Cloudflare, Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, значительно упал. Медведи в растерянности.

Strong index, significantly down. The bears are confused.

Средний индекс, значительно вырос. Рынок на стороне быков.

Medium index, significantly up. The market is on the bulls' side.

Слабый индекс, значительно упал. Рынок не поддерживает медведей.

Weak index, significantly down. The market does not support the bears.

Слабый индекс, незначительно вырос

Слабый индекс, незначительно упал

Cloud computing stocks have been among Wall Street’s strongest performers in 2026, driven by the rapid expansion of artificial intelligence (AI), enterprise digital transformation and rising demand for computing infrastructure. Businesses are accelerating cloud adoption to support AI models, data analytics and cybersecurity, while governments and large enterprises continue migrating critical workloads to the cloud. Investors have rewarded companies exposed to these long-term structural trends. Alphabet Inc. GOOGL, Cisco Systems, Inc. CSCO and Cloudflare, Inc. NET are three such stocks that have been making the most of the current environment.
The sector has also benefited from heavy spending on data centers and AI infrastructure. Enterprises are increasing capital expenditure to build more powerful cloud environments capable of handling generative AI applications, creating a strong outlook for cloud-related revenue. Meanwhile, easing concerns over interest rates have supported high-growth technology stocks, as lower financing costs improve the valuation of companies expected to deliver robust earnings growth over the coming years.
Another key catalyst has been the improving corporate spending environment. Companies that delayed technology investments amid economic uncertainty are once again committing budgets to cloud migration, automation and software modernization. Recurring subscription-based revenue, high customer retention and expanding demand for cloud-native applications have strengthened investor confidence that the industry's growth can remain resilient even if the broader economy slows.
Investors looking ahead to August may find the sector attractive because several near-term catalysts remain in place, including continued AI-related spending, ongoing enterprise cloud adoption and a busy earnings season that could reinforce expectations for sustained revenue growth. Although valuations have become richer after this year's rally, cloud computing remains one of the market's most compelling long-term investment themes, supported by durable demand, expanding digital infrastructure and the central role cloud platforms play in the global AI revolution.
Our Choices
The stocks below flaunt a Zacks Rank #1 (Strong Buy) or Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Alphabet, a Zacks Rank #2 company, is a leading cloud-computing provider through Google Cloud, offering AI infrastructure, Vertex AI, Gemini Enterprise, cybersecurity, data analytics and Google Workspace. Its expanding cloud platform is a key driver of enterprise digital transformation and AI adoption worldwide. GOOGL’s expected earnings growth rate for the current year is 64.8%. The Zacks Consensus Estimate for its current-year earnings has improved 24.6% over the past 60 days. Its shares have gained 4.3% year to date.
Cisco, a Zacks Rank #2 company, provides cloud networking and infrastructure solutions, enabling secure data centers, hybrid and multi-cloud environments, cybersecurity, observability and collaboration. Its technologies help enterprises modernize networks, strengthen cloud security and accelerate digital transformation worldwide. CSCO’s expected earnings growth rate for the current year is 12.3%. The Zacks Consensus Estimate for its next-year earnings has improved 1.5% over the past 60 days. Its shares have surged 48.7% year to date.
Cloudflare, a Zacks Rank #1 company, provides cloud-native networking, security and developer services, helping businesses secure applications, optimize performance and deploy AI-powered workloads across public, private and hybrid cloud environments through its global cloud platform. NET’s expected earnings growth rate for the current year is 30.1%. The Zacks Consensus Estimate for its next-year earnings has improved 9.9% over the past 60 days. Its shares have soared 34.7% year to date.
Bottom Line
Cloud computing remains one of the most compelling long-term investment themes as AI adoption, enterprise digital transformation and rising infrastructure spending continue to fuel demand. With strong earnings growth prospects, improving analyst estimates and favorable Zacks Ranks, Alphabet, Cisco and Cloudflare appear well-positioned to benefit from the sector's momentum heading into August and beyond.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Top Cloud Computing Stocks Worth Buying Before August

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares US Technology ETF (Symbol: IYW) where we have detected an approximate $328.4 million dollar outflow -- that's a 1.3% decrease week over week (from 100,700,000 to 99,350,000). Among the largest underlying components of IYW, in trading today Oracle Corp (Symbol: ORCL) is off about 1.7%, Snowflake Inc (Symbol: SNOW) is up about 0.6%, and CloudFlare Inc (Symbol: NET) is lower by about 1.1%. For a complete list of holdings, visit the IYW Holdings page » The chart below shows the one year price performance of IYW, versus its 200 day moving average:
Looking at the chart above, IYW's low point in its 52 week range is $172.542 per share, with $261.01 as the 52 week high point — that compares with a last trade of $239.85. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further IYW Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IYW, ORCL, SNOW, NET: Large Outflows Detected at ETF

