Vertiv Holdings демонстрирует смешанную картину с точки зрения фундаментальных метрик. Высокие мультипликаторы, такие как P/E на уровне 80.91, значительно превышают медианные значения отрасли, что указывает на потенциальную переоцененность. Тем не менее, компания показывает сильные результаты по прибыли и выручке, с TTM чистой прибыли в 177 миллионов долларов, что более чем в 5 раз выше медианы отрасли. На положительном фоне также находятся показатели рентабельности, такие как ROE на уровне 34.44%. Однако высокая долговая нагрузка, выраженная в коэффициенте долга к собственному капиталу 1.60, вызывает опасения. Более того, текущие и быстрые коэффициенты ниже медианы, что указывает на возможные проблемы с ликвидностью. Несмотря на это, стабильный рост выручки и операционной прибыли в последние годы создает позитивный фон для инвестиций. Устойчивое увеличение чистых активов и валовой прибыли дает основание полагать, что Vertiv имеет потенциал для роста, но текущая переоцененность акций требует осторожности со стороны инвесторов.

Vertiv Holdings, LLC

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.49%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.01%. June E-mini S&P futures (ESM26) fell -0.46%, and June E-mini Nasdaq futures (NQM26) fell -0.94%.
Stock indexes settled lower on Tuesday, led by losses in technology stocks amid concerns that the massive investment in artificial intelligence will not pay off. The Wall Street Journal reported that OpenAI recently failed to meet its goals for new users and sales, undercutting the shares of OpenAI partners and AI infrastructure stocks, including Nvidia, Oracle, Advanced Micro Devices, and CoreWeave.
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On the positive side, Coca-Cola rose more than +3% to limit losses in the Dow Jones Industrials after reporting stronger-than-expected Q1 net revenue.
Stocks bounced from their worst levels on Tuesday amid better-than-expected US economic news. The Conference Board Apr consumer confidence index unexpectedly rose +0.6 to a 4-month high of 92.8, stronger than expectations of a decline to 89.0. Also, the Apr Richmond Fed manufacturing survey rose +3 to a 14-month high of 3, stronger than expectations of 1. In addition, the Feb S&P composite-20 home price index rose +0.90% y/y, weaker than expectations of +1.12% y/y and the smallest pace of increase in more than 2.5 years.
Soaring crude oil prices are boosting inflation expectations, pushing bond yields higher, and weighing on stocks. WTI crude oil jumped to a 2-week high on Tuesday after the New York Times reported that President Trump is not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz and end the war, which includes postponing nuclear negotiations. Mr. Trump has said any deal must include agreements to curb Iran’s nuclear activities. The 10-year T-note yield climbed to a 3-week high of 4.38% on Tuesday. The 2-day FOMC meeting began on Tuesday and concludes on Wednesday, and the Fed is expected to keep monetary policy unchanged.
WTI crude oil prices (CLM26) rose by more than +3% on Tuesday as the US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, or more than 50%, so far in April, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June.
Kevin Warsh now appears to be on a glide path toward Senate approval as the new Fed Chair after Senator Thom Tillis said on Sunday that he dropped his opposition to the nomination. Mr. Tillis dropped his opposition after the US Justice Department dropped its criminal investigation into the Fed’s overspending on the renovation of its building, in line with Mr. Tillis’ demand. Mr. Tillis views the investigation into Fed Chair Powell as an attempt to force the Fed to cut interest rates. The Senate Banking Committee is due to vote on Mr. Warsh’s appointment this Wednesday and then send the nomination to the full Senate for a vote.
The markets are discounting a 0% chance for a +25 bp FOMC rate hike at the Tue-Wed policy meeting. The markets are expecting the FOMC to leave policy unchanged this week as it awaits further developments in oil prices and inflation.
Earnings season ramps up this week with several Magnificent Seven technology stocks reporting. Earnings results thus far have been supportive of stocks. As of Tuesday, 80% of the 172 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 lower on Tuesday. The Euro Stoxx 50 fell to a 2.5-week low and closed down -0.41%. China's Shanghai Composite closed down -0.19%. Japan's Nikkei Stock 225 closed down -1.02%.
Interest Rates
June 10-year T-notes (ZNM6) on Tuesday closed down -5.5 ticks. The 10-year T-note yield rose +1.0 bp to 4.350%. June T-notes fell to a 3-week low on Tuesday, and the 10-year T-note yield rose to a 3-week high of 4.378%. Tuesday’s +3% jump in WTI crude oil prices boosted inflation expectations and weighed on T-notes. The 10-year breakeven inflation rate rose to a 14-month high of 2.472% on Tuesday. Also, better-than-expected US economic news on Tuesday, including Apr consumer confidence and the Apr Richmond Fed manufacturing survey, was bearish for T-note prices.
T-notes recovered from their worst level on Tuesday amid strong demand for the Treasury’s $44 billion auction of 7-year T-notes that had a bid-to-cover ratio of 2.51, above the 10-auction average of 2.50.
European government bond yields moved higher on Tuesday. The 10-year German bund yield rose to a 2-week high of 3.086% and finished up +3.4 bp to 3.067%. The 10-year UK gilt yield climbed to a 1-month high of 5.028% and finished up +3.4 bp to 5.006%.
The ECB's Mar 1-year CPI expectations rate rose to 4.0% from 2.5% in Feb, stronger than expectations of 2.8% and the highest figure in nearly 2.5 years. The Mar 3-year CPI expectations rate rose to 3.0% from 2.5% in Feb, stronger than expectations of 2.6% and the highest figure in three years.
Swaps are discounting an 11% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
AI infrastructure stocks and OpenAI partners retreated on Tuesday after the Wall Street Journal reported that OpenAI recently missed its own revenue and new-user targets. ARM Holdings Plc (ARM) closed down more than -7% to lead losers in the Nasdaq 100, and Applied Digital (APLD), Applied Materials (AMAT), Sandisk (SNDK), CoreWeave (CRWV), and Vertiv Holdings (VRT) closed down more than -5%. Also, Broadcom (AVGO), Oracle (ORCL), and KLA Corp (KLAC) closed down more than -4%, and Advanced Micro Devices (AMD), Micron Technology (MU), Marvell Technology (MRVL), ASML Holding NV (ASML), Seagate Technology Holdings Plc (STX), and Lam Research (LRCX) closed down more than -3%. In addition, GE Vernova (GEV) and Western Digital (WDC) closed down more than -2%.
Mining stocks fell on Tuesday, amid the sell-off in gold, silver, and copper prices. Newmont Corp (NEM) and Coeur Mining (CDE) closed down more than -5%, and Anglogold Ashanti (AU), Southern Copper (SCCO), and Hecla Mining (HL) closed down more than -4%. Also, Barrick Mining (B) and Freeport McMoRan (FCX) closed down more than -3%.
Packaging stocks rose on Tuesday after Citigroup said Smurfit WestRock would raise US containerboard prices by $50 per ton, effective June 1. Packaging Corp of America (PKG) and International Paper (IP) closed up by more than +4%, and Smurfit Westrock Plc (SW) closed up more than +1%.
Rambus (RMBS) closed down more than -20% after reporting Q1 EPS of 55 cents, weaker than the consensus of 65 cents.
Spotify Technology SA (SPOT) closed down more than -12% after reporting Q1 operating income of $737 million, below the consensus of $787 million.
Alexandria Real Estate Equities (ARE) closed down more than -11% to lead losers in the S&P 500 after reporting Q1 revenue of $671.0 million, weaker than the consensus of $692.7 million.
Qiagen NV (QGEN) closed down more than -10% after forecasting full-year CER net sales of up +1% to +2%, well below the consensus of +4.62%.
Pentair Plc (PNR) closed down more than -10% after forecasting Q2 adjusted EPS of $1.47 to $1.50, below the consensus of $1.50.
Corning (GLW) closed down more than -8% after forecasting Q2 core EPS of 73 cents to 77 cents, the midpoint below the consensus of 76 cents.
Sherwin-Williams (SHW) closed down more than -3% to lead losers in the Dow Jones Industrials after forecasting full-year adjusted EPS of $11.50 to $11.90, the midpoint below the consensus of $11.72, and saying it sees little chance of end-market recovery this year due to weak consumer sentiment.
United Parcel Service (UPS) closed down more than -3% after leaving its full-year financial guidance unchanged despite reporting better-than-expected Q1 sales and profit.
Centene (CNC) closed up more than +13% to lead gainers in the S&P 500 after reporting Q1 revenue of $49.94 billion, above the consensus of $47.41 billion, and raising its full-year revenue forecast to $187.5 billion to $191.5 billion from $186.5 billion to $190.5 billion, the midpoint above the consensus of $188.79 billion.
Franklin Resources (BEN) closed up more than +6% after reporting Q2 adjusted EPS of 71 cents, stronger than the consensus of 55 cents.
Nucor (NUE) closed up more than +4% after reporting Q1 net sales of $9.50 billion, stronger than the consensus of $8.87 billion.
Coca-Cola (KO) closed up more than +3% to lead gainers in the Dow Jones Industrials after reporting Q1 net revenue of $12.50 billion, better than the consensus of $12.25 billion.
Dynatrace (DT) closed up more than +1% after the Wall Street Journal reported that Starboard Value LP took a stake in the company and is pushing the company to better capitalize on the shift to AI.
Earnings Reports(4/29/2026)
AbbVie Inc (ABBV), Aflac Inc (AFL), Align Technology Inc (ALGN), Allstate Corp/The (ALL), Alphabet Inc (GOOGL), Amazon.com Inc (AMZN), American Water Works Co Inc (AWK), Amphenol Corp (APH), Automatic Data Processing Inc (ADP), Biogen Inc (BIIB), Bunge Global SA (BG), Carvana Co (CVNA), CH Robinson Worldwide Inc (CHRW), Chipotle Mexican Grill Inc (CMG), Cognizant Technology Solutions (CTSH), eBay Inc (EBAY), EMCOR Group Inc (EME), Entergy Corp (ETR), Equinix Inc (EQIX), Everest Group Ltd (EG), Ford Motor Co (F), Garmin Ltd (GRMN), GE HealthCare Technologies Inc (GEHC), Generac Holdings Inc (GNRC), General Dynamics Corp (GD), Humana Inc (HUM), IDEX Corp (IEX), Invitation Homes Inc (INVH), KLA Corp (KLAC), Lennox International Inc (LII), Meta Platforms Inc (META), MGM Resorts International (MGM), Microsoft Corp (MSFT), Mid-America Apartment Communities (MAA), Old Dominion Freight Line Inc (ODFL), O'Reilly Automotive Inc (ORLY), Phillips 66 (PSX), QUALCOMM Inc (QCOM), Regency Centers Corp (REG), Regeneron Pharmaceuticals Inc (REGN), SBA Communications Corp (SBAC), Stanley Black & Decker Inc (SWK), Tyler Technologies Inc (TYL), UDR Inc (UDR), Verisk Analytics Inc (VRSK), VICI Properties Inc (VICI), Vulcan Materials Co (VMC), Yum! Brands Inc (YUM).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Fall on AI Jitters and Surging Crude Oil Prices

