NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors. Its products are used in various applications, including automotive, industrial and Internet of Things, mobile, and communication infrastructure. The company markets its products to various original equipment manufacturers, contract manufacturers, and distributors. It operates in China, the Netherlands, the United States, Singapore, Germany, Japan, South Korea, Taiwan, and internationally. N.V. was incorporated in 2006 and is headquartered in Eindhoven, the Netherlands.

NXP Semiconductors демонстрирует сильные финансовые показатели, включая рост выручки и чистой прибыли, что значительно превышает медианные значения отрасли. Показатели ROE и ROA также выше медианы, что указывает на высокую эффективность управления активами и капиталом. Однако, мультипликаторы, такие как P/E и P/B, значительно превышают медианные значения, что может указывать на переоцененность акций. Долговая нагрузка остается на высоком уровне, что вызывает определенные риски, несмотря на стабильные денежные потоки и здоровые операционные маржи. Дивидендная доходность увеличилась, что является положительным фактором для инвесторов, ориентированных на доход. В целом, несмотря на сильную фундаментальную базу, высокая оценка по мультипликаторам и долговая нагрузка могут оказывать давление на целевую цену акций.

NXP Semiconductors N.V.

NXP Semiconductors демонстрирует сильные финансовые показатели, но высокая оценка и долговая нагрузка могут давить на целевую цену акций.

The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.25%. June E-mini S&P futures (ESM26) are up +0.10%, and June E-mini Nasdaq futures (NQM26) are down -0.17%.
Stock index futures recovered from overnight losses and are trading mixed as crude oil prices fell more than -1% on hopes for a breakthrough in the standoff between the US and Iran over the Strait of Hormuz. Crude prices retreated today after Tasnim, Iran's semi-official news agency, reported that the US has proposed a temporary waiver on Iran oil sanctions until a final peace agreement is reached. T-note yields gave up an early advance and also turned lower on the news.
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Stocks initially were under pressure today as the stalemate between the US and Iran keeps driving crude oil prices and bond yields higher. Comments from President Trump on Sunday weighed on stocks and boosted crude oil prices when he said the "clock is ticking" on Iran and it "better get moving FAST on a peace deal, or there won't be anything left of them." Also, ramped-up geopolitical tensions weighed on stocks after Reuters reported that Pakistan has deployed 8,000 troops, a squadron of fighter jets, and an air defense system to Saudi Arabia as part of a mutual defense pact, a deployment described as a "substantial, combat-capable force" to support Saudi Arabia if it comes under further attack.
Weaker-than-expected economic news from China is bearish for global growth prospects. China Apr industrial production rose +4.1% y/y, weaker than expectations of +6.0% y/y. Also, China Apr retail sales rose +0.2% y/y, weaker than expectations of +2.0% y/y. In addition, China Apr new home prices fell -0.19% y/y, the thirty-fifth consecutive month that prices have declined.
WTI crude oil prices (CLM26) fell from a 2-week high today and turned lower after Tasnim, Iran's semi-official reporting agency, said the US has proposed a temporary waiver on Iran oil sanctions until a final peace agreement is reached. Crude prices initially rose today after Reuters reported that Pakistan has deployed troops and jets to Saudi Arabia as part of a mutual defense pact. On Sunday, the United Arab Emirates (UAE) reported that a drone sparked a fire in a power station at the UAE’s Barakah nuclear plant, and Saudi Arabia said it intercepted and destroyed three drones that entered its airspace. Last Wednesday, the International Energy Agency (IEA) said in a monthly report that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 3% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings season is winding down, though reports thus far have been supportive of stocks. As of today, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 rebounded from a 1.5-week low and is up +0.75%. China's Shanghai Composite dropped to a 2-week low and closed down -0.09%. Japan's Nikkei Stock Average fell to a 1-week low and closed down -0.97%.
Interest Rates
June 10-year T-notes (ZNM6) today are up by +3 ticks. The 10-year T-note yield is down -1.0 bp to 4.583%. Jun T-notes recovered from a 15-month low today, and the 10-year T-note yield fell from a 15-month high of 4.631%. Short covering emerged in T-notes today, pushing prices higher after crude oil prices fell when Reuters reported that the US proposed a temporary waiver on Iran oil sanctions.
T-notes initially moved lower today after WTI crude oil rose to a 2-week high, raising inflation expectations. The 10-year breakeven inflation rate rose to a 3-year high of 2.530% today. Bond markets are under pressure globally amid intensifying fears that surging energy prices from the war in the Middle East will force central banks to tighten monetary policy.
European government bond yields are moving lower today. The 10-year German Bund yield fell from a 15-year high of 3.195% and is down -2.9 bp to 3.138%. The 10-year UK gilt yield fell from a nearly 18-year high of 5.189% and is down -6.9 bp to 5.103%.
Swaps are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are moving higher today, providing support to the overall market. Micron Technology (MU), Advanced Micro Devices (AMD), and Intel (INTC) are up more than +2%. Also, Analog Devices (ADI), Lam Research (LRCX), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) are up more than +1%.
Airlines and cruise line operators are moving higher today as WTI crude oil prices are down more than -1%, which lowers fuel costs and improves the companies’ earnings prospects. Alaska Air Group (ALK) is up more than +2%, and United Airlines Holdings (UAL), American Airlines Group (AAL), Southwest Airlines (LUV), Carnival (CCL), and Delta Air Lines (DAL) are up more than +1%.
Cryptocurrency-exposed stocks are sliding today, with Bitcoin (^BTCUSD) down more than -2% at a 2-week low. Strategy (MSTR) is down more than -6%, and Galaxy Digital Holdings (GLXY) is down more than -5%. Also, MARA Holdings (MARA) is down more than -3%, Coinbase Global (COIN) is down more than -2%, and Riot Platforms (RIOT) is down more than -1%.
LiveRamp Holdings (RAMP) is up more than +27% after Publicis Groupe SA agreed to buy the company for about $2.5 billion in cash, or about $38.50 per share.
Dominion Energy (D) is up more than +11% to lead gainers in the S&P 500 on reports that NextEra Energy is discussing a stock deal for the company that would value it at about $76 a share or around $66 billion.
Bio-Rad Laboratories (BIO) is up more than +9% after the Wall Street Journal reported that Elliot Investment Management has built a sizable stake in the company.
VF Corp (VFC) is up more than +4% after Williams Trading LLC double-upgraded the stock to buy from sell with a price target of $19.
Zscaler (ZS) is up more than +4% after B Riley Securities upgraded the stock to buy from neutral with a price target of $225.
Regeneron Pharmaceuticals (REGN) is down more than -10% to lead losers in the S&P 500 and Nasdaq 100 after reporting its data from a Phase 3 trial of its fianlimab for treatment of metastatic melanoma fell short of expectations.
Hims & Hers Health (HIMS) is down more than -7% after saying it intends to offer $300 million aggregate principal amount of convertible senior notes due 2032 in a private placement.
Mobileye (MBLY) is down more than -5% after Jeffries initiated coverage on the stock with a recommendation of underperform and a price target of $8.
UnitedHealth Group (UNH) is down more than -2% to lead losers in the Dow Jones Industrials after Berkshire Hathaway exited its stake in the company.
Earnings Reports(5/18/2026)
Agilysys Inc (AGYS), James Hardie Industries PLC (JHX), XP Inc (XP).
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 Mixed as Crude Oil Prices and Bond Yields Fall