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.14%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.54%. September E-mini S&P futures (ESU26) fell -0.07%, and September E-mini Nasdaq futures (NQU26) fell -0.48%.
Stock indexes fell on Wednesday as soaring crude prices pushed bond yields higher, weighing on stocks. WTI crude oil (CLU26) rose more than +2% on Wednesday to a 6-week high after the US and Iran played down the prospects of peace talks as disruptions to global oil supplies continued to mount. The 10-year T-note yield climbed to a 2-month high of 4.66% on Wednesday amid rising crude oil prices.
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The weakness in software and cybersecurity stocks on Wednesday also weighed on equities. The markets are waiting for earnings results after Wednesday’s close from Alphabet to see evidence that the company’s investments in artificial intelligence are generating returns, as it plans to more than double capital spending from 2025 to as much as $190 billion this year. On the positive side, most chipmakers strengthened, and energy producers and service providers moved higher with Wednesday’s rally in WTI crude oil to a 6-week high.
The US conducted an 11th straight day of attacks against Iran on Wednesday in an effort to degrade the country's ability to threaten commercial shipping in the Strait of Hormuz. Iran retaliated by striking US bases in Bahrain, Kuwait, and Jordan. President Trump said on Tuesday that the US has “no interest” in meeting with Iran until they are ready for serious peace negotiations.
Also, the Joint Maritime Information Center, a monitoring body for naval security, said on Wednesday that the Iran-backed Houthi rebels have deployed missiles and drones in preparation for attacks on shipping in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesday that if there is a blockade in the Red Sea, the US “will take care of it.”
US MBA mortgage applications rose +1.9% in the week ended July 17, with the purchase mortgage sub-index up +5.5% and the refinancing mortgage sub-index down -2.4%. The average 30-year fixed rate mortgage rose +4 bp to an 11-month high of 6.69% from 6.65% in the prior week.
The outlook for strong Q2 earnings, which begin in earnest this week, is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive as 89% of the S&P 500 companies that reported Q2 earnings results have beaten estimates, according to data compiled by Bloomberg.
The markets are discounting a 34% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 climbed to a 2-week high and closed up +0.50%. China's Shanghai Composite closed up +0.07%. Japan's Nikkei-225 Stock Average closed down -0.18%.
Interest Rates
September 10-year T-notes (ZNU6) on Wednesday closed down -7 ticks, and the 10-year T-note yield rose +3.3 bp to 4.661%. Sep T-notes tumbled to a 17-month nearest-futures low on Wednesday, and the 10-year T-note yield rose to a 2-month high of 4.663%. T-notes retreated on Wednesday as WTI crude oil prices rose more than +2% to a 6-week high, which raised inflation expectations and is a hawkish factor for Fed policy. The 10-year breakeven inflation rate rose to a 1-week high of 2.290% on Wednesday. Also, tepid demand for the Treasury’s $13 billion auction of 20-year T-bonds weighed on T-note prices as the auction had a bid-to-cover ratio of 2.64, below the 10-auction average of 2.65.
European government bond yields moved higher on Wednesday. The 10-year German bund yield rose to a 2-month high of 3.192% and finished up +0.8 bp to 3.171%. The 10-year UK gilt yield climbed to a 2-month high of 5.065% and finished up +0.4 bp to 5.034%.
UK Jun CPI eased to +2.6% y/y from +3.8% y/y in May, weaker than expectations of +2.7% y/y and the slowest pace of increase in 15 months. However, Jun core CPI was unchanged from May at +2.6% y/y, stronger than the +2.5% y/y expected.
Swaps are discounting a 5% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Software stocks are under pressure today, weighing on the broader market. ServiceNow (NOW) and Palantir Technologies (PLTR) closed down more than -6%, and Workday (WDAY) closed down more than -6% to lead losers in the Nasdaq 100. Also, Atlassian Corp (TEAM) closed down more than -5%, and Salesforce (CRM) closed down more than -4% to lead losers in the Dow Jones Industrials. In addition, Adobe Systems (ADBE), Datadog (DDOG), Autodesk (ADSK), and Thomson Reuters (TRI) closed down more than -3%, and Microsoft (MSFT) closed down more than -2%.
