Dow Jones futures fell overnight, along with S&P 500 futures and Nasdaq futures, amid weak revenue and guidance from Cisco Systems. The stock market rally sold off hard Wednesday, as a big Taikinys (TGT) earnings miss raised major concerns about retailers, related sectors and the broader economy amid hot inflation and weakening demand.
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Wednesday’s sharp selling comes right on the heels of the major indexes staging a tolesnė diena to confirm the new stock market rally, flashing bearish signals.
Po uždarymo "Cisco Systems" (CSCO) ir Sociedad Química ir Minera de Chile (SQM), or SQM, reported earnings. Cisco earnings edged past fiscal Q3 views, but revenue missed and the networking giant also guided lower for the current Q4. CSCO stock plunged 13% overnight. "Arista Networks" (ANET) and other related stocks also fell solidly.
SQM earnings are still pending after hours for the fertilizer and lithium play. SQM stock edged up 0.4%% to 90.21 in Wednesday’s regular session after hitting 93.14 intraday, briefly topping a 90.97 pirkimo taškas.
The video embedded in this article discussed Wednesday’s market sell-off and analyzed TGT stock, Northrop Grumman (NOC) ir "Broadcom" (AVGo).
Target Earnings Bad News For Retail
Target earnings tumbled 41%, far more than expected. The retailer blamed shipping costs as well as consumers shifting from TVs and other discretionary items. Target sees margin pressures throughout the current fiscal year. That came a day after Walmart (WMT) missed on EPS and guided low, citing higher costs for goods, shipping and labor. At the time, investors might have thought or hoped that Walmart’s woes were company-specific, but Target’s results signaled a much-broader problem.
Target stock crashed 25% to 161.61. Walmart sank 6.8% after tumbling 11.4% on Tuesday. Both are at the lowest since 2020.
If Walmart and Target are struggling in the current economic climate, that can’t be good for other discounters and retailers and general.
Dolerio medis (LTRD) plunged 14.4% after slipping 3.2% on Tuesday. DLTR stock had been holding up well, but dropped below its 50-day on Tuesday and crashed to its 200-day line. Costco didmeninė prekyba (SAVIKAINA) lost more than 12%, after already round-tripping a breakout and dropping below key moving averages in recent weeks. Both Dollar Tree and COST stock report next week.
"Best Buy" (BBY), which reports early Thursday, sank 10.5% to a two-year low.
Trucking Firms, Tesla, Apple Stock Hit
JB Hunt transporto paslaugos (JBHT) sold off 9%, tumbling from near its 10-week line. As consumer demand weakens, trucking companies may see weaker demand, and struggle to pass on skyrocketing diesel fuel prices.
Apple stock tumbled 5.6% to 140.82, a six-month closing low, as the Target warning on consumer discretionary spending added to fears for the Dow Jones tech titan. In the past several weeks, iPhone contract manufacturer Foxconn and Taivano puslaidininkiai (TSM), which makes chips for Apple (AAPL) and many others, warned of weak smartphone demand. AAPL stock is on track for an eighth straight weekly loss.
Tesla stock tumbled 6.8% to 709.81, the lowest close since August. While weaker consumer discretionary in theory could hurt demand for Tesla’s high-priced electric vehicles, overall auto production is so low that supply is still the overriding factor. Tesla (TSLA) is being pressured along with other highly valued growth names, along with Shanghai plant output issues and CEO Elon Musk’s ongoing Twitter (TWTR) takeover saga. Twitter stock fell 3.8% to 36.85, a two-month low and even further below Musk’s $54.20 takeover price.
Also, the S&P 500 ESG index booted Tesla, largely on corporate culture issues, triggering more angry tweets from Musk.
Meanwhile, the U.S. National Highway Traffic Safety Administration is probing a Tesla Model S crash earlier this month that killed, possibly involving Autopilot. The NHTSA is probing dozens of Autopilot-related accidents.
Tesla vs. BYD: Kurį klestintį elektromobilių milžiną geriau pirkti?
„Dow Jones Futures Today“
Dow Jones futures fell 0.4% vs. fair value. S&P 500 futures declined 0.5%. Nasdaq 100 futures slumped 0.7%. Cisco stock is a Dow Jones, S&P 500 and Nasdaq component. Several other networking and hardware stocks also lost ground.
10 metų iždo pajamingumas padidėjo 1 baziniu punktu iki 2.9%.
U.S. crude oil prices edged higher.
Prisiminkite tą vienos nakties veiksmą "Dow" ateities sandoriai ir kitur nebūtinai virsta realia prekyba kitą įprastą dieną vertybinių popierių rinkos sesija.