Analog Devices ADI is scheduled to report second-quarter fiscal 2026 results on May 20, 2026, after market close.
For the fiscal second quarter, Analog Devices expects revenues to be $3.5 billion (+/- $100 million). The Zacks Consensus Estimate for revenues is pegged at $3.51 billion, suggesting growth of 33% from the year-ago quarter’s figure.
Analog Devices projects non-GAAP earnings to be $2.88 (+/-$0.10). The Zacks Consensus Estimate for earnings is pegged at $2.89 per share, indicating a rise of 56% from the year-ago quarter’s reported figure. The figure has remained unchanged in the past 30 days. Estimates for second-quarter fiscal 2026 earnings have remained unchanged for the past 60 days.
Image Source: Zacks Investment Research
ADI beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 6.11%.
Analog Devices, Inc. Price and EPS Surprise
Earnings Whispers for ADI
Our proven model does not conclusively predict an earnings beat for Analog Devices this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Though ADI carries a Zacks Rank #2, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to Note Ahead of ADI’s Q2 Results
Analog Devices is experiencing strong momentum across all end markets. ADI’s AI data center buildouts and cyclical improvement have aided its Industrial and communications segments in the past few quarters. Additional support from a strong demand for advanced sensors, mixed-signal and power solutions in aerospace and defense is likely to aid the company in the to-be-reported quarter.
ADI is enjoying the traction for its products in automated test equipment and data center applications, while electro-optical interfaces, precision power management, protection and monitoring continued to benefit from the shift from 800G toward 1.6T networks. This trend is likely to have persisted in the to-be-reported quarter.
Energy transition demand among enterprises and institutions for grid management and battery storage systems to improve energy generation, transmission and distribution has also resulted in traction in ADI’s chips. ADI’s data center business has been growing in double digits year over year for the past four quarters.
The company expects AI-driven advancements, including the development of more capable and content-rich humanoid robots, to create significant long-term growth opportunities and further strengthen ADI’s position in the robotics market. This is going to reflect in ADI’s second-quarter fiscal 2026 results as well.
Adoption of higher-voltage architectures, mainly 48V and 54V, and vertical power is expanding its serviceable market, while DC power control and multiphase controllers enable efficient GPU and CPU power regulation. Optical connectivity is another tailwind in the to-be-reported quarter as AI networking shifts toward optical circuit switching.
Analog Devices’ Price Performance & Valuation
Analog Devices shares have gained 53.9% over the past year, underperforming the Zacks Semiconductor - Analog and Mixed industry’s return of 62%.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
Let us now look at the value Analog Devices offers to its investors at current levels. ADI is currently trading at a premium with a forward 12-month price-to-sales (P/S) of 13.97X compared with the industry’s 10.85X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
ADI’s Investment Thesis
Analog Devices presents a compelling investment case built on technological leadership, diversified exposure to high-growth markets, and a resilient operating model. ADI’s positioning at the heart of several enduring secular trends, including artificial intelligence infrastructure, industrial automation, robotics, advanced communications, electric vehicles, aerospace systems and intelligent energy management.
Rather than relying on a single end market, the company benefits from broad exposure across industries where analog and mixed-signal semiconductors remain mission-critical. This diversification strengthens revenue durability and reduces dependence on short-term demand cycles. Increasing electronic content in vehicles, expanding electric vehicle adoption, and stricter safety and efficiency requirements support growing demand for the company’s precision technologies in the long run.
ADI’s major pillar of growth is its industrial segment, where increasing factory automation, decentralized intelligence, and robotics adoption are driving demand for high-performance sensing, connectivity and power solutions. The growing complexity of humanoid robotics and AI-enabled automation could meaningfully expand semiconductor content per machine, creating a long runway for sustained growth.
Another key driver is the acceleration of AI infrastructure spending. The company’s technologies play an essential role in enabling faster and more efficient data transmission across hyperscale data centers and communications networks. As enterprises and cloud providers continue expanding AI capabilities, Analog Devices is positioned to benefit from the rising demand for advanced connectivity and signal processing solutions.
ADI’s competitors include Texas Instruments (TXN) , STMicroelectronics (STM) and NXP Semiconductors (NXPI) . Texas Instruments competes with ADI in analog, digital and mixed signal chains, precision sensing and power management for consumer electronics products. NXP Semiconductor is one of the leading solution providers of analog and mixed-signal chips serving mobile, connectivity and consumer applications, and providing front-end, power management and mixed signal for consumer devices, especially in mobile and IOT markets.
Texas Instruments serves the auto market with its analog sensors, power ICs, in-vehicle networking/signal chain and driver assistance electronics. STMicroelectronics competes with ADI with its sensors, such as MEMS and inertial, analog front ends, interface ICs and microcontrollers. Although intense competition from major players pushed ADI to increase its research & development and sales & marketing spending at double-digit rates, the company’s strong revenue growth has helped protect its margins.
Conclusion: Buy ADI Stock Now
Analog Devices appears well-positioned ahead of its second-quarter fiscal 2026 results, supported by sustained momentum across industrial, communications, aerospace, defense, robotics and energy infrastructure markets. Expanding AI data center deployments, increasing adoption of advanced networking technologies and rising demand for power management and optical connectivity solutions are expected to remain key growth drivers. Given these dynamics, we suggest that investors should buy ADI stock for the long term.
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Should You Buy, Sell or Hold ADI Stock Before Q2 Earnings?