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Vertiv Holdings Co (Symbol: VRT), where a total volume of 33,768 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.5% of VRT's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $220 strike put option expiring June 05, 2026, with 4,518 contracts trading so far today, representing approximately 451,800 underlying shares of VRT. Below is a chart showing VRT's trailing twelve month trading history, with the $220 strike highlighted in orange:
Erasca Inc (Symbol: ERAS) saw options trading volume of 41,309 contracts, representing approximately 4.1 million underlying shares or approximately 58.2% of ERAS's average daily trading volume over the past month, of 7.1 million shares. Particularly high volume was seen for the $15 strike call option expiring December 18, 2026, with 8,378 contracts trading so far today, representing approximately 837,800 underlying shares of ERAS. Below is a chart showing ERAS's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Enphase Energy Inc. (Symbol: ENPH) saw options trading volume of 36,228 contracts, representing approximately 3.6 million underlying shares or approximately 57.8% of ENPH's average daily trading volume over the past month, of 6.3 million shares. Particularly high volume was seen for the $25 strike put option expiring May 01, 2026, with 11,137 contracts trading so far today, representing approximately 1.1 million underlying shares of ENPH. Below is a chart showing ENPH's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for VRT options, ERAS options, or ENPH options, visit StockOptionsChannel.com.
Also see:
Top Stocks Held By George Soros
KING Videos
Real Estate Dividend Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Tuesday Option Activity: VRT, ERAS, ENPH