Cybersecurity stocks moved lower on Wednesday. Zscaler (ZS) closed down more than -4%, and Okta (OKTA) closed down more than -3%. Also, CrowdStrike Holdings (CRWD), Palo Alto Networks (PANW), Fortinet (FTNT), and Cloudflare (NET) closed down more than -1%.
Chipmakers and AI infrastructure stocks strengthened on Wednesday. Broadcom (AVGO) and NXP Semiconductors NV (NXPI) closed up more than +2%, and Nvidia (NVDA) closed up more than +2% to lead gainers in the Dow Jones Industrials. Also, Advanced Micro Devices (AMD), Seagate Technology Holdings Plc (STX), Analog Devices (ADI), Western Digital (WDC), Marvell Technology (MRVL), and Qualcomm (QCOM) closed up more than +1%.
Energy stocks and service providers moved higher on Wednesday as WTI crude oil rose more than +2% to a 6-week high. SLB Ltd (SLB) closed up more than +2%, and ConocoPhillips (COP), Devon Energy (DVN), Diamondback Energy (FANG), Occidental Petroleum (OXY), APA Corp (APA), and Chevron (CVX) closed up more than +1%.
Pegasystems (PEGA) closed down more than -16% after reporting Q1 adjusted EPS of 35 cents, weaker than the consensus of 44 cents.
GE Vernova (GEV) closed down more than -8% to lead losers in the S&P 500 after reporting Q2 adjusted Ebitda of $1.25 billion, below the consensus of $1.29 billion.
Reddit (RDDT) closed down more than -8% after the Wall Street Journal reported that the company has discussed cutting off Google’s access to its content for AI use.
TE Connectivity Plc (TEL) closed down more than -4% after announcing it entered into a definitive agreement to acquire Astrodyne TDI for about $1.4 billion.
Chubb Ltd (CB) closed down more than -3% after reporting Q2 net premiums written were $14.71 billion, below the consensus of $14.98 billion.
Northern Trust Corp (NTRS) closed down more than -3% after reporting Q2 non-interest expenses of $1.64 billion, higher than the consensus of $1.51 billion.
Super Micro Computer (SMCI) closed up more than +19% to lead gainers in the S&P 500 after saying its backlog rose to record levels at the end of 2026 with total new orders in excess of $60 billion received during Q4.
Westinghouse Air Brake Technologies (WAB) closed up more than +10% after reporting Q2 net sales of $3.18 billion, better than the consensus of $3.07 billion, and raising its full-year sales forecast to $12.30 billion to $12.60 billion from a previous estimate of $12.19 billion to $12.49 billion.
EQT Corp (EQT) closed up more than +8% after reporting Q2 adjusted Ebitda of $1.20 billion, better than the consensus of $1.11 billion.
CME Group (CME) closed up +5% after reporting Q2 adjusted EPS of $2.99, stronger than the consensus of $2.90.
DigitalOcean Holdings (DOCN) closed up more than +4% after Stifel upgraded the stock to buy from hold with a price target of $160.
CoreWeave (CRWV) closed up more than +3% after Truist Securities upgraded the stock to buy from hold with a price target of $126.
AT&T (T) closed up more than +3% after reporting Q2 wireless postpaid phone net additions of +432,000, well above the consensus of +325,264.
Earnings Reports(7/23/2026)
Albertsons Cos Inc (ACI), Allegion plc (ALLE), American Airlines Group Inc (AAL), Ameriprise Financial Inc (AMP), Appfolio Inc (APPF), Blackstone Inc (BX), Boyd Gaming Corp (BYD), Cleveland-Cliffs Inc (CLF), Columbia Banking System Inc (COLB), Comcast Corp (CMCSA), Comfort Systems USA Inc (FIX), Deckers Outdoor Corp (DECK), Digital Realty Trust Inc (DLR), Dover Corp (DOV), Dow Inc (DOW), Edwards Lifesciences Corp (EW), First Citizens BancShares Inc/ (FCNCA), Freeport-McMoRan Inc (FCX), Honeywell International Inc (HON), Huntington Bancshares Inc/OH (HBAN), Intel Corp (INTC), Kinsale Capital Group Inc (KNSL), Lazard Inc (LAZ), Lockheed Martin Corp (LMT), Nasdaq Inc (NDAQ), Newmont Corp (NEM), Norfolk Southern Corp (NSC), NVR Inc (NVR), Old Republic International Cor (ORI), Ovintiv Inc (OVV), PG&E Corp (PCG), Pool Corp (POOL), Popular Inc (BPOP), Quest Diagnostics Inc (DGX), Rexford Industrial Realty Inc (REXR), RingCentral Inc (RNG), Robert Half Inc (RHI), Roper Technologies Inc (ROP), RTX Corp (RTX), Ryder System Inc (R), SLM Corp (SLM), Snap-on Inc (SNA), SOUTHSTATE BANK CORP (SSB), SS&C Technologies Holdings Inc (SSNC), Summit Therapeutics Inc (SMMT), Thermo Fisher Scientific Inc (TMO), T-Mobile US Inc (TMUS), Tractor Supply Co (TSCO), Union Pacific Corp (UNP), VeriSign Inc (VRSN), Viking Therapeutics Inc (VKTX), West Pharmaceutical Services Inc (WST).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Lower as Crude Oil Prices Jump