Analog Devices ADI shares have jumped 57.3% year to date, underperforming the Zacks Semiconductor - Analog and Mixed industry and the Zacks Computer and Technology sector’s appreciation of 67.4% and decline of 17.3%, respectively.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
The rise in stock price has resulted in ADI trading at a forward price-to-earnings multiple of 35.59X, much above the broader sector’s 25.87X. This overvaluation is further supported by Zacks Value Score of F.
ADI Forward 12 Month (P/E) Valuation Chart
Image Source: Zacks Investment Research
Given the dynamics, investors are wondering if it is the right time to invest in ADI stock. Let’s delve deeper into the fundamentals and financials to know if it is the right time to buy, sell or retain ADI stock.
Growth Across Segments Drives ADI Stock
Analog Devices started fiscal 2026 with strong momentum, posting revenues of $3.16 billion, up 30% year over year, and delivering growth across all end markets. Industrial and communications led the quarter as AI infrastructure, data center buildouts and cyclical improvement continued to support demand.
ADI’s industrial revenues rose 38% year over year, communications climbed 63%, consumer increased 27% and automotive advanced 8%. The strength in automated test equipment and data center applications is driving ADI’s topline. while electro-optical interfaces, precision power management, protection and monitoring continued to benefit from the shift from 800G toward 1.6T networks.
Energy transition demand among enterprises and institutions for grid management and battery storage systems to improve energy generation, transmission and distribution has also resulted in traction in ADI’s chips. This was further supported by strong demand for advanced sensors, mixed-signal and power solutions in aerospace and defence.
ADI’s data center business has been growing in double digits year over year for the past four quarters. The company expects AI-driven advancements, including the development of more capable and content-rich humanoid robots, to create significant long-term growth opportunities and further strengthen ADI’s position in the robotics market.
Adoption of higher-voltage architectures, mainly 48V and 54V, and vertical power is expanding its serviceable market, while DC power control and multiphase controllers enable efficient GPU and CPU power regulation. Optical connectivity is another tailwind as AI networking shifts toward optical circuit switching. ADI’s precision control and monitoring solutions help improve bandwidth density and reduce cost per bit.
ADI Protects Its Margins Amid Rising Competition
ADI’s competitors include Texas Instruments TXN, STMicroelectronics STM and NXP Semiconductors NXPI. Texas Instruments competes with ADI in analog, digital and mixed signal chains, precision sensing and power management for consumer electronics products. NXP Semiconductor is one of the leading solution providers of analog and mixed-signal chips serving mobile, connectivity and consumer applications, and providing front-end, power management and mixed signal for consumer devices, especially in mobile and IOT markets.
Texas Instruments serves the auto market with its analog sensors, power ICs, in-vehicle networking/signal chain and driver assistance electronics. STMicroelectronics competes with ADI with its sensors, such as MEMS and inertial, analog front ends, interface ICs and microcontrollers. Although intense competition from major players pushed ADI to increase its research & development and sales & marketing spending at double-digit rates, the company’s strong revenue growth has helped protect its margins.
Despite strong competition, a rise in operating expenditure and capital expenditure, Analog Devices' margins expanded. Profitability improved sharply as adjusted gross margin reached 71.2% and adjusted operating margin rose to 45.5%, while adjusted EPS was $2.46. ADI’s operating cash flow was $1.37 billion in the quarter and free cash flow was $4.56 billion over the trailing 12 months.
For the second quarter of fiscal 2026, ADI expects revenues of $3.5 billion (+/- $100 million) and adjusted EPS of $2.88. The Zacks Consensus Estimate for revenues is pegged at $3.51 billion, indicating year-over year growth of 33%. The consensus estimate for earnings is pegged at $2.88 per share, indicating year-over year growth of 56%. Estimates for second-quarter fiscal 2026 earnings have remained unchanged for the past 60 days.
Image Source: Zacks Investment Research
Conclusion: Buy ADI Stock Now
ADI still faces a competitive field that includes Texas Instruments, STMicroelectronics and NXP Semiconductors and other risks like tariffs and trade restrictions, supply-chain disruption amid the geopolitical tensions. However, ADI enters the next quarter with broad-based growth, expanding margins and strong cash generation. AI-related demand across automated test equipment and data center applications is adding another layer of support, while the dividend increase and ongoing buybacks reinforce management's confidence. Considering these factors, we suggest investors invest in this Zacks Rank #2 (Buy) stock at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Analog Devices Climbs 57% YTD: Time to Buy, Sell or Hold the Stock?

The average one-year price target for NXP Semiconductors N.V. (NasdaqGS:NXPI) has been revised to $303.36 / share. This is an increase of 15.09% from the prior estimate of $263.57 dated April 25, 2026.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $202.00 to a high of $362.25 / share. The average price target represents an increase of 1.66% from the latest reported closing price of $298.41 / share.
What is the Fund Sentiment?
There are 1,181 funds or institutions reporting positions in NXP Semiconductors N.V.. This is an decrease of 648 owner(s) or 35.43% in the last quarter. Average portfolio weight of all funds dedicated to NXPI is 0.15%, an increase of 51.13%. Total shares owned by institutions decreased in the last three months by 10.77% to 250,635K shares. The put/call ratio of NXPI is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 20,262K shares representing 8.03% ownership of the company. In its prior filing, the firm reported owning 20,379K shares , representing a decrease of 0.58%. The firm decreased its portfolio allocation in NXPI by 90.50% over the last quarter.
Wellington Management Group Llp holds 13,043K shares representing 5.17% ownership of the company. In its prior filing, the firm reported owning 12,584K shares , representing an increase of 3.52%. The firm decreased its portfolio allocation in NXPI by 85.99% over the last quarter.
Vanguard Capital Management holds 8,078K shares representing 3.20% ownership of the company.
Massachusetts Financial Services holds 7,850K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 7,728K shares , representing an increase of 1.55%. The firm increased its portfolio allocation in NXPI by 0.77% over the last quarter.
Invesco holds 5,799K shares representing 2.30% ownership of the company. In its prior filing, the firm reported owning 5,575K shares , representing an increase of 3.86%. The firm decreased its portfolio allocation in NXPI by 5.82% over the last quarter.
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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.