The S&P 500 Index ($SPX) (SPY) today is down -0.66%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.30%. June E-mini S&P futures (ESM26) are down -0.63%, and June E-mini Nasdaq futures (NQM26) are down -1.27%.
Stock indexes are under pressure today, led by losses in technology stocks amid concerns that the massive investment in artificial intelligence will not pay off. The Wall Street Journal reported that OpenAI recently failed to meet its goals for new users and sales, undercutting the shares of OpenAI partners and AI infrastructure stocks, including Nvidia, Oracle, Advanced Micro Devices, and CoreWeave.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the positive side, Coca-Cola is up more than +6% to keep the Dow Jones Industrials in positive territory after reporting stronger-than-expected Q1 net revenue.
Also, better-than-expected US economic news today is supportive of stocks. The Conference Board Apr consumer confidence index unexpectedly rose +0.6 to a 4-month high of 92.8, stronger than expectations of a decline to 89.0. Also, the Apr Richmond Fed manufacturing survey rose +3 to a 14-month high of 3, stronger than expectations of 1. In addition, the Feb S&P composite-20 home price index rose +0.90% y/y, weaker than expectations of +1.12% y/y and the smallest pace of increase in more than 2.5 years.
Soaring crude oil prices are also boosting inflation expectations, pushing bond yields higher and weighing on stocks. WTI crude oil jumped to a 2-week high today after the New York Times reported that President Trump is not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz and end the war, which includes postponing nuclear negotiations. Mr. Trump has said any deal must include agreements to curb Iran’s nuclear activities. The 10-year T-note yield climbed to a 3-week high of 4.38% today ahead of the start of the 2-day FOMC meeting, where the Fed is expected to keep monetary policy unchanged.
WTI crude oil prices (CLM26) are up by more than +3% today as the US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, or more than 50%, so far in April, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June.
Kevin Warsh now appears to be on a glide path toward Senate approval as the new Fed Chair after Senator Thom Tillis said on Sunday that he dropped his opposition to the nomination. Mr. Tillis dropped his opposition after the US Justice Department dropped its criminal investigation into the Fed’s overspending on the renovation of its building, in line with Mr. Tillis’ demand. Mr. Tillis views the investigation into Fed Chair Powell as an attempt to force the Fed to cut interest rates. The Senate Banking Committee is due to vote on Mr. Warsh’s appointment this Wednesday and then send the nomination to the full Senate for a vote.
The markets are discounting a 0% chance for a +25 bp FOMC rate hike at the Tue-Wed policy meeting. The markets are expecting the FOMC to leave policy unchanged this week as it awaits further developments in oil prices and inflation.
Earnings season ramps up this week with several Magnificent Seven technology stocks reporting. Earnings results thus far have been supportive of stocks. As of today, 80% of the 150 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 lower today. The Euro Stoxx 50 fell to a 2.5-week low and is down -0.26%. China's Shanghai Composite closed down -0.19%. Japan's Nikkei Stock 225 closed down -1.02%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -8 ticks. The 10-year T-note yield is up +2.8 bp to 4.368%. June T-notes fell to a 3-week low today, and the 10-year T-note yield rose to a 3-week high of 4.378%. Today’s +3% jump in WTI crude oil prices is boosting inflation expectations and weighing on T-notes. The 10-year breakeven inflation rate rose to a 14-month high of 2.472% today. Also, better-than-expected US economic news today on Apr consumer confidence and the Apr Richmond Fed manufacturing survey were bearish for T-note prices. In addition, supply pressures are undercutting T-note prices, as the Treasury will auction $30 billion of 2-year floating rate notes and $44 billion of 7-year T-notes later today.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 2-week high of 3.086% and is up +4.0 bp to 3.073%. The 10-year UK gilt yield climbed to a 1-month high of 5.028% and is up +4.4 bp to 5.016%.
The ECB's Mar 1-year CPI expectations rate rose to 4.0% from 2.5% in Feb, stronger than expectations of 2.8% and the highest figure in nearly 2.5 years. The Mar 3-year CPI expectations rate rose to 3.0% from 2.5% in Feb, stronger than expectations of 2.6% and the highest figure in three years.
Swaps are discounting a 13% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
AI infrastructure stocks and OpenAI partners are retreating today after the Wall Street Journal reported that OpenAI recently missed its own revenue and new-user targets. ARM Holdings Plc (ARM) is down more than -8% to lead losers in the Nasdaq 100, and Applied Digital (APLD), Sandisk (SNDK), and Vertiv Holdings (VRT) are down more than -6%. Also, Advanced Micro Devices (AMD), Applied Materials (AMAT), Micron Technology (MU), CoreWeave (CRWV), GE Vernova (GEV), and Lam Research (LRCX) are down more than -5%, and Western Digital (WDC), ASML Holding NV (ASML), Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), Broadcom (AVGO), Oracle (ORCL), and KLA Corp (KLAC) are down more than -4%. In addition, Nvidia (NVDA) is down more than -3% to lead losers in the Dow Jones Industrials.
Mining stocks are retreating today with the sell-off in gold, silver, and copper prices. Newmont Corp (NEM), Coeur Mining (CDE), and Anglogold Ashanti (AU) are down more than -5%, and Hecla Mining (HL), Barrick Mining (B), and Southern Copper (SCCO) are down more than -4%. Also, Freeport McMoRan (FCX) is down more than -3%.
Rambus (RMBS) is down more than -24% after reporting Q1 EPS of 55 cents, weaker than the consensus of 65 cents.
Alexandria Real Estate Equities (ARE) is down more than -10% to lead losers in the S&P 500 after reporting Q1 revenue of $671.0 million, weaker than the consensus of $692.7 million.
Spotify Technology SA (SPOT) is down more than -10% after reporting Q1 operating income of $737 million, below the consensus of $787 million.
Qiagen NV (QGEN) is down more than -9% after forecasting full-year CER net sales of up +1% to +2%, well below the consensus of +4.62%.
Corning (GLW) is down more than -8% after forecasting Q2 core EPS of 73 cents to 77 cents, the midpoint below the consensus of 76 cents.
Pentair Plc (PNR) is down more than -7% after forecasting Q2 adjusted EPS of $1.47 to $1.50, below the consensus of $1.50.
United Parcel Service (UPS) is down more than -3% after leaving its full-year financial guidance unchanged despite reporting better-than-expected Q1 sales and profit.
Centene (CNC) is up more than +7% to lead gainers in the S&P 500 after reporting Q1 revenue of $49.94 billion, above the consensus of $47.41 billion, and raising its full-year revenue forecast to $187.5 billion to $191.5 billion from $186.5 billion to $190.5 billion, the midpoint above the consensus of $188.79 billion.
Coca-Cola (KO) is up more than +6% to lead gainers in the Dow Jones Industrials after reporting Q1 net revenue of $12.50 billion, better than the consensus of $12.25 billion.
Dynatrace (DT) is up more than +3% after the Wall Street Journal reported that Starboard Value LP took a stake in the company and is pushing the company to better capitalize on the shift to AI.
S&P Global Inc (SPGI) is up more than +3% after reporting Q1 revenue of $4.17 billion, above the consensus of $4.07 billion.
Nucor (NUE) is up more than +3% after reporting Q1 net sales of $9.50 billion, stronger than the consensus of $8.87 billion.
Franklin Resources (BEN) is up more than +2% after reporting Q2 adjusted EPS of 71 cents, stronger than the consensus of 55 cents.
Earnings Reports(4/28/2026)
Allegion plc (ALLE), American Tower Corp (AMT), Arch Capital Group Ltd (ACGL), Avery Dennison Corp (AVY), Booking Holdings Inc (BKNG), BXP Inc (BXP), Centene Corp (CNC), CMS Energy Corp (CMS), Coca-Cola Co/The (KO), Corning Inc (GLW), CoStar Group Inc (CSGP), Ecolab Inc (ECL), Edison International (EIX), Equity Residential (EQR), Essex Property Trust Inc (ESS), Expand Energy Corp (EXE), Extra Space Storage Inc (EXR), F5 Inc (FFIV), Fair Isaac Corp (FICO), FirstEnergy Corp (FE), Franklin Resources Inc (BEN), General Motors Co (GM), Hilton Worldwide Holdings Inc (HLT), Incyte Corp (INCY), Ingersoll Rand Inc (IR), Invesco Ltd (IVZ), Kimberly-Clark Corp (KMB), Mondelez International Inc (MDLZ), NXP Semiconductors NV (NXPI), Omnicom Group Inc (OMC), ONEOK Inc (OKE), PACCAR Inc (PCAR), Pentair PLC (PNR), PPG Industries Inc (PPG), Robinhood Markets Inc (HOOD), S&P Global Inc (SPGI), Seagate Technology Holdings PL (STX), Sherwin-Williams Co/The (SHW), Starbucks Corp (SBUX), Sysco Corp (SYY), Teradyne Inc (TER), T-Mobile US Inc (TMUS), United Parcel Service Inc (UPS), Veralto Corp (VLTO), Visa Inc (V), Waste Management Inc (WM), Welltower Inc (WELL), Xylem Inc/NY (XYL), Zimmer Biomet Holdings Inc (ZBH).
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.

