than 20% year over year, and advanced platforms such as 2.5D integration and high-density fan-out are expected to nearly triple over the course of the year.
That matters because these programs are not just incremental unit growth. They pull through more complex packaging content and higher-value process steps, which can lift revenue quality as ramps move from qualification into production.
Amkor’s Advanced Packaging Mix Shift
The mix shift is already visible in recent results. In the fourth quarter of 2025, advanced products accounted for $1.58 billion of sales, while mainstream products contributed $308 million, underscoring how heavily revenues are tilting toward higher-value offerings.
Amkor’s advanced portfolio includes High-Density Fan-Out (HDFO), 2.5D integration, advanced flip chip and related wafer-level capabilities. As these products take a larger share of revenue, the company has more opportunity to benefit from pricing, mix, and operating leverage tied to specialized capacity.
AMKR’s 2026 Ramp Timeline for AI Programs
Management expects a staggered cadence to the 2026 ramps. PC-related AI devices are expected to ramp earlier in 2026, supporting growth on the computing side ahead of the largest server-class launches.
Two CPU programs are in final qualification and targeted to enter high-volume production in the second half of 2026. Amkor has also indicated that one of these programs may not reach full volume by year-end, which narrows the execution window and raises the importance of smooth qualification and supply readiness.
Amkor’s Multi-Region Footprint Strategy
Amkor is executing a multi-region capacity buildout that aligns with customer resiliency needs and supply chain regionalization. Korea’s cleanroom space is expected to increase about 20% by the end of 2026 compared with the beginning of 2025, with a new building coming online as the company exits 2026.
Vietnam is another important lever. The Vietnam facility opened in 2024 and continued scaling in 2025. It reached breakeven in the fourth quarter of 2025 and is expected to be at least breakeven in the first quarter of 2026, which can free Korea capacity for higher-value High-Density Fan-Out and test work.
In the United States, Amkor began construction of a new advanced packaging and test facility in Arizona in the second half of 2025. The first phase is planned at roughly 1.8 million square feet, with manufacturing expected to begin in the first half of 2028. Phase 1 construction is underway and is supported by potential aggregate incentives upward of $2.85 billion and direct funding awarded up to $407 million, alongside collaboration with TSMC and customer prepayments or loading agreements.
AMKR’s Margins to Remain Under Pressure
Profitability in early 2026 is expected to be choppy. The first quarter is guided as the seasonal low point for revenues and earnings, with sales guided to $1.60-$1.70 billion and gross margin guided to 12.5%-13.5%. Front-loaded equipment spending is also expected to lift depreciation expense in the first half of 2026.
Comparisons are complicated by a non-recurring item in late 2025. Fourth-quarter 2025 gross profit included an estimated $30 million benefit from asset sales, helping gross margin reach 16.7%. That benefit will not recur, which can pressure sequential optics even if underlying operations track.
The Zacks Consensus Estimate for first-quarter 2026 earnings is currently pegged at 23 cents, unchanged over the past 30 days. AMKR reported earnings of 9 cents per share in the year-ago quarter.
Amkor Technology, Inc. Price and Consensus
The second half is expected to look different as AI and HPC programs reach volume and fixed-cost absorption improves. Management is also targeting roughly 30% incremental flow-through in 2026, supported by operational excellence, Japan optimization, improved pricing, and the continued mix shift to advanced packaging.
Zacks Rank & Stocks to Consider
Amkor currently has a Zacks Rank #3 (Hold).
Lam Research LRCX, Qnity Electronics Q and Western Digital WDC are some stocks worth buying in the broader Zacks Computer and Technology sector. All three stocks currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Lam Research, Qnity Electronics and Western Digital is pegged at 17.74%, 28.05% and 51.11%, respectively. In terms of share price movement, Lam Research, Qnity Electronics and Western Digital have appreciated 31.5%, 42.3% and 58.5%, respectively.
Just Released: Zacks Top 10 Stocks for 2026
Hurry – you can still get in early on our 10 top tickers for 2026. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful.
From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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.

Amkor Eyes Strong 2026 as AI and HPC Packaging Ramps Accelerate

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.14%.
After initially opening higher, stocks are now mixed. WTI crude oil has rebounded off earlier lows and is up +0.33%. Oil and the Strait of Hormuz are in focus.