NXP Semiconductors N.V. (NXPI) Price Target Increased by 15.09% to 303.36

The S&P 500 Index ($SPX) (SPY) today is up +0.18%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.60%. June E-mini S&P futures (ESM26) are up +0.12%, and June E-mini Nasdaq futures (NQM26) are up +0.55%.
Stock indexes are mixed today. Gains in processor and memory chipmakers, the key drivers of the recent rally in the artificial intelligence trade, are leading today's stock gainers. Nvidia is up more than +1% after co-founder Jensen Huang joined President Trump on his visit to China, bolstering optimism that this week’s summit between Mr. Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors.
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However, stock indexes fell from early highs and are trading mixed as today’s stronger-than-expected US Apr PPI report showed a resurgence in inflation that is pushing bond yields higher and may prompt the Fed to keep interest rates higher for longer. Also, rising crude oil prices have boosted inflation expectations and bond yields as WTI climbed to a 1-week high today. The 10-year T-note yield rose to a 10-month high today at 4.49%.
US Apr PPI final demand rose +1.4% m/m and +6.0% y/y, stronger than expectations of +0.5% m/m and +4.8% y/y, with the +6.0% y/y jump being the largest in 3.25 years. Also, Apr PPI ex-food and energy rose +0.6% m/m and +5.2% y/y, stronger than expectations of +0.3% m/m and +4.3% y/y, with the +5.2% y/y gain being the largest in 3.25 years.
US MBA mortgage applications rose +1.7% in the week ended May 8, with the purchase mortgage sub-index up +3.9% and the refinancing mortgage sub-index down -0.8%. The average 30-year fixed rate mortgage rose +1 bp to 6.46% from 6.45% in the prior week.
WTI crude oil prices (CLM26) are up more than +1% at a 1-week high. The International Energy Agency (IEA) said in a monthly report today that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 2% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 recovered from a 1-week low and is up +0.53%. China's Shanghai Composite rallied to a nearly 11-year high and closed up +0.67%. Japan's Nikkei Stock Average closed up +0.84%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -4 ticks. The 10-year T-note yield is up +1.8 bp to 4.481%. Jun T-notes fell to a 1.5-month low today, and the 10-year T-note yield jumped to a 10-month high of 4.489%. T-notes are sliding today after US April producer prices rose more than expected, a hawkish factor for Fed policy. Also, rising inflation expectations are bearish for T-notes as the 10-year breakeven inflation rate rose to a 1-week high of 2.513% today. In addition, supply pressures are weighing on T-notes as the Treasury will auction $25 billion of 30-year T-bonds later today to conclude this week’s quarterly refunding.
European government bond yields are mixed today. The 10-year German Bund yield rose to a 1.5-week high of 3.116% and is up by +0.3 bp to 3.104%. The 10-year UK gilt yield is down -3.0 bp to 5.071%.
Eurozone Mar industrial production rose +0.2% m/m, weaker than expectations of +0.3% m/m.
ECB Governing Council member Olli Rehn warned that recent data are starting to point to stagflation as a result of the Iran war and rising energy prices, saying, "The first signs were already visible in the statistics, when growth in the Eurozone in the first quarter was only slightly positive, and inflation accelerated to 3%."
Swaps are discounting an 83% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are climbing today on hopes that this week’s summit between President Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors. ON Semiconductor (ON) is up more than +9% to lead gainers in the S&P 500, and Marvell Technology (MRVL) is up more than +9% to lead gainers in the Nasdaq 100. Also, Micron Technology (MU) and ARM Holdings Plc are up more than +5%, and Texas Instruments (TXN) and Analog Devices (ADI) are up more than +3%. In addition, Nvidia (NVDA), Qualcomm (QCOM), and NXP Semiconductors NV (NXPI) are up more than +1%.
Nebius Group NV (NBIS) is up more than +15% after reporting Q1 revenue of $399.0 million, stronger than the consensus of $391.6 million.
Corcept Therapeutics (CORT) is up more than +7% after UBS upgraded the stock to buy from neutral with a price target of $72.
Sensata Technologies Holding Plc (ST) is up more than +7% after Truist Securities upgraded the stock to buy from hold with a price target of $58.
Akamai Technologies (AKAM) is up more than +6% after Bank of America Global Research upgraded the stock to buy from neutral with a price target of $175.
Mosaic (MOS) is up more than +4% after RBC Capital Markets upgraded the stock to outperform from sector perform with a price target of $27.
Wix.com (WIX) is down more than -29% after reporting Q1 adjusted gross margin of 66%, below the consensus of 67.8%.
Birkenstock Holdings Plc (BIRK) is down more than -13% after reporting Q2 operating profit of 155.5 million euros, below the consensus of 168.1 million euros.
Dynatrace (DT) is down more than -12% after forecasting Q1 adjusted EPS of 44 cents to 45 cents, weaker than the consensus of 45 cents.
MercadoLibre (MELI) is down more than -4% after Citigroup downgraded the stock to neutral from buy.
American Electric Power (AEP) is down more than -3% after announcing the commencement of a registered underwritten offering of $2.6 billion of shares of its common stock.
Earnings Reports(5/13/2026)
Amdocs Ltd (DOX), Birkenstock Holding Plc (BIRK), Cisco Systems Inc (CSCO), Doximity Inc (DOCS), Dynatrace Inc (DT).
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.