The S&P 500 Index ($SPX) (SPY) today is down -0.09%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.29%. September E-mini S&P futures (ESU26) are down -0.07%, and September E-mini Nasdaq futures (NQU26) are down -0.22%.
Stock indexes are under modest today amid weakness in software and cybersecurity stocks. The markets are waiting for earnings results after the close today from Alphabet to see evidence that the company’s investments in artificial intelligence are generating returns, as it plans to more than double capital spending from 2025 to as much as $190 billion this year. On the positive side, energy producers and service providers are moving higher with today’s rally in WTI crude oil to a 6-week high.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Soaring WTI crude oil (CLU26) prices are also pushing bond yields higher and are weighing on stocks. Crude oil is up more than +2% today to a 6-week high after the US and Iran played down the prospects of peace talks as disruptions to global oil supplies continued to mount. The 10-year T-note yield climbed to a 2-month high of 4.66% today amid rising crude oil prices.
The US conducted an 11th straight day of attacks on Iran today in an effort to degrade the country's ability to threaten commercial shipping in the Strait of Hormuz. Iran retaliated by striking US bases in Bahrain, Kuwait, and Jordan. President Trump said on Tuesday that the US has “no interest” in meeting with Iran until they are ready for serious peace negotiations.
Also, the Joint Maritime Information Center, a monitoring body for naval security, said the Iran-backed Houthi rebels have deployed missiles and drones in preparation for attacks on shipping in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesday that if there is a blockade in the Red Sea, the US “will take care of it.”
US MBA mortgage applications rose +1.9% in the week ended July 17, with the purchase mortgage sub-index up +5.5% and the refinancing mortgage sub-index down -2.4%. The average 30-year fixed rate mortgage rose +4 bp to an 11-month high of 6.69% from 6.65% in the prior week.
The outlook for strong Q2 earnings, which begin in earnest this week, is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive as 91% of the S&P 500 companies that reported Q2 earnings results have beaten estimates, according to data compiled by Bloomberg.
The markets are discounting a 34% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are mixed today. The Euro Stoxx 50 climbed to a 2-week high and is up +0.55%. China's Shanghai Composite closed up +0.07%. Japan's Nikkei-225 Stock Average closed down -0.18%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -7 ticks, and the 10-year T-note yield is up +2.6 bp at 4.655%. Sep T-notes tumbled to a 17-month nearest-futures low today, and the 10-year T-note yield rose to a 2-month high of 4.659%. T-notes are sliding today, with WTI crude oil prices up more than +2% to a 6-week high, which raises inflation expectations and is a hawkish factor for Fed policy. The 10-year breakeven inflation rate rose to a 1-week high of 2.288% today. Also, supply pressures are weighing on T-notes as the Treasury will auction $13 billion of 20-year T-bonds later today.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 2-month high of 3.192% and is up +2.1 bp to 3.184%. The 10-year UK gilt yield climbed to a 2-month high of 5.065% and is up +2.4 bp to 5.054%.
UK Jun CPI eased to +2.6% y/y from +3.8% y/y in May, weaker than expectations of +2.7% y/y and the slowest pace of increase in 15 months. However, Jun core CPI was unchanged from May at +2.6% y/y, stronger than the +2.5% y/y expected.
Swaps are discounting a 5% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Software stocks are under pressure today, weighing on the broader market. Atlassian Corp (TEAM) is down more than -5%, and Workday (WDAY) is down more than -5% to lead losers in the Nasdaq 100. Also, ServiceNow (NOW) and Palantir Technologies (PLTR) are down more than -4%, and Salesforce (CRM) is down more than -3% to lead losers in the Dow Jones Industrials. In addition, Datadog (DDOG) and Autodesk (ADSK) are down more than -3%, and Microsoft (MSFT) and Adobe Systems (ADBE) are down more than -2%.
Cybersecurity stocks are sliding today. Zscaler (ZS) is down more than -3%, and CrowdStrike Holdings (CRWD), Palo Alto Networks (PANW), Okta (OKTA), and Fortinet (FTNT) are down more than -2%. Also, Cloudflare (NET) is down more than -1%.
Energy stocks and service providers are climbing today, with WTI crude oil up more than +2% to a 6-week high. Devon Energy (DVN), Diamondback Energy (FANG), Occidental Petroleum (OXY),
and SLB Ltd (SLB) are up more than +2%. Also, APA Corp (APA), Baker Hughes (BKR), Chevron (CVX), and ConocoPhillips (COP) are up more than +1%.
Pegasystems (PEGA) is down more than -13% after reporting Q1 adjusted EPS of 35 cents, weaker than the consensus of 44 cents.
Reddit (RDDT) is down more than -9% after the Wall Street Journal reported that the company has discussed cutting off Google’s access to its content for AI use.
GE Vernova (GEV) is down more than -6% to lead losers in the S&P 500 after reporting Q2 adjusted Ebitda of $1.25 billion, below the consensus of $1.29 billion.
TE Connectivity Plc (TEL) is down more than -6% after announcing it entered into a definitive agreement to acquire Astrodyne TDI for about $1.4 billion.
Chubb Ltd (CB) is down more than -3% after reporting Q2 net premiums written were $14.71 billion, below the consensus of $14.98 billion.
Northern Trust Corp (NTRS) is down more than -3% after reporting Q2 non-interest expenses of $1.64 billion, higher than the consensus of $1.51 billion.
Cal-Maine Foods (CALM) is down more than -2% after reporting Q4 net sales of $552.6 million, weaker than the consensus of $594.5 million.
Super Micro Computer (SMCI) is up more than +24% to lead gainers in the S&P 500 after saying its backlog rose to record levels at the end of 2026 with total new orders in excess of $60 billion received during Q4.
Westinghouse Air Brake Technologies (WAB) is up more than +10% after reporting Q2 net sales of $3.18 billion, better than the consensus of $3.07 billion, and raising its full-year sales forecast to $12.30 billion to $12.60 billion from a previous estimate of $12.19 billion to $12.49 billion.
CoreWeave (CRWV) is up more than +5% to lead gainers in the Nasdaq 10 after Truist Securities upgraded the stock to buy from hold with a price target of $126.
AT&T (T) is up more than +3% after reporting Q2 wireless postpaid phone net additions of +432,000, well above the consensus of +325,264.
DigitalOcean Holdings (DOCN) is up more than +3% after Stifel upgraded the stock to buy from hold with a price target of $160.
Oklo (OKLO) is up more than +2%, and X-Energy (XE) is up more than +1% after Bloomberg News reported that the companies will join the US program to speed up development of new power plants for artificial intelligence data centers.
Teledyne (TDY) is up more than +2% after reporting Q2 adjusted EPS of $6.28, well above the consensus of $5.79, and raising its full-year adjusted EPS estimate to $24.45 to $24.65 from a previous estimate of $23.85 to $24.15, above the consensus of $24.18.
Earnings Reports(7/22/2026)
Alphabet Inc (GOOGL), AT&T Inc (T), AvalonBay Communities Inc (AVB), CME Group Inc (CME), Crown Castle Inc (CCI), CSX Corp (CSX), EastGroup Properties Inc (EGP), Equity LifeStyle Properties Inc (ELS), Equity Residential (EQR), First American Financial Corp (FAF), First Industrial Realty Trust (FR), GE Vernova Inc (GEV), Globe Life Inc (GL), Graco Inc (GGG), International Business Machine (IBM), Iridium Communications Inc (IRDM), Kinder Morgan Inc (KMI), Knight-Swift Transportation Ho (KNX), Las Vegas Sands Corp (LVS), Medpace Holdings Inc (MEDP), Molina Healthcare Inc (MOH), Moody's Corp (MCO), Northern Trust Corp (NTRS), Otis Worldwide Corp (OTIS), Packaging Corp of America (PKG), Philip Morris International Inc (PM), Pinnacle Financial Partners In (PNFP), PulteGroup Inc (PHM), QuantumScape Corp (QS), Raymond James Financial Inc (RJF), Reliance Inc (RS), RenaissanceRe Holdings Ltd (RNR), RLI Corp (RLI), Rollins Inc (ROL), RPM International Inc (RPM), SEI Investments Co (SEIC), ServiceNow Inc (NOW), Sonoco Products Co (SON), Southwest Airlines Co (LUV), Stifel Financial Corp (SF), TE Connectivity PLC (TEL), Teledyne Technologies Inc (TDY), Tesla Inc (TSLA), Texas Instruments Inc (TXN), Travel + Leisure Co (TNL), Westinghouse Air Brake Technol (WAB), WEX Inc (WEX), Wyndham Hotels & Resorts Inc (WH).
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.