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The US granted a temporary waiver allowing buyers to take Russian oil cargoes already at sea. The US Treasury granted a month-long waiver to import Russian oil loaded before Thursday, covering Russian crude oil and fuel on about 30 tankers carrying at least 19 million barrels. The Financial Times reported that France and Italy have opened talks with Iran to try to negotiate a deal to guarantee the safe passage of their ships through the Strait of Hormuz. US officials said Iran has begun laying mines in the Strait of Hormuz, an effort that could further complicate US efforts to restart shipping in the waterway. Despite the US destroying most large ships in the Iranian navy used to lay mines, Iran began using smaller boats for the operation on Thursday, according to a US official briefed on the intelligence. Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel, should crude flows via the Strait of Hormuz remain depressed through March.
The latest rhetoric from President Trump and Iranian leader Khamenei suggests there will be no immediate easing in the war that has disrupted energy shipments in the Middle East and spurred concerns about rising inflation. Global bond yields have soared this week on inflation fears, with the German 10-year bund yield rising to a 2.25-year high of 2.99% today and the 10-year T--note yield climbing to a 5-week high at 4.28%.
Crude oil prices remain elevated despite attempts to boost global supplies. The IEA on Wednesday released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.
Today’s US economic news is mixed for stocks. Jan personal spending rose more than expected, but Jan capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, were weaker than expected. Also, Q4 GDP was revised lower, and the Jan core PCE price index, the Fed's preferred inflation gauge, rose by the most in 1.75 years.
US Jan personal spending rose +0.4% m/m, stronger than expectations of +0.3% m/m. Jan personal income rose +0.4% m/m, weaker than expectations of +0.5% m/m.
The US Jan core PCE price index, the Fed's preferred inflation gauge, rose +3.1% y/y, right on expectations and the highest in 1.75 years.
US Jan capital goods new orders nondefense ex-aircraft and parts were unchanged m/m, weaker than expectations of +0.5% m/m.
US Q4 GDP was revised downward to +0.7% (q/q annualized) from the previously reported +1.4% as Q4 personal consumption was revised lower to +2.0% from the previously reported +2.4%.
Q4 earnings season is nearly over, with more than 98% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 495 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 0% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.33%. China's Shanghai Composite closed down -0.82%. Japan's Nikkei Stock 225 closed down -1.16%.
Interest Rates
June 10-year T-notes (ZNM6) today are up by +7 ticks. The 10-year T-note yield is down -1.6 bp to 4.245%. June T-notes are moving higher today, and the 10-year T-note yield fell from a 5-week high of 4.279%. Today’s 2% decline in WTI crude oil prices has lowered inflation expectations and is bullish for T-notes. Also, today’s US economic news, which showed Q4 GDP revised lower and Jan capital goods new orders climbing less than expected, was supportive of T-notes.
European government bond yields moved higher on Thursday. The 10-year German bund yield fell from a 2.25-year high of 2.992% and is down -1.0 bp to 2.947%. The 10-year UK gilt yield fell from a 6.25-month high of 4.812% and is down -1.2 bp to 4.761%.
UK Jan GDP was unchanged m/m, weaker than expectations of +0.2% m/m.
UK Jan manufacturing production rose +0.1% m/m, weaker than expectations of +0.2% m/m.
Swaps are discounting a 3% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Chip stocks and AI-infrastructure companies are moving higher today, a supportive factor for the broader market. Western Digital (WDC) is up more than +4%, and Micron Technology (MU) is up more than +3%. Also, Intel (INTC), Seagate Technology Holdings Plc (STX), Lam Research (LRCX), and Applied Materials (AMAT) are up more than +2%. In addition, ARM Holdings Plc (ARM), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Qualcomm (QCOM), and Texas Instruments (TXN) are up more than +1%.
Cryptocurrency-exposed stocks are climbing today, with Bitcoin (^BTCUSD) up more than +3% at a 1-week high. Galaxy Digital Holdings (GLXY) is up more than +6%, and MARA Holdings (MARA) and Riot Platforms (RIOT) are up more than +5%. Also, Strategy (MSTR) is up more than +4%, and Coinbase Global (COIN) is up more than +3%.