Chip Stock Strength Lifts the Broader Market

The S&P 500 Index ($SPX) (SPY) today is down -0.19%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.05%. June E-mini S&P futures (ESM26) are down -0.20%, and June E-mini Nasdaq futures (NQM26) are up +0.04%.
Stock indexes are mixed today. The Nasdaq 100 is moving higher amid a rebound in technology stocks. Gains in processor and memory chipmakers, the key drivers of the recent rally in the artificial intelligence trade, are leading stock gainers today. Nvidia is up more than +2% after co-founder Jensen Huang joined President Trump on his visit to China, bolstering optimism that this week’s summit between Mr. Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors.
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However, stock indexes fell from early highs and are trading mixed as today’s stronger-than-expected US Apr PPI report showed a resurgence in inflation that is pushing bond yields higher and may prompt the Fed to keep interest rates higher for longer. The 10-year T-note yield rose to a 10-month high today at 4.49%.
US Apr PPI final demand rose +1.4% m/m and +6.0% y/y, stronger than expectations of +0.5% m/m and +4.8% y/y, with the +6.0% y/y jump being the largest gain in 3.25 years. Also, Apr PPI ex-food and energy rose +0.6% m/m and +5.2% y/y, stronger than expectations of +0.3% m/m and +4.3% y/y, with the +5.2% y/y gain being the largest gain in 3.25 years.
US MBA mortgage applications rose +1.7% in the week ended May 8, with the purchase mortgage sub-index up +3.9% and the refinancing mortgage sub-index down -0.8%. The average 30-year fixed rate mortgage rose +1 bp to 6.46% from 6.45% in the prior week.
WTI crude oil prices (CLM26) are slightly lower today as the market consolidates recent gains. The International Energy Agency (IEA) said in a monthly report today that global oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain “severely undersupplied” until October even if the conflict ends next month. The Strait of Hormuz remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 2% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 recovered from a 1-week low and is up +0.24%. China's Shanghai Composite rallied to a nearly 11-year high and closed up +0.67%. Japan's Nikkei Stock Average closed up +0.84%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -2 ticks. The 10-year T-note yield is up +0.5 bp to 4.468%. Jun T-notes fell to a 1.5-month low today, and the 10-year T-note yield jumped to a 10-month high of 4.489%. T-notes are sliding today after US April producer prices rose more than expected, a hawkish factor for Fed policy. Also, rising inflation expectations are bearish for T-notes as the 10-year breakeven inflation rate rose to a 1-week high of 2.511% today. In addition, supply pressures are weighing on T-notes as the Treasury will auction $25 billion of 30-year T-bonds later today to conclude this week’s quarterly refunding.
European government bond yields are mixed today. The 10-year German Bund yield rose to a 1.5-week high of 3.116% and is up by +0.3 bp to 3.104%. The 10-year UK gilt yield is down -3.0 bp to 5.071%.
Eurozone Mar industrial production rose +0.2% m/m, weaker than expectations of +0.3% m/m.
ECB Governing Council member Olli Rehn warned that recent data are starting to point to stagflation as a result of the Iran war and rising energy prices, saying, "The first signs were already visible in the statistics, when growth in the Eurozone in the first quarter was only slightly positive, and inflation accelerated to 3%."
Swaps are discounting an 83% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are climbing today on hopes that this week’s summit between President Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors. ON Semiconductor (ON) is up more than +7% to lead gainers in the S&P 500, and Marvell Technology (MRVL) is up more than +6% to lead gainers in the Nasdaq 100. Also, Texas Instruments is up more than +3%, and Analog Devices (ADI), Micron Technology (MU), and Nvidia (NVDA) are up more than +2%. In addition, NXP Semiconductors NV (NXPI) and Lam Research (LRCX) are up more than +1%.
Nebius Group NV (NBIS) is up more than +10% after reporting Q1 revenue of $399.0 million, stronger than the consensus of $391.6 million.
Akamai Technologies (AKAM) is up more than +54% after Bank of America Global Research upgraded the stock to buy from neutral with a price target of $175.
Corcept Therapeutics (CORT) is up more than +4% after UBS upgraded the stock to buy from neutral with a price target of $72.
Sensata Technologies Holding Plc (ST) is up more than +3% after Truist Securities upgraded the stock to buy from hold with a price target of $58.
Mosaic (MOS) is up more than +3% after RBC Capital Markets upgraded the stock to outperform from sector perform with a price target of $27.
Wix.com (WIX) is down more than -31% after reporting Q1 adjusted gross margin of 66%, below the consensus of 67.8%.
Dynatrace (DT) is down more than -10% after forecasting Q1 adjusted EPS of 44 cents to 45 cents, weaker than the consensus of 45 cents.
Birkenstock Holdings Plc (BIRK) is down more than -10% after reporting Q2 operating profit of 155.5 million euros, below the consensus of 168.1 million euros.
Karman Holdings (KRMN) is down more than -6% in disappointment that the company failed to beat earnings estimates as it reported Q1 adjusted EPS of 11 cents, right on expectations.
MercadoLibre (MELI) is down more than -4% after Citigroup downgraded the stock to neutral from buy.
American Electric Power (AEP) is down more than -3% after announcing the commencement of a registered underwritten offering of $2.6 billion of shares of its common stock.
Earnings Reports(5/13/2026)
Amdocs Ltd (DOX), Birkenstock Holding Plc (BIRK), Cisco Systems Inc (CSCO), Doximity Inc (DOCS), Dynatrace Inc (DT).
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 Signs of Resurgent Inflation

After reaching an important support level, NXP Semiconductors N.V. (NXPI) could be a good stock pick from a technical perspective. NXPI recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
NXPI has rallied 40.2% over the past four weeks, and the company is a #2 (Buy) on the Zacks Rank at the moment. This combination indicates NXPI could be poised for a breakout.
The bullish case only gets stronger once investors take into account NXPI's positive earnings outlook for the current quarter. There have been 11 upward revisions compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.
Investors should think about putting NXPIon their watchlist given the ultra-important technical indicator and positive move in earnings estimates.
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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.