Stock Indexes Mixed Ahead of Alphabet’s Earnings

The S&P 500 Index ($SPX) (SPY) today is down -0.13%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.48%. September E-mini S&P futures (ESU26) are down -0.10%, and September E-mini Nasdaq futures (NQU26) are down -0.47%.
Stock indexes are under pressure today amid weakness in software and cybersecurity stocks. The markets are waiting for earnings results after the close today from Alphabet to see evidence that the company’s investments in artificial intelligence are generating returns, as it plans to more than double capital spending from 2025 to as much as $190 billion this year.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Soaring WTI crude oil (CLU26) prices are also pushing bond yields higher and are weighing on stocks. Crude oil is up more than +2% today to a 6-week high after the US and Iran played down the prospects of peace talks as disruptions to global oil supplies continued to mount. The 10-year T-note yield climbed to a 2-month high of 4.65% today amid rising crude oil prices.
The US conducted an 11th straight day of attacks on Iran today in an effort to degrade the country's ability to threaten commercial shipping in the Strait of Hormuz. Iran retaliated by striking US bases in Bahrain, Kuwait, and Jordan. President Trump said on Tuesday that the US has “no interest” in meeting with Iran until they are ready for serious peace negotiations.
Also, the Joint Maritime Information Center, a monitoring body for naval security, said the Iran-backed Houthi rebels have deployed missiles and drones in preparation for attacks on shipping in the Red Sea. The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports. The move threatens Saudi oil exports from Yanbu, a Red Sea hub that the Saudi's are using to ship crude since the war brought shipping through the Strait of Hormuz to a near halt. President Trump said Tuesday that if there is a blockade in the Red Sea, the US “will take care of it.”
US MBA mortgage applications rose +1.9% in the week ended July 17, with the purchase mortgage sub-index up +5.5% and the refinancing mortgage sub-index down -2.4%. The average 30-year fixed rate mortgage rose +4 bp to an 11-month high of 6.69% from 6.65% in the prior week.
The outlook for strong Q2 earnings, which begin in earnest this week, is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive as 91% of the S&P 500 companies that reported Q2 earnings results have beaten estimates, according to data compiled by Bloomberg.
The markets are discounting a 26% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are mixed today. The Euro Stoxx 50 climbed to a 2-week high and is up +0.46%. China's Shanghai Composite closed up +0.07%. Japan's Nikkei-225 Stock Average closed down -0.18%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -2 ticks, and the 10-year T-note yield is up +1.2 bp at 4.640%. Sep T-notes slid to a 1-week low today, and the 10-year T-note yield rose to a 2-month high of 4.650%. T-notes are sliding today, with WTI crude oil prices up more than +2% to a 6-week high, which raises inflation expectations and is a hawkish factor for Fed policy. Also, supply pressures are weighing on T-notes as the Treasury will auction $13 billion of 20-year T-bonds later today.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 2-month high of 3.192% and is up +1.7 bp to 3.180%. The 10-year UK gilt yield climbed to a 2-month high of 5.064% and is up +1.3 bp to 5.043%.
UK Jun CPI eased to +2.6% y/y from +3.8% y/y in May, weaker than expectations of +2.7% y/y and the slowest pace of increase in 15 months. However, Jun core CPI was unchanged from May at +2.6% y/y, stronger than the +2.5% y/y expected.
Swaps are discounting a 5% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Software stocks are under pressure today, weighing on the broader market. ServiceNow (NOW), Workday (WDAY), Datadog (DDOG), and Palantir Technologies (PLTR) are down more than -3%. Also, Atlassian Corp (TEAM) is down more than -2%, and Autodesk (ADSK), Microsoft (MSFT), and Salesforce (CRM) are down more than -1%.
Cybersecurity stocks are sliding today. Zscaler (ZS) is down more than -2%, and CrowdStrike Holdings (CRWD), Palo Alto Networks (PANW), and Okta (OKTA) are down more than -2%. Also, Cloudflare (NET) and Fortinet (FTNT) are down more than -1%.
Pegasystems (PEGA) is down more than -12% after reporting Q1 adjusted EPS of 35 cents, weaker than the consensus of 44 cents.
Reddit (RDDT) is down more than -9% after the Wall Street Journal reported that the company has discussed cutting off Google’s access to its content for AI use.
GE Vernova (GEV) is down more than -6% to lead losers in the S&P 500 after reporting Q2 adjusted Ebitda of $1.25 billion, below the consensus of $1.29 billion.
TE Connectivity Plc (TEL) is down more than -6% after announcing it entered into a definitive agreement to acquire Astrodyne TDI for about $1.4 billion.
Cal-Maine Foods (CALM) is down more than -5% after reporting Q4 net sales of $552.6 million, weaker than the consensus of $594.5 million.
Otis Worldwide (OTIS) is down more than -2% after cutting its full-year adjusted EPS estimate to $4.01 to $4.05 from a previous estimate of $4.20 to $4.24, below the consensus of $4.19.
Super Micro Computer (SMCI) is up more than +18% to lead gainers in the S&P 500 after saying its backlog rose to record levels at the end of 2026 with total new orders in excess of $60 billion received during Q4.
AT&T (T) is up more than +4% after reporting Q2 wireless postpaid phone net additions of +432,000, well above the consensus of +325,264.
Oklo (OKLO) is up more than +3%, and X-Energy (XE) is up more than +2% after Bloomberg News reported that the companies will join the US program to speed up development of new power plants for artificial intelligence data centers.
Teledyne (TDY) is up more than +2% after reporting Q2 adjusted EPS of $6.28, well above the consensus of $5.79, and raising its full-year adjusted EPS estimate to $24.45 to $24.65 from a previous estimate of $23.85 to $24.15, above the consensus of $24.18.
DigitalOcean Holdings (DOCN) is up more than +1% after Stifel upgraded the stock to buy from hold with a price target of $160.
Earnings Reports(7/22/2026)
Alphabet Inc (GOOGL), AT&T Inc (T), AvalonBay Communities Inc (AVB), CME Group Inc (CME), Crown Castle Inc (CCI), CSX Corp (CSX), EastGroup Properties Inc (EGP), Equity LifeStyle Properties Inc (ELS), Equity Residential (EQR), First American Financial Corp (FAF), First Industrial Realty Trust (FR), GE Vernova Inc (GEV), Globe Life Inc (GL), Graco Inc (GGG), International Business Machine (IBM), Iridium Communications Inc (IRDM), Kinder Morgan Inc (KMI), Knight-Swift Transportation Ho (KNX), Las Vegas Sands Corp (LVS), Medpace Holdings Inc (MEDP), Molina Healthcare Inc (MOH), Moody's Corp (MCO), Northern Trust Corp (NTRS), Otis Worldwide Corp (OTIS), Packaging Corp of America (PKG), Philip Morris International Inc (PM), Pinnacle Financial Partners In (PNFP), PulteGroup Inc (PHM), QuantumScape Corp (QS), Raymond James Financial Inc (RJF), Reliance Inc (RS), RenaissanceRe Holdings Ltd (RNR), RLI Corp (RLI), Rollins Inc (ROL), RPM International Inc (RPM), SEI Investments Co (SEIC), ServiceNow Inc (NOW), Sonoco Products Co (SON), Southwest Airlines Co (LUV), Stifel Financial Corp (SF), TE Connectivity PLC (TEL), Teledyne Technologies Inc (TDY), Tesla Inc (TSLA), Texas Instruments Inc (TXN), Travel + Leisure Co (TNL), Westinghouse Air Brake Technol (WAB), WEX Inc (WEX), Wyndham Hotels & Resorts Inc (WH).
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.