Fertilizer stocks are retreating today, giving back some of this week’s sharp gains. Intrepid Potash (IPI) is down more than -7%, CF Industries Holdings (CF) is down more than -5%, and Mosaic (MOS) is down more than -3%.
Klarna Group Plc (KLAR) is up more than +9% after an SEC filing showed Chairman Morits purchased 3.47 million shares through an associated entity between March 3 and March 11.
Circle Internet Group (CRCL) is up more than +4% after Mizuho Securities raised its price target on the stock to $120 from $100.
Karman Holdings (KRMN) is up more than +3% after Needham & Co issued a buy recommendation on the stock with a price target of $125.
Knight-Swift Transportation Holdings (KNX) is up more than +2% after Citigroup upgraded the stock to buy from neutral with a price target of $64.
Celanese (CE) is up more than +1% after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $70.
Air Products and Chemicals (APD) is up more than +1% after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $325.
EverCommerce (EVCM) is down more than -18% after forecasting Q1 revenue of $145.5 million to $148.5 million, well below the consensus of $151 million.
Ulta Beauty (ULTA) is down more than -9% to lead losers in the S&P 500 after it forecast full-year comparable sales will increase 2.5% to 3.5%, below the consensus of 3.5%.
Adobe (ADBE) is down more than -4% to lead losers in the Nasdaq 100 after CEO Narayen said he will resign and remain in his post until a successor has been appointed.
Meta Platforms (META) is down more than -2% after the New York Times reported that the company’s latest AI model has underperformed expectations and will be delayed.
ServiceTitan (TTAN) is down more than -2% after reporting a Q4 EPS loss of -44 cents, wider than the consensus of -41 cents.
Earnings Reports(3/13/2026)
4D Molecular Therapeutics Inc (FDMT), Actuate Therapeutics Inc (ACTU), AirSculpt Technologies Inc (AIRS), AlTi Global Inc (ALTI), American Vanguard Corp (AVD), Avidity Biosciences Inc (RNAM), Better Home & Finance Holding (BETR), Bit Digital Inc (BTBT), Blue Foundry Bancorp (BLFY), Buckle Inc/The (BKE), CapsoVision Inc (CV), Citizens Inc/TX (CIA), Emerald Holding Inc (EEX), Eve Holding Inc (EVEX), GoHealth Inc (GOCO), Gossamer Bio Inc (GOSS), John Marshall Bancorp Inc (JMSB), LENSAR Inc (LNSR), MeiraGTx Holdings plc (MGTX), NET Lease Office Properties (NLOP), Perma-Fix Environmental Services (PESI), Value Line Inc (VALU), Waldencast plc (WALD).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Retreat From Initial Highs as Oil Prices Rebound

The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.52%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.73%. March E-mini S&P futures (ESH26) fell -1.49%, and March E-mini Nasdaq futures (NQH26) fell -1.75%.
Stocks fell sharply on Thursday as a surge in crude oil prices stoked fears that the war against Iran would crimp global fuel supplies and boost inflation. WTI crude oil prices soared more than +9% on Thursday amid widening disruptions to crude production and transport in the Middle East.
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Stocks extended their losses on Thursday, and crude prices added to their gains on comments from Iran’s Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran’s leverage of closing the Strait of Hormuz should be used, and attacks on Gulf Arab neighbors will continue. He added that Iran will open unspecified “other fronts” in the war if the US and Israel persist with their attacks. Also, comments from President Trump gave crude prices a boost when he said that preventing Iran from having nuclear weapons is "of far greater interest and importance" to him than the cost of oil, a sign that the war in the Middle East isn't close to a de-escalation.
Credit concerns weighed on bank stocks and asset managers on Thursday after Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid investor demand to redeem more than the funds allow. Private credit funds are grappling with a wave of redemption requests amid growing concerns over the quality of their loans. BlackRock last week decided to limit withdrawals, a move that other asset managers have since followed.
Crude oil prices rallied sharply on Thursday despite the IEA members' decision on Wednesday to release 400 million barrels from emergency oil stockpiles. The IEA said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region. UK Defense Secretary Healey said Thursday that it is increasingly evident that Iran is laying mines in the Strait of Hormuz, which could keep the strait closed for the foreseeable future.