AI Fears and Surging Crude Oil Prices Weigh on Stocks

The S&P 500 Index ($SPX) (SPY) today is down -0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.78%. June E-mini S&P futures (ESM26) are down -0.44%, and June E-mini Nasdaq futures (NQM26) are down -0.83%.
Stock indexes are mostly lower today, led by losses in technology stocks amid concerns that the massive investment in artificial intelligence will not pay off. The Wall Street Journal reported that OpenAI recently failed to meet its goals for new users and sales, undercutting the shares of OpenAI partners and AI infrastructure stocks, including Nvidia, Oracle, Advanced Micro Devices, and CoreWeave.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the positive side, Coca-Cola is up more than +5% to lead the Dow Jones Industrials higher after reporting stronger-than-expected Q1 net revenue.
Soaring crude oil prices are also boosting inflation expectations, pushing bond yields higher and weighing on stocks. WTI crude oil jumped to a 2-week high today after the New York Times reported that President Trump is not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz and end the war, which includes postponing nuclear negotiations. Mr. Trump has said any deal must include agreements to curb Iran’s nuclear activities. The 10-year T-note yield climbed to a 3-week high of 4.38% today ahead of the start of the 2-day FOMC meeting, where the Fed is expected to keep monetary policy unchanged.
WTI crude oil prices (CLM26) are up by more than +3% today as the US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, or more than 50%, so far in April, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June.
Kevin Warsh now appears to be on a glide path toward Senate approval as the new Fed Chair after Senator Thom Tillis said on Sunday that he dropped his opposition to the nomination. Mr. Tillis dropped his opposition after the US Justice Department dropped its criminal investigation into the Fed’s overspending on the renovation of its building, in line with Mr. Tillis’ demand. Mr. Tillis views the investigation into Fed Chair Powell as an attempt to force the Fed to cut interest rates. The Senate Banking Committee is due to vote on Mr. Warsh’s appointment this Wednesday and then send the nomination to the full Senate for a vote.
The markets are discounting a 0% chance for a +25 bp FOMC rate hike at the Tue-Wed policy meeting. The markets are expecting the FOMC to leave policy unchanged this week as it awaits further developments in oil prices and inflation.
Earnings season ramps up this week with several Magnificent Seven technology stocks reporting. Earnings results thus far have been supportive of stocks. As of today, 80% of the 150 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 lower today. The Euro Stoxx 50 fell to a 2.5-week low and is down -0.35%. China's Shanghai Composite closed down -0.19%. Japan's Nikkei Stock 225 closed down -1.02%.
Interest Rates
June 10-year T-notes (ZNM6) today are down -7 ticks. The 10-year T-note yield is up +2.2 bp to 4.362%. June T-notes fell to a 3-week low today, and the 10-year T-note yield rose to a 3-week high of 4.378%. Today’s +3% jump in WTI crude oil prices is boosting inflation expectations and weighing on T-notes. The 10-year breakeven inflation rate rose to a 14-month high of 2.472% today. Also, supply pressures are undercutting T-note prices, as the Treasury will auction $30 billion of 2-year floating rate notes and $44 billion of 7-year T-notes later today.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 2-week high of 3.086% and is up +4.3 bp to 3.076%. The 10-year UK gilt yield climbed to a 1-month high of 5.028% and is up +3.8 bp to 5.010%.
The ECB's Mar 1-year CPI expectations rate rose to 4.0% from 2.5% in Feb, stronger than expectations of 2.8% and the highest figure in nearly 2.5 years. The Mar 3-year CPI expectations rate rose to 3.0% from 2.5% in Feb, stronger than expectations of 2.6% and the highest figure in three years.
Swaps are discounting a 13% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
AI infrastructure stocks and OpenAI partners are retreating today after the Wall Street Journal reported that OpenAI recently missed its own revenue and new-user targets. ARM Holdings Plc (ARM) is down more than -6% to lead losers in the Nasdaq 100, and Applied Materials (AMAT) is down more than -5%. Also, Lam Research and KLA Corp (KLAC) are down more than -4%, and Seagate Technology Holdings Plc (STX), Advanced Micro Devices (AMD), Broadcom (AVGO), Western Digital (WDC), ASML Holding NV (ASML), Marvell Technology (MRVL), Oracle (ORCL), and CoreWeave (CRWV) are down more than -3%. In addition, Nvidia (NVDA) is down more than -2% to lead losers in the Dow Jones Industrials, and Vertiv Holdings (VRT), Qualcomm (QCOM), Applied Digital (APLD), and GE Vernova (GEV) are down more than -2%.
Rambus (RMBS) is down more than -17% after reporting Q1 EPS of 55 cents, weaker than the consensus of 65 cents.
Alexandria Real Estate Equities (ARE) is down more than -13% to lead losers in the S&P 500 after reporting Q1 revenue of $671.0 million, weaker than the consensus of $692.7 million.
Spotify Technology SA (SPOT) is down more than -10% after reporting Q1 operating income of $737 million, below the consensus of $787 million.
Pentair Plc (PNR) is down more than -9% after forecasting Q2 adjusted EPS of $1.47 to $1.50, below the consensus of $1.50.
Qiagen NV (QGEN) is down more than -7% after forecasting full-year CER net sales of up +1% to +2%, well below the consensus of +4.62%.
Corning (GLW) is down more than -5% after forecasting Q2 core EPS of 73 cents to 77 cents, the midpoint below the consensus of 76 cents.
United Parcel Service (UPS) is down more than -4% after leaving its full-year financial guidance unchanged despite reporting better-than-expected Q1 sales and profit.
Centene (CNC) is up more than +6% to lead gainers in the S&P 500 after reporting Q1 revenue of $49.94 billion, above the consensus of $47.41 billion, and raising its full-year revenue forecast to $187.5 billion to $191.5 billion from $186.5 billion to $190.5 billion, the midpoint above the consensus of $188.79 billion.
Coca-Cola (KO) is up more than +5% to lead gainers in the Dow Jones Industrials after reporting Q1 net revenue of $12.50 billion, better than the consensus of $12.25 billion.
LendingClub (LC) is up more than +5% after reporting Q1 new originations of $2.67 billion, stronger than the consensus of $2.63 billion.
Dynatrace (DT) is up more than +4% after the Wall Street Journal reported that Starboard Value LP took a stake in the company and is pushing the company to better capitalize on the shift to AI.
Crane Co. (CR) is up more than +1% after reporting Q1 net sales of $696.4 million, better than the consensus of $667.3 million.
Nucor (NUE) is up more than +1% after reporting Q1 net sales of $9.50 billion, stronger than the consensus of $8.87 billion.
Earnings Reports(4/28/2026)
Allegion plc (ALLE), American Tower Corp (AMT), Arch Capital Group Ltd (ACGL), Avery Dennison Corp (AVY), Booking Holdings Inc (BKNG), BXP Inc (BXP), Centene Corp (CNC), CMS Energy Corp (CMS), Coca-Cola Co/The (KO), Corning Inc (GLW), CoStar Group Inc (CSGP), Ecolab Inc (ECL), Edison International (EIX), Equity Residential (EQR), Essex Property Trust Inc (ESS), Expand Energy Corp (EXE), Extra Space Storage Inc (EXR), F5 Inc (FFIV), Fair Isaac Corp (FICO), FirstEnergy Corp (FE), Franklin Resources Inc (BEN), General Motors Co (GM), Hilton Worldwide Holdings Inc (HLT), Incyte Corp (INCY), Ingersoll Rand Inc (IR), Invesco Ltd (IVZ), Kimberly-Clark Corp (KMB), Mondelez International Inc (MDLZ), NXP Semiconductors NV (NXPI), Omnicom Group Inc (OMC), ONEOK Inc (OKE), PACCAR Inc (PCAR), Pentair PLC (PNR), PPG Industries Inc (PPG), Robinhood Markets Inc (HOOD), S&P Global Inc (SPGI), Seagate Technology Holdings PL (STX), Sherwin-Williams Co/The (SHW), Starbucks Corp (SBUX), Sysco Corp (SYY), Teradyne Inc (TER), T-Mobile US Inc (TMUS), United Parcel Service Inc (UPS), Veralto Corp (VLTO), Visa Inc (V), Waste Management Inc (WM), Welltower Inc (WELL), Xylem Inc/NY (XYL), Zimmer Biomet Holdings Inc (ZBH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Pressured by AI Fears and Soaring Crude Oil Prices