Stock Indexes Retreat as Crude Oil and Bond Yields Climb

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*Stock prices used were the prices of May 27, 2026. The video was published on Jul. 17, 2026.
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Anand Chokkavelu has no position in any of the stocks mentioned. Rick Munarriz has no position in any of the stocks mentioned. Toby Bordelon has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare. 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.

Cloudflare: A Mixed Bag of Opportunities and Risks

The S&P 500 Index ($SPX) (SPY) today is down -0.87%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.76%. September E-mini S&P futures (ESU26) are down -0.87%, and September E-mini Nasdaq futures (NQU26) are down -1.79%.
Stock indexes are moving lower today, with the S&P 500 posting a 1-week low, the Dow Jones Industrials sliding to a 2.5-week low, and the Nasdaq 100 falling to a 5-week low. The global selloff in chipmakers continues today amid concerns that massive gains fueled by the buildout of artificial intelligence have run too far to justify their elevated valuations. The rout began in Asia, with China’s Shanghai Composite falling -3% and Japan’s Nikkei Stock Index falling -4% after China's AI startup Moonshot launched its new Kimi K3 AI model, which the company says rivals the strongest offerings from OpenAI and Anthropic PBC, sparking concerns about the industry's spending spree.
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However, stock indexes recovered from their worst levels today after the University of Michigan US Jul consumer sentiment index rose more than expected to a 5-month high and 1-year inflation expectations eased more than expected. Also, strength in cybersecurity stocks is a positive factor for the broader market.
Today’s US housing news was mixed. Jun housing starts rose +19.0% m/m to 1.427 million, stronger than expectations of 1.310 million. However, Jun building permits, a proxy for future construction, fell -3.0% to 1.367 million, below expectations of 1.403 million.
US Jun manufacturing production was unchanged m/m, weaker than expectations of +0.1% m/m.
The US Jun import price index ex-petroleum rose +0.5% m/m, stronger than expectations of +0.4% m/m.
The University of Michigan US Jul consumer sentiment index rose +4.9 to a 5-month high of 54.4, stronger than expectations of 51.0.
The University of Michigan US Jul 1-year inflation expectations eased to 4.2% from 4.6% in Jun, weaker than expectations of 4.4%. The Jul 5-10-year inflation expectations were unchanged at 3.3% from Jun, right on expectations.
Hawkish comments today from Cleveland Fed President Beth Hammack were negative for stocks and bonds, as she said persistently high inflation is her bigger concern right now, even as consumer spending holds up and unemployment remains low.
Geopolitical risks continue, with WTI crude oil (CLQ26) up more than +3% as the US launched fresh strikes against Iran for the sixth consecutive night, hitting coastal surveillance and air defense sites, military logistics infrastructure, and maritime assets. Iran responded by attacking US bases in Kuwait, Jordan, and Bahrain, with Kuwait saying a desalination and electricity plant were hit, with many power-generation units sustaining damage. The Kuwaiti armed forces said it intercepted 32 Iranian drones targeting "vital" institutions. President Trump pledged to intensify the bombardment until Iran stops attacking ships in the Strait of Hormuz and agrees to open the waterway.
The Wall Street Journal reported that US forces struck multiple bridges to cut supply routes to an Iranian port city and naval base used to support attacks on ships in the Strait of Hormuz. According to RBC Capital Markets LLC, a seven-day moving average of oil flows through the Strait of Hormuz has slumped to 3.9 million bpd from 8.5 million bpd before the collapse of the ceasefire.
Selling by corporate insiders is another negative for stocks. According to EPFR Global Market Intelligence, executives sold $77.6 billion of stock during the first half of this year, the second-highest amount in more than 20 years.
The outlook for strong Q2 earnings, which began this week, is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2.
The markets are discounting a 10% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 slid to a 1-week low and is down -1.08%. China's Shanghai Composite sank to a 10.5-month low and closed down -3.05%. Japan's Nikkei-225 Stock Average fell to a 5-week low and closed down -4.03%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +8 ticks, and the 10-year T-note yield is down -2.6 bp to 4.527%. Sep T-notes climbed to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.515%. Today’s slump in global equity markets has sparked safe-haven demand for T-notes. Gains in T-notes are limited after US Jun housing starts and consumer sentiment rose more than expected, and after WTI crude oil surged by more than +3%, which has lifted inflation expectations.
European government bond yields are moving lower today. The 10-year German bund yield is down -1.4 bp to 3.120%. The 10-year UK gilt yield is down -1.6 bp to 4.950%.
Swaps are discounting a 7% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks are selling off for a second day today, dragging the broader market lower. The iShares Semiconductor ETF (SOXX) fell to a 1.75-month low and is down more than -3%. KLA Corp (KLAC) is down more than -4%, and Advanced Micro Devices (AMD), Intel (INTC), and Lam Research (LRCX) are down more than -3%. Also, Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Texas Instruments (TXN), ASML Holding NV (ASML), Analog Devices (ADI), Marvel Technology (MRVL), Western Digital (WDC), and Qualcomm (QCOM) are down more than -2%.
The Magnificent Seven technology stocks are sliding today, also weighing on the overall market. Meta Platforms (META) is down more than -5%, and Alphabet (GOOGL) is down more than -2% to lead losers in the Dow Jones Industrials. Also, Nvidia (NVDA), Tesla (TSLA), and Microsoft (MSFT) are down more than -2%. In addition, Amazon.com (AMZN) is down -0.43% and Apple (AAPL) is down -0.01%.
Cryptocurrency-exposed stocks are sliding today along with Bitcoin (^BTCUSD). MARA Holdings (MARA) is down more than -6%, and Galaxy Digital Holdings (GLXY) is down more than -3%. Also, Riot Platforms (RIOT)and Coinbase Global (COIN) are down more than -2%, and Strategy (MSTR) and Circle Internet Group (CRCL) are down more than -1%.
Cybersecurity stocks are climbing today, a positive factor for the overall market. Palo Alto Networks (PANW), Zscaler (ZS), and Cloudflare (NET) are up more than +2%, and CrowdStrike Holdings (CRWD) and Fortinet (FTNT) are up more than +1%. Also, Okta (OKTA) is up +0.70%.
STAAR Surgical (STAA) is down more than -13% after reporting preliminary Q2 net sales of $90.0 million, below the consensus of $90.2 million.
Intuitive Surgical (ISRG) is down more than -12% to lead losers in the S&P 500 and Nasdaq 100 after maintaining its full-year forecast despite reporting better-than-expected Q2 earnings results.
Netflix (NFLX) is down more than -9% after forecasting full-year revenue of $51 billion to $51.4 billion, the midpoint below the consensus of $51.38 billion.
Autoliv (ALV) is down more than -4% after reporting Q2 adjusted EPS of $2.43, below the consensus of $2.45.
International Business Machines (IBM) is down more than -3% to lead losers in the Dow Jones Industrials after Citigroup cut its price target on the stock to $255 from $375.
Travelers Cos (TRV) is up more than +8% to lead gainers in the S&P 500 and Dow Jones Industrials after reporting Q2 net premiums written of $11.53 billion, above the consensus of $11.409 billion.
Construction Partners (ROAD) is up more than +3% after S&P Dow Jones Indices announced that the company will replace Molina Healthcare in the S&P SmallCap 600 before the opening of trading on Wednesday, July 22.
Jazz Pharmaceuticals Plc (JAZZ) is up more than +2% after Canaccord Genuity initiated coverage of the stock with a buy recommendation and a price target of $290.
Earnings Reports(7/17/2026)
Fifth Third Bancorp (FITB), Regions Financial Corp (RF), Travelers Cos Inc/The (TRV), Truist Financial Corp (TFC).
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 Global Slide in Chipmakers