NXP Semiconductors (NXPI)'s Technical Outlook is Bright After Key Golden Cross

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.16%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.87%. June E-mini S&P futures (ESM26) fell -0.16%, and June E-mini Nasdaq futures (NQM26) fell -0.90%.
Stock indexes settled mixed on Tuesday. The broader market was under pressure amid weakness in technology stocks, following Monday’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. The ongoing stalemate in the Middle East between the US and Iran is keeping the Strait of Hormuz closed, weighing on market sentiment, and pushing crude oil prices and bond yields higher. The 10-year T-note yield rose +5 bp to 4.46%.
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Stock indexes added to their losses on Tuesday amid signs of accelerating inflation after the US Apr CPI rose 3.8% y/y, stronger than the 3.7% y/y expected and the largest increase in almost 3 years. Also, Apr core CPI rose +2.8% y/y, stronger than expectations of +2.7% y/y and the largest increase in six months.
However, stock indexes bounced off their lows, and the Dow Jones Industrial Average moved into positive territory on the strength of health insurance stocks.
Hawkish comments on Tuesday from Chicago Fed President Austan Goolsbee were bearish for stocks and bonds, as he said the worst part of today's April CPI report is services inflation and that "the Fed has got to be thinking about how do we break the chain of escalating inflation."
In the latest developments in the Middle East, President Trump called Iran's response to his peace proposal a "piece of garbage" and said that the current ceasefire was on "life support." Mr. Trump said, "Iran will make a deal or be decimated."
WTI crude oil prices (CLM26) rose more than 4% on Tuesday, as President Trump cast doubt over the ceasefire with Iran, saying the truce was on “massive life support,” prolonging the closure of the Strait of Hormuz. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of Tuesday, 83% of the 454 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Tuesday. The Euro Stoxx 50 closed down -1.48%. China's Shanghai Composite fell from a 10-year high and closed down -0.25%. Japan's Nikkei Stock Average closed up +0.52%.
Interest Rates
June 10-year T-notes (ZNM6) on Tuesday closed down -12 ticks. The 10-year T-note yield rose +4.9 bp to 4.462%. Jun T-notes matched last Monday’s 6-week low on Tuesday, and the 10-year T-note yield rose to a 6-week high of 4.465%. T-notes were under pressure on Tuesday amid a +4% surge in WTI crude oil prices, which boosted inflation expectations. Also, Tuesday’s stronger-than-expected US April CPI reports signal accelerating inflation, a bearish factor for T-notes. In addition, T-notes weakened on comments from Chicago Fed President Austan Goolsbee, who said the US has an inflation problem.
T-note price fell further on Tuesday afternoon amid weak demand for the Treasury’s $42 billion auction of 10-year T-notes that had a bid-to-cover ratio of 2.40, below the 10-auction average of 2.49.
European government bond yields moved higher on Tuesday. The 10-year German Bund yield rose to a 1.5-week high of 3.105% and finished up +6.1 bp to 3.101%. The 10-year UK gilt yield surged to a 17-year high of 5.135% and finished up +10.3 bp to 5.101%.
The German May ZEW survey expectation of economic growth unexpectedly rose +7.0 to -10.2, stronger than expectations of a decline to -19.5.
ECB Governing Council member Christodoulos Patsalides said, "As things stand, inflation risks are worsening," which points to an ECB interest rate hike in June.
Swaps are discounting an 87% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers were on the defensive Tuesday, giving back some of Monday’s sharp gains as the AI infrastructure rally cooled. Qualcomm (QCOM) closed down more than -11% to lead losers in the S&P 500 and Nasdaq 100, and Intel (INTC) closed down more than -6%. Also, Sandisk (SNDK) and Western Digital (WDC) closed down more than -5%, and Micron Technology (MU), Marvell Technology (MRVL), and NXP Semiconductors NV (NXPI) closed down more than -3%. In addition, Applied Materials (AMAT), Advanced Micro Devices (AMD), ASML Holding NV (ASML), Seagate Technology Holdings Plc (STX), Lam Research (LRCX), ARM Holdings Plc (ARM), and Broadcom (AVGO) closed down more than -2%.
Software stocks retreated on Tuesday, weighing on the overall market. Salesforce (CRM) closed down more than -3% to lead losers in the Dow Jones Industrials. Also, Oracle (ORCL) closed down more than -3%, and ServiceNow (NOW), Adobe Systems (ADBE), and Atlassian Corp (TEAM) closed down more than -2%. In addition, Microsoft (MSFT), Intuit (INTU), Datadog (DDOG), and Workday (WDAY) closed down more than -1%.
Defensive health insurance stocks rallied on Tuesday, providing support to the overall market. Humana (HUM) closed up more than +7%, and Centene (CNC) closed up more than +5%. Also, UnitedHealth Group (UNH) closed up more than +3% to lead gainers in the Dow Jones Industrials, and Elevance Health (ELV), United Health Services (UHS), CVS Health Corp (CVS), the Cigna Group (CI), and Molina Healthcare (MOH) closed up more than +3%.
Power Solutions International (PSIX) closed down more than -38% after reporting Q1 revenue of $128.6 million, well below the consensus of $161 million.
Hims & Hers Health (HIMS) closed down more than -13% after reporting Q1 revenue of $608.1 million, weaker than the consensus of $617.5 million, and forecasting full-year adjusted Ebitda of $275 million to $350 million, the midpoint below the consensus of $319.3 million.
AST SpaceMobile (ASTS) closed down more than -11% after reporting a Q1 net loss of -$191.0 million, a wider loss than expectations of -$76.3 million.
Gitlab (GTLB) closed down by more than -9% after announcing plans to cut jobs and make operational changes, moves Raymond James said will be challenging.
Webtoon Entertainment (WBTN) closed down more than -8% after forecasting Q2 revenue of $332 million to $342 million, well below the consensus of $359.9 million.
West Pharmaceutical Services (WST) closed down more than -2% after saying it has experienced a material cybersecurity attack that has disrupted operations globally.
PACS Group (PACS) closed up more than +29% after reporting Q1 revenue of $1.42 billion, stronger than the consensus of $1.36 billion, and raising its full-year Ebitda forecast to $605 million-$625 million from a previous forecast of $555 million-$575 million, well above the consensus of $567 million.
Wendy’s (WEN) closed up more than +17% after the Financial Times reported that Trian Fund Management is seeking investor backing for a bid to take the company private.
Venture Global (VG) closed up more than +14% after reporting Q1 adjusted net income of $488.0 million, well above the consensus of $337.2 million.
Zebra Technologies (ZBRA) closed up more than +11% to lead gainers in the S&P 500 after reporting Q1 adjusted EPS of $4.75, stronger than the consensus of $4.25, and raising its full-year adjusted EPS forecast to $18.30 to $18.70 from a previous forecast of $17.70 to $18.30.
Qnity Electronics (Q) closed up more than +9% after reporting Q1 net sales of $1.42 billion, above the consensus of $1.27 billion.
Steris Plc (STE) closed up more than +4% after forecasting 202y adjusted EPS from continuing operations of $11.10 to $11.30, above the consensus of $11.08.
Earnings Reports(5/13/2026)
Amdocs Ltd (DOX), Birkenstock Holding Plc (BIRK), Cisco Systems Inc (CSCO), Doximity Inc (DOCS), Dynatrace Inc (DT).
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 Mixed on Tech Weakness and Inflation Pressures