Iran’s President Masoud Pezeshkian said his country would need “firm international guarantees against future aggression” to accept a ceasefire as well as reparations. However, comments from President Trump late Wednesday suggest the conflict could continue for weeks when he said that it would be unwise for the US to wind down hostilities too soon.
US economic news on Thursday was mixed for stocks after weekly jobless claims rose less than expected, a sign of labor market strength. Also, Jan housing starts unexpectedly rose to an 11-month high, but Jan building permits fell to a 5-month low.
US weekly initial unemployment claims fell -1,000 to 213,000, showing a stronger labor market than expectations of an increase to 215,000.
US Jan housing starts unexpectedly rose +7.2% m/m to an 11-month high of 1.487 million, stronger than expectations of a decline to 1.341 million. Jan building permits, a proxy for future construction, fell -5.4% m/m to a 5-month low of 1.376 million, weaker than expectations of 1.410 million.
The US Jan trade deficit shrank to -$54.5 billion, narrower than expectations of -$66.0 billion.
Q4 earnings season is nearly over, with more than 98% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 495 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 0% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets settled lower on Thursday. The Euro Stoxx 50 closed down -0.79%. China's Shanghai Composite fell from a 1-week high and closed down -0.10%. Japan's Nikkei Stock 225 closed down -1.04%.
Interest Rates
June 10-year T-notes (ZNM6) on Thursday closed down by -18.5 ticks. The 10-year T-note yield rose +3.9 bp to 4.269%. June T-notes fell to a 5-week low on Thursday, and the 10-year T-note yield climbed to a 5-week high of 4.275%. Thursday’s +9% rally in oil prices raised inflation expectations and undercut T-note prices. Also, concerns that the cost of the ongoing war against Iran will boost the US budget deficit are bearish for T-notes. On the positive side for T-notes on Thursday was strong demand for the Treasury’s $22 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.45, above the 10-auction average of 2.39.
European government bond yields moved higher on Thursday. The 10-year German bund yield rose to a 2.25-year high of 2.962% and finished up +2.5 bp to 2.957%. The 10-year UK gilt yield climbed to a 6.25-month high of 4.800% and finished up +8.7 bp to 4.773%.
The European Union's economy chief, Valdis Dombrovskis, said the inflation rate could surpass 3% this year, and GDP in the Eurozone could be as much as -0.4 points lower if the war in the Middle East causes crude oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period.
Swaps are discounting a 3% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Airline stocks and cruise line operators sold off on Thursday amid a 9% surge in crude oil prices, which are boosting companies’ fuel costs and threatening earnings. Carnival (CCL) and Southwest Airlines (LUV) closed down more than -7%, and Alaska Air Group (ALK) and Royal Caribbean Cruises (RCL) closed down more than -6%. Also, United Airlines Holdings (UAL), Norwegian Cruise Line Holdings (NCLH), and American Airlines Group (AAL) closed down more than -4%. In addition, Delta Airlines (DAL) closed down more than -2%.
Chip stocks retreated on Thursday, weighing on the broader market. Intel (INTC) closed down more than -5%, and Lam Research (LRCX), ARM Holdings Plc (ARM), Microchip Technology (MCHP), and Texas Instruments (TXN) closed down more than -4%. Also, Applied Materials (AMAT), KLA Corp (KLAC), Analog Devices (ADI), Advanced Micro Devices (AMD), Micron Technology (MU), and Marvell Technology (MRVL) closed down more than -3%.
Credit concerns weighed on bank stocks and asset managers on Thursday after Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid investor demand to redeem more than the funds allow. Ares Management (ARES) closed down more than -6%, and
Goldman Sachs (GS) closed down more than -4% to lead losers in the Dow Jones Industrials. Also, Morgan Stanley (MS), KKR & Co (KKR), and Citigroup (C) closed down more than -3%.
The Magnificent Seven technology stocks fell on Thursday, pressuring the broader market. Tesla (TSLA) closed down more than -3%, and Meta Platforms (META) closed down more than -2%. Also, Alphabet (GOOGL), Apple (AAPL), Amazon.com (AMZN), and Nvidia (NVDA) closed down more than -1%, and Microsoft (MSFT) closed down -0.73%.
Fertilizer stocks rallied on Thursday amid supply disruptions from the closure of the Strait of Hormuz. CF Industries Holdings (CF) closed up more than +13% to lead gainers in the S&P 500. Also, Intrepid Potash (IPI) closed up more than +10%, and Mosaic (MOS) closed up more than +7%.