The S&P 500 Index ($SPX) (SPY) today is down -1.06%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.23%. September E-mini S&P futures (ESU26) are down -0.95%, and September E-mini Nasdaq futures (NQU26) are down -2.12%.
Stock indexes are falling sharply today, with the S&P 500 posting a 1-week low, the Dow Jones Industrials sliding to a 2.5-week low, and the Nasdaq 100 falling to a 5-week low. The global selloff in chipmakers continues today amid concerns that massive gains fueled by the buildout of artificial intelligence have run too far to justify their elevated valuations. The rout began in Asia, with China’s Shanghai Composite falling -3% and Japan’s Nikkei Stock Index falling -4% after China's AI startup Moonshot launched its new Kimi K3 AI model, which the company says rivals the strongest offerings from OpenAI and Anthropic PBC, sparking concerns about the industry's spending spree.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Today’s US housing news was mixed. Jun housing starts rose +19.0% m/m to 1.427 million, stronger than expectations of 1.310 million. However, Jun building permits, a proxy for future construction, fell -3.0% to 1.367 million, below expectations of 1.403 million.
US Jun manufacturing production was unchanged m/m, weaker than expectations of +0.1% m/m.
The US Jun import price index ex-petroleum rose +0.5% m/m, stronger than expectations of +0.4% m/m.
Geopolitical risks continue, with WTI crude oil (CLQ26) up more than +2% as the US launched fresh strikes against Iran for the sixth consecutive night, hitting coastal surveillance and air defense sites, military logistics infrastructure, and maritime assets. Iran responded by attacking US bases in Kuwait, Jordan, and Bahrain, with Kuwait saying a desalination and electricity plant were hit, with many power-generation units sustaining damage. The Kuwaiti armed forces said it intercepted 32 Iranian drones targeting "vital" institutions. President Trump pledged to intensify the bombardment until Iran stops attacking ships in the Strait of Hormuz and agrees to open the waterway.
The Wall Street Journal reported that US forces struck multiple bridges to cut supply routes to an Iranian port city and naval base used to support attacks on ships in the Strait of Hormuz. According to RBC Capital Markets LLC, a seven-day moving average of oil flows through the Strait of Hormuz has slumped to 3.9 million bpd from 8.5 million bpd before the collapse of the ceasefire.
Selling by corporate insiders is another negative for stocks. According to EPFR Global Market Intelligence, executives sold $77.6 billion of stock during the first half of this year, the second-highest amount in more than 20 years.
The outlook for strong Q2 earnings, which began this week, is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2.
The markets are discounting a 10% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 slid to a 1-week low and is down -1.30%. China's Shanghai Composite sank to a 10.5-month low and closed down -3.05%. Japan's Nikkei-225 Stock Average fell to a 5-week low and closed down -4.03%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +8 ticks, and the 10-year T-note yield is down -2.4 bp to 4.529%. Sep T-notes climbed to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.515%. Today’s slump in global equity markets has sparked safe-haven demand for T-notes. Gains in T-notes are limited after US Jun housing starts rose more than expected and after WTI crude oil rose more than +2%, which has lifted inflation expectations.
European government bond yields are moving lower today. The 10-year German bund yield is down -1.0 bp to 3.124%. The 10-year UK gilt yield is down -0.7 bp to 4.959%.
Swaps are discounting a 7% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks are selling off for a second day today, dragging the broader market lower. The iShares Semiconductor ETF (SOXX) fell to a 1.75-month low and is down more than -3%. Applied Materials (AMAT), Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), Intel (INTC), and Lam Research (LRCX) are down more than -6%, and Western Digital (WDC) and KLA Corp (KLAC) are down more than -5%. Also, SanDisk (SNDK), Marvel Technology (MRVL), Micron Technology (MU), Microchip Technology (MCHP), and Seagate Technology Holdings Plc (STX) are down more than -4%, and Broadcom (AVGO), NXP Semiconductors NV (NXPI), Texas Instruments (TXN), and Qualcomm (QCOM) are down more than -3%.
The Magnificent Seven technology stocks are sliding today, also weighing on the overall market. Nvidia (NVDA) is down more than -4% to lead losers in the Dow Jones Industrials, and Alphabet (GOOGL), Meta Platforms (META), and Tesla (TSLA) are down more than -3%. Also, Amazon.com (AMZN) and Microsoft (MSFT) are down more than -1%, and Apple (AAPL) is down -0.04%.
Cryptocurrency-exposed stocks are sliding today along with Bitcoin (^BTCUSD). MARA Holdings (MARA) and Riot Platforms (RIOT) are down more than -6%, and Galaxy Digital Holdings (GLXY) is down more than -4%. Also, Circle Internet Group (CRCL), Coinbase Global (COIN), and Strategy (MSTR) are down more than -3%.
Mining stocks are weaker today as gold, silver, and copper prices retreat. Coeur Mining (CDE) is down more than -3%, and Freeport McMoran (FCX) is down more than -2%. Also, Hecla Mining (HL), Newmont Corp (NEM),Anglogold Ashanti (AU), Barrick Mining (B), and Southern Copper (SCCO) are down more than -1%.
Cybersecurity stocks are climbing today, a positive factor for the overall market. Okta (OKTA) and Zscaler (ZS) are up more than +3%, and Crowdstrike Holdings (CRWD) and Palo Alto Networks (PANW) are up more than +2%. Also, Cloudflare (NET) and Fortinet (FTNT) are up more than +1%.
Netflix (NFLX) is down more than -10% to lead losers in the S&P 500 and Nasdaq 100 after forecasting full-year revenue of $51 billion to $51.4 billion, the midpoint below the consensus of $51.38 billion.
Intuitive Surgical (ISRG) is down more than -9% after maintaining its full-year forecast despite reporting better-than-expected Q2 earnings results.
STAAR Surgical (STAA) is down more than -8% after reporting preliminary Q2 net sales of $90.0 million, below the consensus of $90.2 million.
Autoliv (ALV) is down more than -3% after reporting Q2 adjusted EPS of $2.43, below the consensus of $2.45.
Travelers Cos (TRV) is up more than +7% to lead gainers in the S&P 500 and Dow Jones Industrials after reporting Q2 net premiums written of $11.53 billion, above the consensus of $11.409 billion.
Construction Partners (ROAD) is up more than +2% after S&P Dow Jones Indices announced that the company will replace Molina Healthcare in the S&P SmallCap 600 before the opening of trading on Wednesday, July 22.
Jazz Pharmaceuticals Plc (JAZZ) is up more than +1% after Canaccord Genuity initiated coverage of the stock with a buy recommendation and a price target of $290.
Earnings Reports(7/17/2026)
Fifth Third Bancorp (FITB), Regions Financial Corp (RF), Travelers Cos Inc/The (TRV), Truist Financial Corp (TFC).
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 Tumble as the Rout in Chipmakers Deepens