The S&P 500 Index ($SPX) (SPY) today is down -0.74%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.45%. June E-mini S&P futures (ESM26) are down -0.74%, and June E-mini Nasdaq futures (NQM26) are down -1.43%.
Stock indexes are under pressure today as weakness in technology stocks weighs on the overall market, following Monday’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. The ongoing stalemate in the Middle East between the US and Iran is keeping the Strait of Hormuz closed, weighing on market sentiment, and pushing crude oil prices and bond yields higher. The 10-year T-note yield is up +4 bp to 4.45%.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes added to their losses today on signs of accelerating inflation after the US Apr CPI rose 3.8% y/y, stronger than the 3.7% y/y expected and the largest increase in almost 3 years. Also, Apr core CPI rose +2.8% y/y, stronger than expectations of +2.7% y/y and the largest increase in six months.
Hawkish comments today from Chicago Fed President Austan Goolsbee were bearish for stocks and bonds, as he said the worst part of today's April CPI report is services inflation and that "the Fed has got to be thinking about how do we break the chain of escalating inflation."
In the latest developments in the Middle East, President Trump called Iran's response to his peace proposal a "piece of garbage" and said that the current ceasefire was on "life support."
WTI crude oil prices (CLM26) are up more than 3% today, as President Trump cast doubt over the ceasefire with Iran, saying the truce was on “massive life support,” prolonging the closure of the Strait of Hormuz. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 450 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -1.19%. China's Shanghai Composite fell from a 10-year high and closed down -0.25%. Japan's Nikkei Stock Average closed up +0.52%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -10 ticks. The 10-year T-note yield is up +3.9 bp to 4.453%. Jun T-notes fell to a 1-week low today, and the 10-year T-note yield rose to a 1-week high of 4.456%. T-notes are under pressure today amid a +3% surge in WTI crude oil prices, which is boosting inflation expectations. Also, today’s stronger-than-expected US April CPI reports signal accelerating inflation, a bearish factor for T-notes. In addition, supply pressures are weighing on T-notes as the Treasury will auction $42 billion of 10-year T-notes later today as part of this week’s $125 billion quarterly refunding. T-notes added to their losses today when Chicago Fed President Austan Goolsbee said the US has an inflation problem.
European government bond yields are moving higher today. The 10-year German Bund yield rose to a 1.5-week high of 3.105% and is up +5.7 bp to 3.097%. The 10-year UK gilt yield surged to a 17-year high of 5.135% and is up +10.0 bp to 5.098%.
The German May ZEW survey expectation of economic growth unexpectedly rose +7.0 to -10.2, stronger than expectations of a decline to -19.5.
ECB Governing Council member Christodoulos Patsalides said, "As things stand, inflation risks are worsening," which points to an ECB interest rate hike in June.
Swaps are discounting an 85% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are on the defensive today, giving back some of Monday’s sharp gains as the AI infrastructure rally cools. Qualcomm (QCOM) is down more than -9% to lead losers in the S&P 500 and Nasdaq 100, and Sandisk (SNDK) and Intel (INTC) are down more than -7%. Also, Micron Technology (MU) is down more than -5%, and Western Digital (WDC), Applied Materials (AMAT), Seagate Technology Holdings Plc (STX), Marvell Technology (MRVL), and Lam Research (LRCX) are down more than -4%. In addition, Advanced Micro Devices (AMD), ASML Holding NV (ASML), KLA Corp (KLAC), and NXP Semiconductors NV (NXPI) are down more than -3%.
Airline stocks and cruise line operators are sliding today amid a +3% increase in WTI crude oil prices, which are boosting fuel costs and undermining the companies' profitability prospects. American Airlines Group (AAL), Alaska Air Group (ALK), Southwest Airlines (LUV), and Carnival (CCL) are down more than -2%. Also, Royal Caribbean Cruises Ltd (RCL), Norwegian Cruise Line Holdings (NCLH), United Airlines Holdings (UAL), and Delta Air Lines (DAL) are down more than -1%.
Power Solutions International (PSIX) is down more than -34% after reporting Q1 revenue of $128.6 million, well below the consensus of $161 million.
AST SpaceMobile (ASTS) is down more than -12% after reporting a Q1 net loss of -$191.0 million, a wider loss than expectations of -$76.3 million.
Hims & Hers Health (HIMS) is down more than -11% after reporting Q1 revenue of $608.1 million, weaker than the consensus of $617.5 million, and forecasting full-year adjusted Ebitda of $275 million to $350 million, the midpoint below the consensus of $319.3 million.
Webtoon Entertainment (WBTN) is down more than -8% after forecasting Q2 revenue of $332 million to $342 million, well below the consensus of $359.9 million.
ON Holding (ONON) is down more than -6% after forecasting full-year net sales at constant currencies of at least +23%, weaker than the consensus of +24.6%.
Gitlab (GTLB) is down by more than -5% after announcing plans to cut jobs and make operational changes, moves Raymond James said will be challenging.
West Pharmaceutical Services (WST) is down more than -3% after saying it has experienced a material cybersecurity attack that has disrupted operations globally.
PACS Group (PACS) is up more than +20% after reporting Q1 revenue of $1.42 billion, stronger than the consensus of $1.36 billion, and raising its full-year Ebitda forecast to $605 million-$625 million from a previous forecast of $555 million-$575 million, well above the consensus of $567 million.
Zebra Technologies (ZBRA) is up more than +17% to lead gainers in the S&P 500 after reporting Q1 adjusted EPS of $4.75, stronger than the consensus of $4.25, and raising its full-year adjusted EPS forecast to $18.30 to $18.70 from a previous forecast of $17.70 to $18.30.
Wendy’s (WEN) is up more than +14% after the Financial Times reported that Trian Fund Management is seeking investor backing for a bid to take the company private.
Venture Global (VG) is up more than +11% after reporting Q1 adjusted net income of $488.0 million, well above the consensus of $337.2 million.
Qnity Electronics (Q) is up more than +4% after reporting Q1 net sales of $1.42 billion, above the consensus of $1.27 billion.
Steris Plc (STE) is up more than +2% after forecasting 202y adjusted EPS from continuing operations of $11.10 to $11.30, above the consensus of $11.08.
Earnings Reports(5/12/2026)
Aramark (ARMK), Karman Holdings Inc (KRMN), Millicom International Cellular SA (TIGO), On Holding AG (ONON), Qnity Electronics Inc (Q), Ralliant Corp (RAL), Under Armour Inc (UAA), Zebra Technologies Corp (ZBRA).
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 Retreat as Oil Prices Surge and Inflation Accelerates