Energy producers and service providers rose on Thursday after crude prices jumped more than +9%. ConocoPhillips (COP), Chevron (CVX), Phillips 66 (PSX), and Valero Energy (VLO) closed up more than -2%. Also, APA Corp (APA), Devon Energy (DVN), Exxon Mobil (XOM), and Marathon Petroleum (MPC) closed up more than +1%.
Netskope (NTSK) closed down more than -21% after forecasting a Q1 adjusted net loss per share of -6 cents to -7 cents, wider than Q4’s -4 cent EPS loss.
G-III Apparel Group Ltd (GIII) closed down more than -11% after reporting Q4 net sales of $771.5 million, below the consensus of $791.8 million.
UiPath (PATH) closed down more than -7% after reporting Q4 subscription revenue of $251.2 million, below the consensus of $252.1 million.
Dollar General (DG) closed down more than -6% after giving an underwhelming 2027 comparable sales forecast of up +2.2% to +2.7%, the midpoint right on the consensus of +2.45%.
GlobalFoundries (GFS) closed down more than -5% after a subsidiary of Mubadala Investment Co. was said to sell as much as $852 million of its stake in the stock overnight at $41.60 to $42.60 per share.
MercadoLibre (MELI) closed down more than -4% after JPMorgan Chase downgraded the stock to neutral from overweight.
LyondellBasell Industries NV (LYB) closed up more than +10% after Citigroup upgraded the stock to buy from neutral with a price target of $76.
Dow Inc. (DOW) closed up more than +9% after Citigroup upgraded the stock to buy from neutral with a price target of $40.
Occidental Petroleum (OXY) closed up more than +5% after Wells Fargo Securities double upgraded the stock to overweight from underweight with a price target of $69.
Earnings Reports(3/13/2026)
4D Molecular Therapeutics Inc (FDMT), Actuate Therapeutics Inc (ACTU), AirSculpt Technologies Inc (AIRS), AlTi Global Inc (ALTI), American Vanguard Corp (AVD), Avidity Biosciences Inc (RNAM), Better Home & Finance Holding (BETR), Bit Digital Inc (BTBT), Blue Foundry Bancorp (BLFY), Buckle Inc/The (BKE), CapsoVision Inc (CV), Citizens Inc/TX (CIA), Emerald Holding Inc (EEX), Eve Holding Inc (EVEX), GoHealth Inc (GOCO), Gossamer Bio Inc (GOSS), John Marshall Bancorp Inc (JMSB), LENSAR Inc (LNSR), MeiraGTx Holdings plc (MGTX), NET Lease Office Properties (NLOP), Perma-Fix Environmental Services (PESI), Value Line Inc (VALU), Waldencast plc (WALD).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Slump on Iran War and Credit Woes

The S&P 500 Index ($SPX) (SPY) today is down -1.22%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.46%. March E-mini S&P futures (ESH26) are down -1.20%, and March E-mini Nasdaq futures (NQH26) are down -1.40%.
Stocks are under pressure today as crude oil prices keep rising amid widening disruptions to production and transport in the Middle East. WTI crude oil prices are up more than +9% today after Iraq suspended oil terminal activity following an attack by Iran on two tankers. Oman also temporarily evacuated a key oil export hub at Mina Al Fahal, and Iran escalated attacks on Dubai.
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Stocks extended their losses today, and crude prices added to their gains on comments from Iran’s Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran’s leverage of closing the Strait of Hormuz should be used and attacks on Gulf Arab neighbors will continue. He added that Iran will open unspecified “other fronts” in the war if the US and Israel persist with their attacks.
Credit concerns are weighing on bank stocks and asset managers today after Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid investor demand to redeem more than the funds allow. Private credit funds are grappling with a wave of redemption requests amid growing concerns over the quality of their loans. BlackRock last week decided to limit withdrawals, a move that other asset managers have since followed.
Crude oil prices are moving higher today despite the IEA members' decision on Wednesday to release 400 million barrels from emergency oil stockpiles. The IEA said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.