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell Mid-Cap ETF (Symbol: IWR) where we have detected an approximate $181.7 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 499,750,000 to 501,500,000). Among the largest underlying components of IWR, in trading today SanDisk Corp (Symbol: SNDK) is up about 6.1%, Vertiv Holdings Co (Symbol: VRT) is off about 0.9%, and Hilton Worldwide Holdings Inc (Symbol: HLT) is up by about 0.9%. For a complete list of holdings, visit the IWR Holdings page » The chart below shows the one year price performance of IWR, versus its 200 day moving average:
Looking at the chart above, IWR's low point in its 52 week range is $82.16 per share, with $105.411 as the 52 week high point — that compares with a last trade of $103.50. 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 ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
Highest Yield Preferreds
ALPA YTD Return
Healthcare Stocks Hedge Funds Are Selling
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: IWR, SNDK, VRT, HLT

Vertiv VRT delivered first-quarter 2026 adjusted earnings of $1.17 per share, up 82.8% year over year. The result beat the consensus estimate by 14.71%.
Net sales rose 30.1% year over year to $2.65 billion and came in slightly below the consensus level of about $2.657 billion. Acquisitions contributed 4% of the growth, and favorable forex contributed 3%.
Vertiv shares were up 6.09% at the time of writing this article.
Vertiv Holdings Co. Price, Consensus and EPS Surprise
Vertiv’s Regional Results Show a Split Growth Picture
The quarterly results reflected strong demand tied to data center deployments, with the Americas again serving as the growth engine. Americas posted revenue of $1.81 billion, up 53.1% year over year. Organic growth in the region was 44.3%, reflecting broad-based momentum across product lines tied to data center demand.
Asia Pacific (APAC) net sales were $513.7 million, up 14.9%, with 12.0% organic growth. Europe, Middle East and Africa (EMEA) remained the weak spot, with net sales of $321.4 million down 20.3% and organic net sales down 29.4%. Management characterized the softness as tied to prior-period order dynamics and said improving pipeline activity supports expectations for a return to year-over-year sales growth in the back half of fiscal 2026.
Product revenues (which accounted for 79% of total revenues) increased 29.8% year over year to $2.09 billion. Service revenues (21% of total revenues) increased 31.4% year over year to $558.3 million.
VRT’s Q1 Operating Details
Selling, general, and administrative (SG&A) expenses increased 31.9% year over year to $456.7 million. As a percentage of sales, SG&A expenses increased 110 basis points (bps) year over year to 15.9%.
Profitability expanded sharply in the quarter as higher volume translated into operating leverage. Adjusted operating profit increased 63.6% year over year to $550.9 million. Management noted that tariff headwinds persisted, but actions and countermeasures supported positive price-cost dynamics even after including tariff impacts. Adjusted operating margin was 20.8%, up 430 bps from the year-ago level, helped by productivity gains.
Americas adjusted operating profit surged 88.8% year over year to $490.2 million. APAC’s adjusted operating profit increased 47.5% year over year to $67.4 million. However, EMEA’s adjusted operating profit decreased 32% year over year to $53.5 million.
VRT Balance Sheet Flexibility Supports Growth Plans
As of March 31, 2026, Vertiv’s cash and cash equivalents balance totaled $2.15 billion compared with $1.72 billion as of Dec. 31, 2025. Long-term debt, net, was $2.92 billion, and management highlighted net leverage of about 0.2X, underscoring financial flexibility.
The company also detailed a balance sheet and financing actions that included a $2.1 billion senior unsecured notes issuance and updates to its revolving credit facility, positioning Vertiv to support capacity investments and strategic activity.
Operating cash flow was $766.8 million in the quarter compared with $1 billion in the previous quarter. Adjusted free cash flow was $652.8 million compared with $909 million reported in the previous quarter.
Vertiv Lifts 2026 Targets as Demand Stays Robust
Management raised 2026 guidance, pointing to sustained market momentum and accelerating capacity expansion. Vertiv now expects net sales of $13.5 billion to $14.0 billion, with organic net sales growth of 29% to 31% versus 2025.
The company guided to an adjusted operating profit of $3.14 billion to $3.26 billion and adjusted operating margin of 22.8% to 23.8%. Adjusted earnings are projected between $6.30 per share and $6.40 per share (50% to 52% year-over-year growth). Adjusted free cash flow is expected to be between $2.1 billion and $2.3 billion.
For the second quarter of 2026, Vertiv expects net sales of $3.25 billion to $3.45 billion (20% to 24% year-over-year growth) and adjusted earnings of $1.37 to $1.43 per share (44% to 51% year-over-year growth). Operating profit is expected between $690 million and $730 million with an operating margin in the 20.7%-21.7% range. VRT’s guidance reflected confidence in demand and execution as it continues investing in capacity, services and technology, supported by recent strategic acquisitions.
Zacks Rank and Key Picks
Currently, Vertiv carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are Sandisk SNDK, Garmin GRMN and Corning GLW. Sandisk sports a Zacks Rank #1 (Strong Buy) at present, while Garmin and Corning carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Corning and Garmin are scheduled to report their first-quarter 2026 results on April 28 and 29, respectively. Sandisk is set to report its third-quarter fiscal 2026 results on April 30.
Corning, Garmin and Sandisk shares have surged 92.8%, 31.4% and 312.5%, respectively, on a year-to-date basis.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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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.