The S&P 500 Index ($SPX) (SPY) today is down -0.44%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.74%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.72%. June E-mini S&P futures (ESM26) are down -0.38%, and June E-mini Nasdaq futures (NQM26) are down -0.62%.
Stock indexes are under pressure today as weakness in technology stocks weighs on the overall market, following Monday’s rally that pushed the S&P 500 and Nasdaq 100 to new record highs. The ongoing stalemate in the Middle East between the US and Iran is keeping the Strait of Hormuz closed, weighing on market sentiment, and pushing crude oil prices and bond yields higher. The 10-year T-note yield is up +4 bp to 4.45%.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stock indexes added to their losses today on signs of accelerating inflation after the US Apr CPI rose 3.8% y/y, stronger than the 3.7% y/y expected and the largest increase in almost 3 years. Also, Apr core CPI rose +2.8% y/y, stronger than expectations of +2.7% y/y and the largest increase in six months.
In the latest developments in the Middle East, President Trump called Iran's response to his peace proposal a "piece of garbage" and said that the current ceasefire was on "life support."
WTI crude oil prices (CLM26) are up more than 3% today, as President Trump cast doubt over the ceasefire with Iran, saying the truce was on “massive life support,” prolonging the closure of the Strait of Hormuz. The strait remains essentially closed, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June.
The markets are discounting a 4% chance of a -25 bp FOMC rate cut at the next FOMC meeting on June 16-17.
Earnings reports thus far in this reporting season have been supportive of stocks. As of today, 83% of the 450 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.97%. China's Shanghai Composite fell from a 10-year high and closed down -0.25%. Japan's Nikkei Stock Average closed up +0.52%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -8 ticks. The 10-year T-note yield is up +3.5 bp to 4.449%. T-notes are under pressure today amid a +3% surge in WTI crude oil prices, which is boosting inflation expectations. Also, today’s stronger-than-expected US April CPI reports signal accelerating inflation, a bearish factor for T-notes. In addition, supply pressures are weighing on T-notes as the Treasury will auction $42 billion of 10-year T-notes later today as part of this week’s $125 billion quarterly refunding.
European government bond yields are moving higher today. The 10-year German Bund yield rose to a 1.5-week high of 3.098% and is up +4.6 bp to 3.086%. The 10-year UK gilt yield surged to a 17-year high of 5.135% and is up +10.9 bp to 5.107%.
The German May ZEW survey expectation of economic growth unexpectedly rose +7.0 to -10.2, stronger than expectations of a decline to -19.5.
ECB Governing Council member Christodoulos Patsalides said, "As things stand, inflation risks are worsening," which points to an ECB interest rate hike in June.
Swaps are discounting an 84% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Chipmakers are on the defensive today, giving back some of Monday’s sharp gains as the AI infrastructure rally cools. Qualcomm (QCOM) is down more than -6% to lead losers in the Nasdaq 100, and Sandisk (SNDK) and Micron Technology (MU) are down more than -3%. Also, Western Digital (WDC), Marvell Technology (MRVL), Lam Research (LRCX), KLA Corp (KLAC), and NXP Semiconductors NV (NXPI) are down more than -2%.
Airline stocks and cruise line operators are sliding today amid a +3% increase in WTI crude oil prices, which are boosting fuel costs and undermining the companies' profitability prospects. Alaska Air Group (ALK) is down more than -2%. Also, American Airlines Group (AAL), Royal Caribbean Cruises Ltd (RCL), Carnival (CCL), Norwegian Cruise Line Holdings (NCLH), United Airlines Holdings (UAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) are down more than -1%.
Power Solutions International (PSIX) is down more than -36% after reporting Q1 revenue of $128.6 million, well below the consensus of $161 million.
Hims & Hers Health (HIMS) is down more than -12% after reporting Q1 revenue of $608.1 million, weaker than the consensus of $617.5 million, and forecasting full-year adjusted Ebitda of $275 million to $350 million, the midpoint below the consensus of $319.3 million.
AST SpaceMobile (ASTS) is down more than -9% after reporting a Q1 net loss of -$191.0 million, a wider loss than expectations of -$76.3 million.
Webtoon Entertainment (WBTN) is down more than -8% after forecasting Q2 revenue of $332 million to $342 million, well below the consensus of $359.9 million.
Gitlab (GTLB) is down by more than -8% after announcing plans to cut jobs and make operational changes, moves Raymond James said will be challenging.
West Pharmaceutical Services (WST) is down more than -6% to lead losers in the S&P and said it has experienced a material cybersecurity attack that has disrupted operations globally.
ON Holding (ONON) is down more than -4% after forecasting full-year net sales at constant currencies of at least +23%, weaker than the consensus of +24.6%.
PACS Group (PACS) is up more than +27% after reporting Q1 revenue of $1.42 billion, stronger than the consensus of $1.36 billion, and raising its full-year Ebitda forecast to $605 million-$625 million from a previous forecast of $555 million-$575 million, well above the consensus of $567 million.
Zebra Technologies (ZBRA) is up more than +15% to lead gainers in the S&P 500 after reporting Q1 adjusted EPS of $4.75, stronger than the consensus of $4.25, and raising its full-year adjusted EPS forecast to $18.30 to $18.70 from a previous forecast of $17.70 to $18.30.
Wendy’s (WEN) is up more than +11% after the Financial Times reported that Trian Fund Management is seeking investor backing for a bid to take the company private.
Venture Global (VG) is up more than +7% after reporting Q1 adjusted net income of $488.0 million, well above the consensus of $337.2 million.
Steris Plc (STE) is up more than +2% after forecasting 202y adjusted EPS from continuing operations of $11.10 to $11.30, above the consensus of $11.08.
Qnity Electronics (Q) is up more than +1% after reporting Q1 net sales of $1.42 billion, above the consensus of $1.27 billion.
Earnings Reports(5/12/2026)
Aramark (ARMK), Karman Holdings Inc (KRMN), Millicom International Cellular SA (TIGO), On Holding AG (ONON), Qnity Electronics Inc (Q), Ralliant Corp (RAL), Under Armour Inc (UAA), Zebra Technologies Corp (ZBRA).
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.