Iran’s President Masoud Pezeshkian said his country would need “firm international guarantees against future aggression” to accept a ceasefire as well as reparations. However, comments from President Trump late Wednesday suggest the conflict could continue for weeks when he said that it would be unwise for the US to wind down hostilities too soon.
US economic news today was mixed for stocks after weekly jobless claims rose less than expected, a sign of labor market strength. Also, Jan housing starts unexpectedly rose to an 11-month high, but Jan building permits fell to a 5-month low.
US weekly initial unemployment claims fell -1,000 to 213,000, showing a stronger labor market than expectations of an increase to 215,000.
US Jan housing starts unexpectedly rose +7.2% m/m to an 11-month high of 1.487 million, stronger than expectations of a decline to 1.341 million. Jan building permits, a proxy for future construction, fell -5.4% m/m to a 5-month low of 1.376 million, weaker than expectations of 1.410 million.
The US Jan trade deficit shrank to -$54.5 billion, narrower than expectations of -$66.0 billion.
Q4 earnings season is nearly over, with more than 95% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 492 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 0% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets are lower. The Euro Stoxx 50 is down -1.30%. China's Shanghai Composite fell from a 1-week high and closed down -0.10%. Japan's Nikkei Stock 225 closed down -1.04%.
Interest Rates
June 10-year T-notes (ZNM6) are down by -8 ticks. The 10-year T-note yield is up +1.4 bp to 4.243%. June T-notes fell to a 5-week low today, and the 10-year T-note yield climbed to a 5-week high of 4.249%. Today’s +9% rally in oil prices is raising inflation expectations and undercutting T-note prices. Also, concerns that the cost of the ongoing war against Iran will boost the US budget deficit are bearish for T-notes. In addition, supply pressures are weighing on T-notes as the Treasury will auction $22 billion of 30-year bonds later today.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 2.25-year high of 2.962% and is up +1.6 bp to 2.948%. The 10-year UK gilt yield is up +9.7 bp to 4.784%.
The European Union's economy chief, Valdis Dombrovskis, said the inflation rate could surpass 3% this year and GDP in the Eurozone could be as much as -0.4 points lower if the war in the Middle East causes crude oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period.
Swaps are discounting a 3% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Airline stocks and cruise line operators are falling today due to the 8% surge in crude oil prices, which are boosting companies’ fuel costs and threatening earnings. Carnival (CCL) and Royal Caribbean Cruises (RCL) are down more than -6%, and United Airlines Holdings (UAL) is down more than -4%. Also, Norwegian Cruise Line Holdings (NCLH), American Airlines Group (AAL), Alaska Air Group (ALK), and Southwest Airlines (LUV) are down more than -3%. In addition, Delta Airlines (DAL) is down more than -2%.
Chip stocks are sliding today, weighing on the broader market. Lam Research (LRCX), Applied Materials (AMAT), ARM Holdings Plc (ARM), Micron Technology (MU), and Intel (INTC) are down more than -4%. Also, ASML Holding NV (ASML), Analog Devices (ADI), Advanced Micro Devices (AMD), KLA Corp (KLAC), Microchip Technology (MCHP), and Texas Instruments (TXN) are down more than -3%.
Credit concerns are weighing on bank stocks and asset managers today after Morgan Stanley and Cliffwater LLC capped withdrawals from their private credit funds amid investor demand to redeem more than the funds allow. Morgan Stanley (MS) and KKR & Co (KKR) are down more than -4%. Also, Goldman Sachs (GS) is down more than -3% to lead losers in the Dow Jones Industrials. In addition, Citigroup (C) and Ares Management (ARES) are down more than -3%.
Fertilizer stocks are climbing today amid supply disruptions from the closure of the Strait of Hormuz. CF Industries Holdings (CF) is up more than +10% to lead gainers in the S&P 500. Also, Intrepid Potash (IPI) is up more than +8%, and Mosaic (MOS) is up more than +5%.
Netskope (NTSK) is down more than -24% after forecasting a Q1 adjusted net loss per share of -6 cents to -7 cents, wider than Q4’s -4 cent EPS loss.
G-III Apparel Group Ltd (GIII) is down more than -12% after reporting Q4 net sales of $771.5 million, below the consensus of $791.8 million.
GlobalFoundries (GFS) is down more than -6% after a subsidiary of Mubadala Investment Co. was said to sell as much as $852 million of its stake in the stock overnight at $41.60 to $42.60 per share.
