Stocks Slammed As Oil, Yields Surge Again; Applied Materials, Viking, United Rentals In Focus
Summary
Hosts Alyssa Coram and Ken Shreve analyze a brutal market day driven by rising bond yields, oil prices, and poor earnings from Google and Tesla. They highlight relative strength in chip equipment stocks like Applied Materials and Viking Cruises, while noting United Rentals’ strong earnings reaction. The discussion also covers after-hours movers including Intel and Max Linear, alongside defensive portfolio adjustments.
Topics discussed
Introduction and market overview with Ken Shreve
Major indexes performance and technical analysis
Macro headwinds: Bond yields, oil prices, and earnings outlook
Sector rotation struggles and chip ETF resilience
General Fusion energy company advertisement
Transportation ETF (IYT) and railroad stock analysis
RSP ETF weakness and market breadth discussion
Applied Materials (AMAT) chart analysis and upper channel lines
Viking Cruises (VIK) price action despite rising oil
United Rentals (URI) earnings beat and growth turnaround
Intel (INTC) after-hours earnings reaction
MaxLinear (MXL) earnings disappointment and technical damage
Innoviva (INVA) steady growth and breakout analysis
Closing remarks and disclaimer
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