An updated edition of the May 26, 2026 article.
Cybersecurity is no longer just an IT priority. It has become a business necessity. As companies move more workloads to the cloud and adopt artificial intelligence (AI), cybercriminals are becoming more sophisticated. Ransomware, phishing attacks and large-scale data breaches are now more frequent and far more expensive. A single successful attack can disrupt operations, damage a company's reputation and lead to significant financial losses.
This changing threat landscape is creating a massive opportunity for cybersecurity companies. According to Fortune Business Insights, the global cybersecurity market is expected to grow from $218.98 billion in 2025 to nearly $699.39 billion by 2034, reflecting a compound annual growth rate (CAGR) of 13.8%. Growth is being fueled by stricter regulations, rising digital transformation and the need for stronger protection across cloud environments and AI-powered applications. Leaders like Palo Alto Networks, Inc. PANW, CrowdStrike Holdings, Inc. CRWD and Zscaler, Inc. ZS are already monetizing this demand with platforms built for modern threats.
AI is becoming the biggest catalyst for the cybersecurity industry. Traditional security tools largely react after an attack has occurred. AI changes that by helping companies identify suspicious activity, detect threats earlier and automate responses before serious damage is done. As cyberattacks become faster and more complex, AI-powered security is quickly becoming a must-have rather than an optional feature.
Companies like Cisco Systems, Inc. CSCO, Fortinet, Inc. FTNT, Cloudflare, Inc. NET and Okta, Inc. OKTA are well-positioned to benefit from this trend. Each company is embedding AI across its security platform to improve threat detection, simplify security management and deliver better outcomes for customers. These investments not only strengthen their competitive positions but also open new long-term growth opportunities.
Our Cybersecurity Screen makes it easy to identify high-potential stocks at any given time, just like the four mentioned above. Leveraging advanced tools, our thematic screens identify companies shaping the future, making it easier to capitalize on emerging trends.
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Cisco Systems offers cybersecurity products and services that prevent unauthorized access to system resources and protect from worms, spam, viruses and other malware. The company has been integrating AI into its product portfolios across networking, security, collaboration and observability.
Strong demand for Cisco Systems’ products in developing AI infrastructure has been a game-changer for the company. In the third quarter of fiscal 2026, CSCO received $1.9 billion worth of AI infrastructure orders from web-scale customers, bringing the total year-to-date orders to $5.3 billion.
Data center switching orders continue to register solid double-digit year-over-year growth in the fiscal third quarter, implying strong demand. These orders are coming from some of the biggest players in cloud computing and reflect a growing demand for AI-optimized networks. Cisco Systems is expanding its AI portfolio for data centers with solutions like the Unified Nexus Dashboard, Cisco Intelligent Packet Flow, configurable AI PODs and 400G bidirectional (BiDi) optics.
As cyber threats become more sophisticated, CSCO’s AI-powered platform gives it a competitive edge. These innovations are likely to accelerate customer adoption and support strong long-term revenue growth for the company. Currently, Cisco Systems sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fortinet provides networking and security solutions to enterprises, service providers and government entities across 100 countries. The company is using AI to make its cybersecurity platform faster, smarter and more automated.
FTNT has embedded AI across the Fortinet Security Fabric through its FortiAI platform, which helps security teams detect threats, automate incident response and simplify security operations using generative AI. This reduces response times and improves productivity for customers facing increasingly sophisticated cyberattacks.
Fortinet is also applying AI to enhance network security, secure access service edge (SASE) and security operations (SecOps) solutions. Its AI-powered threat intelligence, supported by FortiGuard Labs, analyzes billions of security events each day to identify emerging threats and deliver real-time protection. These capabilities help customers improve security while lowering operational complexity.
Fortinet's expanding AI portfolio is supporting demand from enterprises modernizing their security infrastructure. As organizations increasingly adopt AI while facing more advanced cyber threats, this Zacks Rank #1 company's integrated platform and AI-driven innovations position it to win larger enterprise deployments, drive recurring revenues and sustain long-term growth.
Cloudflare is a global web infrastructure and security company. The company is leveraging the AI boom to expand beyond networking and cybersecurity into AI infrastructure and developer services.
Cloudflare has introduced a broad suite of AI offerings, including Workers AI, Vectorize, AI Gateway and Durable Objects, enabling developers to build, deploy and scale AI applications directly on Cloudflare's global edge network. By running AI inference closer to end users, Cloudflare reduces latency, lowers costs and improves application performance.
The company is also using AI to strengthen its cybersecurity platform. Its security solutions rely on machine learning to detect malicious traffic, stop automated bot attacks and identify emerging threats in real time. As AI-driven cyberattacks become more sophisticated, these capabilities are becoming increasingly valuable for enterprise customers.
Cloudflare's AI investments are already contributing to customer growth, with enterprises adopting its platform for both AI application delivery and security. As AI workloads continue to expand globally, this Zacks Rank #2 (Buy) company's edge infrastructure and integrated platform position it to generate higher enterprise spending and sustain long-term revenue growth.
Okta is a cloud-based Identity and Access Management (IAM) solution provider. The company is using AI to enhance its identity security platform while helping enterprises adopt AI applications securely.
Okta has introduced AI-powered capabilities across its Identity Threat Protection and Identity Security Posture Management solutions to detect unusual login behavior, identify compromised accounts and automate risk-based access decisions in real time. These features improve security while reducing the burden on IT teams.
Okta is also enabling organizations to securely manage access to generative AI applications and AI agents through its Workforce Identity Cloud and Customer Identity Cloud platforms. As businesses deploy more AI tools, identity management is becoming increasingly critical, creating a new growth opportunity for the company.
With identity remaining at the center of enterprise security, this Zacks Rank #2 company’s AI initiatives strengthen customer retention, expand cross-selling opportunities and position the company to benefit from the growing adoption of AI-powered enterprise applications.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Okta, Inc. (OKTA) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Cybersecurity Stocks to Buy Now as AI Changes Tech Defense

Akamai Technologies, Inc. AKAM is witnessing solid momentum in the security segment. Revenues from the Security Technology Group were $589.8 million compared with $530.7 million in the year-ago quarter. Segment revenues beat our estimate of $578.2 million.
The 11% year over year growth is driven by multiple factors. Strong demand for web application firewall (WAF) remains a major growth catalyst. With the growth of AI infrastructure and cloud services, enterprises are facing increasingly sophisticated cyberattacks. Enterprises are deploying advanced WAF solutions to boost their defense mechanism. One of the major advantages of AKAM is that its WAF runs across 4,300 locations in 700 cities. This allows it to stop attacks at the network edge and mitigate interference on the customer’s infrastructure.
Akamai Guardicore, which provides microsegmentation that limits the movements of attackers after any security breach, is also witnessing strong adoption. Businesses are using APIs more than ever to support cloud applications and AI workloads. Securing those API has become critical for business operations. Backed by this emerging trend, Akamai has secured several API customer wins. During the first quarter, Africa’s one of the largest telecom groups, a major investment manager in South America, a leading investment bank from the Middle East and one of the largest fintech companies in the United States have opted to deploy Akamai API security solutions.
Akamai’s security segment is expected to remain its major growth engine in the upcoming quarters as well. Per our estimate, Akamai is projected to generate $2.43 billion in revenues in 2026, indicating growth of 8.5% year over year.
How Are Competitors Faring?
In the cybersecurity space, Akamai faces competition from Cloudflare NET and Fastly FSLY. Cloudflare boasts an industry-leading web application firewall that efficiently blocks zero-day attacks and uses machine learning to improve threat detection. Cloudflare continues to expand in this space on the back of its global cloud security platform. The company entered Zero Trust integrations with companies like Atlassian, Microsoft and Sumo Logic, enabling businesses to secure tools and applications with enterprise-ready Zero Trust security.
Fastly ended the first quarter with 634 large customers, defined as those producing more than $100,000 in annualized revenues in the quarter. It continues to broaden its security and developer toolset, supporting cross-sell and higher committed revenue over time. Fastly is aligning product updates with growing AI agent activity and enterprise needs for control, security, and performance at the edge. AI-related demand is expected to be a major tailwind in the upcoming quarters.
AKAM’s Price Performance, Valuation and Estimates
Akamai shares have rallied 63.6% over the past year compared with the industry’s growth of 80.4%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company's shares currently trade at 18.11 forward earnings, lower than 23.71 for the industry.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have remained unchanged, and for 2027, they have decreased over the past 60 days.
Image Source: Zacks Investment Research
Akamai stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Fastly, Inc. (FSLY) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.