Dollar General (DG) is down more than -5% after giving an underwhelming 2027 comparable sales forecast of up +2.2% to +2.7%, the midpoint right on the consensus of +2.45%.
UiPath (PATH) is down more than -5% after reporting Q4 subscription revenue of $251.2 million, below the consensus of $252.1 million.
MercadoLibre (MELI) is down more than -5% to lead losers in the Nasdaq 100 after JPMorgan Chase downgraded the stock to neutral from overweight.
Dow Inc. (DOW) is up more than +6% after Citigroup upgraded the stock to buy from neutral with a price target of $40.
LyondellBasell Industries NV (LYB) is up more than +5% after Citigroup upgraded the stock to buy from neutral with a price target of $76.
Occidental Petroleum (OXY) is up more than +4% after Wells Fargo Securities double upgraded the stock to overweight from underweight with a price target of $69.
Atlassian Corp (TEAM) is up more than +2% after announcing a restructuring that will eliminate about 10% of its workforce. UBS upgraded the stock to buy from neutral with a price target of $97.
Earnings Reports(3/12/2026)
Dollar General Corp (DG), Ulta Beauty Inc (ULTA), Lennar Corp (LEN), Adobe Inc (ADBE).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Retreat Amid Rising Crude Prices and Credit Worries

The S&P 500 Index ($SPX) (SPY) today is down -0.88%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.03%. March E-mini S&P futures (ESH26) are down -0.97%, and March E-mini Nasdaq futures (NQH26) are down -1.10%.
Stocks are under pressure today as crude oil prices keep rising amid widening disruptions to production and transport in the Middle East. WTI crude oil prices are up more than +8% today after Iraq suspended oil terminal activity following an attack by Iran on two tankers. Oman also temporarily evacuated a key oil export hub at Mina Al Fahal, and Iran escalated attacks on Dubai. Crude prices extended their gains today on comments from Iran’s Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran’s leverage of closing the Strait of Hormuz should be used and attacks on Gulf Arab neighbors will continue.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Crude oil prices are moving higher today despite the IEA members' decision on Wednesday to release 400 million barrels from emergency oil stockpiles. The IEA said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.
Iran’s President Masoud Pezeshkian said that his country would need “firm international guarantees against future aggression” to accept a ceasefire as well as reparations. However, comments from President Trump late Wednesday suggest the conflict could continue for weeks when he said that it would be unwise for the US to wind down hostilities too soon.
US economic news today was mixed for stocks after weekly jobless claims rose less than expected, a sign of labor market strength. Also, Jan housing starts unexpectedly rose to an 11-month high, but Jan building permits fell to a 5-month low.
US weekly initial unemployment claims fell -1,000 to 213,000, showing a stronger labor market than expectations of an increase to 215,000.
US Jan housing starts unexpectedly rose +7.2% m/m to an 11-month high of 1.487 million, stronger than expectations of a decline to 1.341 million. Jan building permits, a proxy for future construction, fell -5.4% m/m to a 5-month low of 1.376 million, weaker than expectations of 1.410 million.
The US Jan trade deficit shrank to -$54.5 billion, narrower than expectations of -$66.0 billion.
Q4 earnings season is nearly over, with more than 95% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 74% of the 492 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 0% chance for a -25 bp FOMC rate cut at the next policy meeting on March 17-18.
Overseas stock markets are lower. The Euro Stoxx 50 is down -0.86%. China's Shanghai Composite fell from a 1-week high and closed down -0.10%. Japan's Nikkei Stock 225 closed down -1.04%.
Interest Rates
June 10-year T-notes (ZNM6) are down by -9 ticks. The 10-year T-note yield is up +1.6 bp to 4.245%. June T-notes fell to a 5-week low today, and the 10-year T-note yield climbed to a 5-week high of 4.249%. Today’s +8% rally in oil prices is raising inflation expectations and undercutting T-note prices. Also, concerns that the cost of the ongoing war against Iran will boost the US budget deficit are bearish for T-notes. In addition, supply pressures are weighing on T-notes as the Treasury will auction $22 billion of 30-year bonds later today.