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Akcijų rinkos mitingas
The stock market rally opened sharply lower and kept falling on Wednesday.
The Dow Jones Industrial Average tumbled 3.6% in Wednesday’s akcijų rinkos prekyba. S&P 500 indeksas nukrito 4 proc. Nasdaq kompozitas smuko 4.7%. Mažos kapitalizacijos „Russell 2000“ atsisakė 3.5 proc.
U.S. crude oil prices reversed from modest gains to decline 2.5% to $109.59 a barrel. Gasoline futures fell more than 5%.
10 metų iždo pajamingumas sumažėjo 8 baziniais punktais iki 2.89%.
Tarp geriausi ETF, Innovator IBD 50 ETF (FFTY) nuslydo 3.8 %, o Innovator IBD Breakout Opportunities ETF (GALAS) prarado 3.9 proc. iShares išplėstinio techninės programinės įrangos sektoriaus ETF (IGV) atsisakė 4 proc. VanEck Vectors Semiconductor ETF (SMH) sumažėjo 4.8 proc.
SPDR S&P Metals & Mining ETF (XME) nukrito 4.15%, o Global X US Infrastructure Development ETF (PAVEIGTI) atsitraukė 3.6 proc. US Global Jets ETF (JETS) sumažėjo 3.4 proc. SPDR S&P Homebuilders ETF (XHB) sumažėjo 5.5 proc. The Energy Select SPDR ETF (XLE) ir Financial Select SPDR ETF (XLF) prarado 2.75 proc. Sveikatos priežiūros pasirinkto sektoriaus SPDR fondas (XLIV) sumažėjo 2.6 proc.
The SPDR S&P Retail ETF, which includes Target stock and Walmart as major components, plunged 8.3% to the lowest since December 2020.
ARK Innovation ETF, atspindintis labiau spekuliatyvias istorijasARKK) nukrito 4.4%, o ARK Genomics ETF (ARKG) 4.7%. TSLA stock remains the No. 1 holding across Ark Invest’s ETFs.
Penkios geriausios Kinijos akcijos, kurias reikia žiūrėti dabar
Rinkos analizė
When you get a brand-new car, you don’t expect problems as you drive off the lot. But if you do, you might have a lemon. On Tuesday, the major indexes staged a tolesnė diena, confirming the new stock market rally.
But on Wednesday, the major indexes tumbled, giving up all of Tuesday’s strong gains and much more.
A weaker consumer and soaring costs for businesses is a grim combination for retailers and discretionary goods makers. With consumer spending more than two-thirds of the U.S. economy, the risks of an economic hard landing grow as the Fed tries to bring down inflation. Aggressive Fed rate hikes will cause serious pain. But the alternative, letting inflation stay high, is clearly affecting demand as well.
Setting aside the reasons for the sell-off, the technical action is clear. Not every tolesnė diena works, and Wednesday’s action was a bearish signal.
The major indexes closed below their FTD lows. Eric Krull, co-author of “The Lifecycle Trade,” says his research shows that when the major indexes do this, there’s a 90% chance that the market rally will ultimately fail.
The odds might be even worse in this case. The Dow Jones and S&P 500 forged new 52-week closing lows on Wednesday, with the Nasdaq not far doing so.
However, the market rally is still in force until the major indexes undercut the start of their rally, in this case the May 12 intraday lows. The Dow Jones in particular is close to breaking lower. Another leg down for the S&P 500 would almost certainly push the benchmark index into a bear market, joining the Nasdaq.
Look on a weekly chart of the major indexes, and it’s hard to see the rally. The Dow, S&P 500 and Nasdaq are all on track to extend long weekly losing streaks.
Laikas rinkai su IBD ETF rinkos strategija
Ką daryti dabar
Wednesday’s sell-off is why it’s a good idea to step into a newly confirmed stock market rally slowly. That was especially true of the current market rally, with the major indexes below key moving averages and few stocks in position.
Investors who bought stocks or ETFs on Wednesday’s FTD should be scaling out or exit.
Keep working on your watchlists. Focus on stocks with strong relative strength. But a strong RS line isn’t a green light to buy a stock, especially in a weak market.
The sell-off in DLTR stock on Wednesday — and Apple over the few weeks — show how stocks can hold up well, until they don’t. So wait until a stock flashes a buy signal in a strong market, and be ready to get out.
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Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-target-triggers-bearish-sell-off-market-rally-has-90-chance-of-doing-this/?src=A00220&yptr=yahoo