Vertiv Q1 Earnings Beat Estimates, Net Sales Rise Y/Y, Shares Rise

Teradyne TER is set to report its first-quarter 2026 results on April 28, 2026.
For the first quarter of 2026, Teradyne expects revenues between $1,150 million and $1,250 million. Non-GAAP earnings are expected to be between $1.89 and $2.25 per share.
The Zacks Consensus Estimate for earnings is currently pegged at $2.08 per share, unchanged over the past 30 days. This indicates a 177.33% increase from the figure reported in the year-ago quarter. The consensus mark for revenues is pegged at $1.20 billion, suggesting an increase of 75.28% from the year-ago quarter’s reported numbers.
Teradyne, Inc. Price and EPS Surprise
Teradyne’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 17.46%.
Let’s see how things have shaped up for the upcoming announcement.
Factors to Note Ahead of TER’s Q1 Results
Teradyne’s first-quarter performance is expected to have benefited from strong AI-related demand for computer, networking and memory segments. Strong demand for custom ASICs from hyperscalers is expected to have driven growth in the to-be-reported quarter.
The company expects robust growth in the semiconductor test market, particularly in the compute segment, which is projected to expand significantly due to the rapid build-out of AI data centers and growth of edge AI. The company anticipates that the compute segment will drive a substantial portion of its revenue in 2026, with AI applications accounting for up to 70% of its revenue in the first quarter of 2026.
The UltraFLEXplus system, designed for high-performance processors and networking devices, is expected to see increased demand in the to-be-reported quarter due to its architectural advantages in handling complex AI devices.
Margin expansion and operating leverage are also expected to have benefited Teradyne in the first quarter of 2026. Gross margins are projected to be in the range of 58.5% to 59.5%, up 180 basis points at the midpoint compared with the fourth quarter of 2025. The non-GAAP operating profit rate at the midpoint of guidance is 32%, reflecting the company’s ability to scale efficiently and capitalize on its strong revenue growth.
TER Shares Outperform Sector
Teradyne shares have surged 99% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 5.4% and the Zacks Electronics - Miscellaneous Products increase of 42.2%.
TER shares have also outperformed their peers, which include Advantest Corporation ATEYY, Vertiv VRT and KLA Corporation KLAC. All three companies are expanding their footprint in the AI infrastructure space. Advantest, Vertiv, and KLA shares have gained 40.9%, 88.3%, and 49.1% in the year-to-date period, respectively.
TER Stock's Performance
Image Source: Zacks Investment Research
Teradyne’s stock is not so cheap, as the Value Score of F suggests a stretched valuation at this moment.
In terms of the forward 12-month Price/Sales, Teradyne is trading at 13.66X, higher than the industry’s 10.47X.
TER's Valuation
Image Source: Zacks Investment Research
TER Benefits From Robust Semiconductor Test Segment
Teradyne’s growing demand for AI infrastructure is driving robust growth across its semiconductor test and robotics divisions and helping the company to fend off its competitors like Advantest, Vertiv and KLA.
In the fourth quarter of 2025, Semiconductor Test revenues were $883 million, accounting for approximately 81.5% of total sales. This reflects 45% year-over-year growth and a 46% sequential increase compared with the third quarter of 2025. This growth was fueled by increasing demand for AI-driven compute and memory applications, which have become a significant portion of Teradyne's business.
Teradyne’s acquisitions have played a crucial role in its success. Teradyne recently acquired TestInsight to improve its abilities in semiconductor test development and validation, particularly for complex AI devices. Combining TestInsight’s tools with Teradyne’s automated test equipment (ATE) platforms will simplify design-to-test workflows, cut down debug cycles and speed up time-to-market. This move also strengthens Teradyne’s commitment to an open ecosystem. TestInsight will keep supporting various ATE platforms and maintaining existing partner relationships.
Teradyne anticipates robust growth in the automated test equipment total addressable market, which is expected to expand from $9 billion in 2025 to $12 billion to $14 billion in the mid-term. This growth is largely attributed to the increasing complexity of AI-driven applications, the transition to edge AI and the proliferation of AI data centers.
What Should Investors Do With TER Stock?
Teradyne’s robust and diversified portfolio to meet the rising demand for AI-driven technologies is contributing to its growth prospects continuously, driving top-line growth. These factors have justified its premium valuation.
TER stock currently carries a Zacks Rank #2 (Buy), which implies that investors should start accumulating the stock right now. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Advantest Corp. (ATEYY) : 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.

Should You Buy, Sell, or Hold TER Stock Before Q1 Earnings Release?

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +1.05%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.69%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.73%. June E-mini S&P futures (ESM26) rose +0.99%, and June E-mini Nasdaq futures (NQM26) rose +1.76%.
Stock indexes settled higher on Wednesday, with the Nasdaq 100 posting a new record high. Stocks found support today as President Trump, after the markets closed on Tuesday, extended his ceasefire with Iran for three to five days. Strong corporate earnings results also lifted stocks on Wednesday after GE Vernova, Boeing, and Masco reported better-than-expected Q1 earnings. In addition, strength in chipmakers and AI-infrastructure stocks boosted the overall market on Wednesday.
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Planned talks between the US and Iran were called off on Tuesday, and President Trump said the US naval blockade of the Strait of Hormuz will remain. Iran said it will not reopen the strait or restart peace talks until the US blockade ends.
WTI crude oil prices (CLM26) rose more than +3% on Wednesday as the Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. Iran seized two ships on Wednesday in the strait for “endangering maritime security,” and the UK Navy said Islamic Revolutionary Guard Corps gunboats fired upon two other cargo ships. The blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Iran has recently been able to export crude oil during the war, with exports of about 1.7 million bpd in March.
US MBA mortgage applications rose +7.9% in the week ended April 17, with the purchase mortgage sub-index up +10.1% and the refinancing sub-index up +5.8%. The average 30-year fixed rate mortgage fell -7 bp to 6.35% from 6.42% in the prior week.
Earnings season continues this week. So far, 82% of the 71 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.
The markets are discounting a 1% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 fell to a 1-week low and closed down -0.41%. China's Shanghai Composite climbed to a 5-week high and closed up +0.52%. Japan's Nikkei Stock 225 rallied to an all-time high and closed up +0.40%.
Interest Rates
June 10-year T-notes (ZNM6) on Wednesday closed down -0.5 of a tick. The 10-year T-note yield was unchanged at 4.292%. T-notes gave up early gains on Wednesday after WTI crude oil prices rose by more than 3%, which raised inflation expectations and is bearish for T-notes. Also, Wednesday’s stock rally reduced some safe-haven demand for T-notes.
T-notes initially moved higher on Wednesday on an increase in safe-haven demand after Iranian gunboats fired on two ships and seized two ships on Wednesday in the Strait of Hormuz, potentially leading to escalation of the US-Iran war. Also, solid demand for the Treasury’s $13 billion auction of 20-year T-bonds was supportive of T-notes, as the auction had a bid-to-cover ratio of 2.68, above the 10-auction average of 2.65.
European government bond yields moved higher on Wednesday. The 10-year German bund yield rose +0.5 bp to 3.008%. The 10-year UK gilt yield rose to a 2-week high of 4.914% and finished up by +2.5 bp to 4.909%.
The Eurozone Apr consumer confidence index fell -4.2 to a 3.25-year low of -20.6, weaker than expectations of -17.2.
The German government today cut its 2026 GDP forecast to 0.5% from 1.0%, due to the effects of the US-Iran war.
ECB Governing Council member Martins Kazaks said there is no urgency for the ECB to raise interest rates from 2%, as the current data does not yet justify a move.
ECB Governing Council member Gediminas Simkus said the ECB shouldn't raise interest rates at its April meeting, but he can't rule out a rate hike later this year.
UK Mar CPI rose +3.3% y/y, right on expectations. Mar core CPI rose +3.1% y/y, weaker than expectations of +3.2% y/y.
Swaps are discounting a 13% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.
US Stock Movers
The Magnificent Seven technology stocks moved higher on Wednesday, a supportive factor for the overall market. Alphabet (GOOGL), Apple (AAPL), Amazon.com (AMZN), and Microsoft (MSFT) closed up more than +2%. Also, Nvidia (NVDA) closed up more than +1%, Meta Platforms (META) closed up +0.88%, and Tesla (TSLA) closed up +0.28%.
Chipmakers and AI-infrastructure stocks rallied on Wednesday, boosting the broader market. ARM Holdings Plc (ARM) closed up more than +12% to lead gainers in the Nasdaq 100, and Micron Technology (MU) and Sandisk (SNDK) closed up more than +8%. Also, Advanced Micro Devices (AMD) closed up more than +6%, and Broadcom (AVGO) closed up more than +5%. In addition, Marvell Technology (MRVL) closed up more than +4%, and Seagate Technology Holdings Plc (STX) closed up more than +3%. Finally, Lam Research (LRCX), Applied Materials (AMAT), and ON Semiconductor (ON) closed up more than +2%.
Cryptocurrency-exposed stocks rallied on Wednesday as Bitcoin (^BTCUSD) rose more than +4% to a 2.5-month high. Strategy (MSTR) is up more than +9%, and Galaxy Digital Holdings (GLXY) closed up more than +7%. Also, Riot Platforms (RIOT) closed up more than +6%, and Coinbase Global (COIN) and MARA Holdings (MARA) closed up more than +5%.
Credit reporting agencies retreated on Wednesday after the US government announced steps to lower the cost of credit scores. Equifax (EFX) closed down more than -7%, Fair Isaac (FICO) closed down more than -6%, and TransUnion (TRU) closed down more than -4%.
GE Vernova (GEV) closed up more than +13% to lead gainers in the S&P 500 after reporting Q1 revenue of $9.34 billion, above the consensus of $9.11 billion.
Masco (MAS) closed up more than +10% after reporting Q1 net sales of $1.92 billion, stronger than the consensus of $1.84 billion.
Boston Scientific (BSX) closed up more than +8% after reporting Q1 net sales of $5.20 billion, stronger than the consensus of $5.17 billion.
Intuitive Surgical (ISRG) closed up more than +7% after reporting Q1 adjusted EPS of $2.50, better than the consensus of $2.10, and raising its full-year adjusted gross margin forecast to 67.5%-68.5% from a prior estimate of 67%-68%, above the consensus of 67.4%.
Boeing (BA) closed up more than +5% to lead gainers in the Dow Jones Industrials after reporting Q1 negative adjusted free cash flow of -$1.45 billion, smaller than the consensus of -$2.61 billion.
Twilio (TWLO) closed up more than +3% after Bank of America Global Research double-upgraded the stock to buy from underperform with a price target of $190.
UnitedHealth Group (UNH) closed up more than +2% after Argus Research upgraded the stock to buy from hold with a price target of $400.
Sonoco Products (SON) closed down more than -16% after reporting Q1 net sales of $1.68 billion, weaker than the consensus of $1.70 billion, and saying it sees full-year adjusted EPS at the low end of a $5.80 to $6.20 range, below the consensus of $5.92.
TE Connectivity (TEL) closed down more than -9% to lead losers in the S&P 500 after reporting Q2 net sales of $4.74 billion, below the consensus of $4.77 billion.
United Airlines Holdings (UAL) closed down more than -5% after cutting its full-year adjusted EPS estimate to $7.00 to $11.00 from a previous estimate of $12.00 to $14.00, the midpoint below the consensus of $9.08.
NVR Inc (NVR) closed down more than -4% after reporting Q1 EPS of $67.76, weaker than the consensus of $77.01.
Vertiv Holdings (VRT) closed down more than -2% after forecasting Q2 net sales of $3.25 billion to $3.45 billion, the midpoint below the consensus of $3.40 billion.
Earnings Reports(4/23/2026)
American Express Co (AXP), Ameriprise Financial Inc (AMP), Baker Hughes Co (BKR), Blackstone Inc (BX), CBRE Group Inc (CBRE), CenterPoint Energy Inc (CNP), Comcast Corp (CMCSA), Comfort Systems USA Inc (FIX), Digital Realty Trust Inc (DLR), Dover Corp (DOV), Dow Inc (DOW), Edwards Lifesciences Corp (EW), Erie Indemnity Co (ERIE), Freeport-McMoRan Inc (FCX), Hartford Insurance Group Inc/The (HIG), Honeywell International Inc (HON), Huntington Bancshares Inc/OH (HBAN), Intel Corp (INTC), Keurig Dr Pepper Inc (KDP), Lockheed Martin Corp (LMT), Nasdaq Inc (NDAQ), Newmont Corp (NEM), NextEra Energy Inc (NEE), PG&E Corp (PCG), Pool Corp (POOL), Principal Financial Group Inc (PFG), PulteGroup Inc (PHM), Roper Technologies Inc (ROP), Snap-on Inc (SNA), Thermo Fisher Scientific Inc (TMO), Union Pacific Corp (UNP), VeriSign Inc (VRSN), 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 Higher as Nasdaq Posts a Record High on Tech Strength

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Vertiv (VRT) Q1 2026 Earnings Transcript

The S&P 500 Index ($SPX) (SPY) today is up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.76%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.28%. June E-mini S&P futures (ESM26) are up +0.80%, and June E-mini Nasdaq futures (NQM26) are up +1.22%.
Stock indexes are moving higher today, with the Nasdaq 100 posting a new record high. Stocks found support today as President Trump, after the markets closed on Tuesday, extended his ceasefire with Iran for three to five days. Strong corporate earnings results are also lifting stocks today after GE Vernova, Boeing, and Masco reported better-than-expected Q1 earnings.
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Planned talks between the US and Iran were called off on Tuesday, and President Trump said the US naval blockade of the Strait of Hormuz will remain. Iran said it will not reopen the strait or restart peace talks until the US blockade ends.
Stocks added to their gains today after Iran's semi-official Tasnim news agency reported that Iran's UN representative said, "We have received some sign" the US is ready to break the blockade in the Strait of Hormuz, without elaborating. He added that "as soon as they break this blockade, I think the next round of the negotiations will take place in Islamabad."
WTI crude oil prices (CLM26) are up more than +2% today as the Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis. Iran seized two ships today in the strait for “endangering maritime security,” and the UK Navy said Islamic Revolutionary Guard Corps gunboats fired upon two other cargo ships. The blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Iran has recently been able to export crude oil during the war, with exports of about 1.7 million bpd in March.
US MBA mortgage applications rose +7.9% in the week ended April 17, with the purchase mortgage sub-index up +10.1% and the refinancing sub-index up +5.8%. The average 30-year fixed rate mortgage fell -7 bp to 6.35% from 6.42% in the prior week.
Earnings season continues this week. So far, 82% of the 71 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.
The markets are discounting a 1% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.
Overseas stock markets are mixed today. The Euro Stoxx 50 fell to a 1-week low and is down -0.27%. China's Shanghai Composite climbed to a 5-week high and closed up +0.52%. Japan's Nikkei Stock 225 rallied to an all-time high and closed up +0.40%.
Interest Rates
June 10-year T-notes (ZNM6) today are up by +2 ticks. The 10-year T-note yield is down by -0.9 bp to 4.283%. T-notes found safe-haven support after Iranian gunboats fired on two ships and seized two ships today in the Strait of Hormuz, potentially leading to escalation of the US-Iran war. Supply pressures are limiting gains in T-notes as the Treasury will auction $13 billion of 20-year T-bonds later today. Also, today’s +2% rally in WTI crude oil is raising inflation expectations, a bearish factor for T-notes.
European government bond yields are moving lower today. The 10-year German bund yield is down by -0.9 bp to 2.995%. The 10-year UK gilt yield is down by -0.8 bp to 4.879%.
The Eurozone Apr consumer confidence index fell -4.2 to a 3.25-year low of -20.6, weaker than expectations of -17.2.
The German government today cut its 2026 GDP forecast to 0.5% from 1.0%, due to the effects of the US-Iran war.
ECB Governing Council member Martins Kazaks said there is no urgency for the ECB to raise interest rates from 2%, as the current data does not yet justify a move.
ECB Governing Council member Gediminas Simkus said the ECB shouldn't raise interest rates at its April meeting, but he can't rule out a rate hike later this year.
UK Mar CPI rose +3.3% y/y, right on expectations. Mar core CPI rose +3.1% y/y, weaker than expectations of +3.2% y/y.
Swaps are discounting a 13% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.
US Stock Movers
The Magnificent Seven technology stocks are moving higher today, a supportive factor for the overall market. Alphabet (GOOGL), Apple (AAPL), Amazon.com (AMZN), Microsoft (MSFT), and Tesla (TSLA) are up more than +1%. Also, Meta Platforms (META) is up +0.76%, and Nvidia (NVDA) is up +0.61%.
Chipmakers and AI-infrastructure stocks are climbing today, boosting the broader market. ARM Holdings Plc (ARM) and Micron Technology (MU) are up more than +5%, and Advanced Micro Devices (AMD) is up more than +3%. Also, Broadcom (AVGO), Seagate Technology Holdings Plc (STX), Marvell Technology (MRVL), and Sandisk (SNDK) are up more than +2%. In addition, Analog Devices (ADI), Qualcomm (QCOM), and KLA Corp (KLAC) are up more than +1%.
Cryptocurrency-exposed stocks are moving higher today, with Bitcoin (^BTCUSD) up more than +4% at a 2.5-month high. Strategy (MSTR) is up more than +9% to lead gainers in the Nasdaq 100. Also, Coinbase Global (COIN), MARA Holdings (MARA), and Riot Platforms (RIOT) are up more than +6%. In addition, Galaxy Digital Holdings (GLXY) is up more than +3%.
GE Vernova (GEV) is up more than +12% to lead gainers in the S&P 500 after reporting Q1 revenue of $9.34 billion, above the consensus of $9.11 billion.
Masco (MAS) is up more than +12% after reporting Q1 net sales of $1.92 billion, stronger than the consensus of $1.84 billion.
Boston Scientific (BSX) is up more than +9% after reporting Q1 net sales of $5.20 billion, stronger than the consensus of $5.17 billion.
Intuitive Surgical (ISRG) is up more than +8% after reporting Q1 adjusted EPS of $2.50, better than the consensus of $2.10, and raising its full-year adjusted gross margin forecast to 67.5%-68.5% from a prior estimate of 67%-68%, above the consensus of 67.4%.
Amneal Pharmaceuticals (AMRX) is up more than +4% after boosting its full-year adjusted Ebitda forecast to $740 million-$770 million from a previous forecast of $720 million-$760 million, stronger than the consensus of $748.6 million.
UnitedHealth Group (UNH) is up more than +3% to lead gainers in the Dow Jones Industrials after Argus Research upgraded the stock to buy from hold with a price target of $400.
Twilio (TWLO) is up more than +3% after Bank of America Global Research double-upgraded the stock to buy from underperform with a price target of $190.
Boeing (BA) is up more than +2% after reporting Q1 negative adjusted free cash flow of -$1.45 billion, smaller than the consensus of -$2.61 billion.
Sonoco Products (SON) is down more than -14% after reporting Q1 net sales of $1.68 billion, weaker than the consensus of $1.70 billion, and saying it sees full-year adjusted EPS at the low end of a $5.80 to $6.20 range, below the consensus of $5.92.
TE Connectivity (TEL) is down more than -10% to lead losers in the S&P 500 after reporting Q2 net sales of $4.74 billion, below the consensus of $4.77 billion.
United Airlines Holdings (UAL) is down more than -6% after cutting its full-year adjusted EPS estimate to $7.00 to $11.00 from a previous estimate of $12.00 to $14.00, the midpoint below the consensus of $9.08.
NVR Inc (NVR) is down more than -5% after reporting Q1 EPS of $67.76, weaker than the consensus of $77.01.
Vertiv Holdings (VRT) is down more than -2% after forecasting Q2 net sales of $3.25 billion to $3.45 billion, the midpoint below the consensus of $3.40 billion.
Earnings Reports(4/22/2026)
AT&T Inc (T), Boeing Co/The (BA), Boston Scientific Corp (BSX), CME Group Inc (CME), Crown Castle Inc (CCI), CSX Corp (CSX), Elevance Health Inc (ELV), GE Vernova Inc (GEV), Globe Life Inc (GL), International Business Machine (IBM), Kinder Morgan Inc (KMI), Lam Research Corp (LRCX), Las Vegas Sands Corp (LVS), Masco Corp (MAS), Moody's Corp (MCO), NVR Inc (NVR), Otis Worldwide Corp (OTIS), Packaging Corp of America (PKG), Philip Morris International Inc (PM), Raymond James Financial Inc (RJF), Rollins Inc (ROL), ServiceNow Inc (NOW), Southwest Airlines Co (LUV), TE Connectivity PLC (TEL), Teledyne Technologies Inc (TDY), Tesla Inc (TSLA), Texas Instruments Inc (TXN), United Rentals Inc (URI), Vertiv Holdings Co (VRT), Westinghouse Air Brake Technol (WAB).
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.

Index	Bulls	Bears
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	S/L 5%RUB 306.31	S/L 10%RUB 290.19	S/L 15%RUB 274.07
Day	109.54%	15.28%	0.22%
Week	104.28%	52.26%	17.01%
Month	102.09%	75.51%	50.32%

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