European government bond yields are mixed today. The 10-year German bund yield rose to a 2.25-year high of 2.958% and is up +1.2 bp to 2.944%. The 10-year UK gilt yield is up +5.3 bp to 4.739%.
The European Union's economy chief, Valdis Dombrovskis, said the inflation rate could surpass 3% this year and GDP in the Eurozone could be as much as -0.4 points lower if the war in the Middle East causes crude oil prices to remain around $100 per barrel and gas prices stay elevated for an extended period.
Swaps are discounting a 4% chance of a -25 bp ECB rate hike at its next policy meeting on March 19.
US Stock Movers
Airline stocks and cruise line operators are falling today due to the 8% surge in crude oil prices, which are boosting companies’ fuel costs and threatening earnings. Carnival (CCL), Royal Caribbean Cruises (RCL), Norwegian Cruise Line Holdings (NCLH), United Airlines Holdings (UAL), American Airlines Group (AAL), Alaska Air Group (ALK), and Southwest Airlines (LUV) are down more than -3%. Also, Delta Airlines (DAL) is down more than -2%.
Chip stocks are sliding today, weighing on the broader market. Lam Research (LRCX), Applied Materials (AMAT), and Micron Technology (MU) are down more than -3%. Also, ASML Holding NV (ASML), Intel (INTC), Analog Devices (ADI), Advanced Micro Devices (AMD), KLA Corp (KLAC), ARM Holdings Plc (ARM), Microchip Technology (MCHP), and Texas Instruments (TXN) are down more than -2%.
Fertilizer stocks are climbing today amid supply disruptions from the closure of the Strait of Hormuz. CF Industries Holdings (CF) is up more than +7% to lead gainers in the S&P 500. Also, Intrepid Potash (IPI) and Mosaic (MOS) are up more than +4%.
Netskope (NTSK) is down more than -22% after forecasting a Q1 adjusted net loss per share of -6 cents to -7 cents, wider than Q4’s -4 cent EPS loss.
G-III Apparel Group Ltd (GIII) is down more than -14% after reporting Q4 net sales of $771.5 million, below the consensus of $791.8 million.
Dollar General (DG) is down more than -7% to lead losers in the S&P 500 after giving an underwhelming 2027 comparable sales forecast of up +2.2% to +2.7%, the midpoint right on the consensus of +2.45%.
UiPath (PATH) is down more than -5% after reporting Q4 subscription revenue of $251.2 million, below the consensus of $252.1 million.
MercadoLibre (MELI) is down more than -4% to lead losers in the Nasdaq 100 after JPMorgan Chase downgraded the stock to neutral from overweight.
GlobalFoundries (GFS) is down more than -4% after a subsidiary of Mubadala Investment Co. was said to sell as much as $852 million of its stake in the stock overnight at $41.60 to $42.60 per share.
Dow Inc. (DOW) is up more than +6% after Citigroup upgraded the stock to buy from neutral with a price target of $40.
Atlassian Corp (TEAM) is up more than +4% after announcing a restructuring that will eliminate about 10% of its workforce. UBS upgraded the stock to buy from neutral with a price target of $97.
Occidental Petroleum (OXY) is up more than +3% after Wells Fargo Securities double upgraded the stock to overweight from underweight with a price target of $69.
LyondellBasell Industries NV (LYB) is up more than +3% after Citigroup upgraded the stock to buy from neutral with a price target of $76.
Earnings Reports(3/12/2026)
Dollar General Corp (DG), Ulta Beauty Inc (ULTA), Lennar Corp (LEN), Adobe Inc (ADBE).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	48.03 32.97
Price/Sales	14.53 2.74
P/B	28.84 2.91
P/FCF	35.16 25.15

Indicator	TTM Median
ROE	62.59 15.26
ROA	29.38 6.61
ROI	45.50 10.28
Net Worth	295.11 1.11
Quick Ratio	1.61 1.59
Current Ratio	2.26 1.88

Indicator	TTM Median
Net Profit Margin	30.22 9.90
Operating Margin	33.76 11.51
Gross Margin	49.81 49.81
Return on tangible equity	76.68 28.81

Indicator	TTM Median
EPS	1.27 0.26
EPS Forecast	1.17 0.23
Revenue	5.35B 74.00M
Gross Profit	2.65B —
EBITDA	1.91B —

Lam Research Corporation

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue