Schwab Network

Matthew Tuttle discusses the greater AI trade and the headwinds he sees hitting tech as the sector undergoes a correction. As Matt says, "at some point, you've got to start showing profit," noting the lingering debt concerns Wall Street has in companies like CoreWeave (CRWV). However, he remains bullish on AI memory, infrastructure, and photonic names. When it comes to Matt's top picks, he points to Vicor (VICR) as an unsung name in the AI trade.

Wall Street is ignoring great earnings and focusing on AI CapEx and crude oil creeping over $100. Kevin Green discusses how swaths of stocks across the S&P 500 (SPX) entering bear market territory doesn't bode well for forward momentum in the index. Western Digital (WDC) and Bloom Energy (BE) are the latest companies to take a hit on earnings even after both beat and posted strong guidance. KG turns to the healthcare space and explains why Moderna (MRNA) plunged after its cancer vaccine trial results leaked.

Leaked cancer vaccine data from Moderna (MRNA) sent shares plunging, closing the company down as the worst performer in S&P 500 (SPX). Western Digital (WDC) posted earnings after hours following a tech-led selloff, which included steeper selling from Lam Research (LRCX). Marley Kayden takes investors through the top stories of Thursday's trading day.

Nvidia (NVDA) CEO Jensen Huang addressed the stress seen in tech companies attempting to acquire capital. Meanwhile, crude oil continued to rally and see-sawed on the $100 level. Sam Vadas and Marley Kayden take investors through their final takeaways of the session.

Sean Cudahy, senior aviation reporter at The Points Guy, says U.S. consumers are frustrated with higher airfares but are still fronting the travel bill. So, when will a spending pullback occur? He argues airline companies will keep prices elevated so long as travelers are willing to pay. Sean also discusses the importance of loyalty programs amid the price surges as companies aim to hook consumers with premium offers.

@Nasdaq's Kevin Davitt discusses what he calls a highly unusual drop in the Nasdaq-100 (NDX) last week. During that same time on the options front, traders piled into short-dated calls. What does that mean for the Nasdaq's momentum and investor conviction? Kevin explains how the correlation signals a desire for investors to stay connected in the stock market without having direct tech exposure. He turns to Netflix (NFLX) and its post-earnings selloff, along with the options activity in that stock means for risk appetite in the streaming giant.

Bitcoin and Ethereum sold off alongside equities as AI debt stresses mount on equities. Adam Lynch (@CharlesSchwab) still sees bullish signs under the surface. He points to Bitcoin trading at a key technical he sees offering significant support for the cryptocurrency. Another key mover Adam has on his radar: the OCC finalizing stablecoin framework and implanting the Genius Act, something he sees shaping Circle (CRCL) and Coinbase (COIN) price action.

Max Guimond of Schroders talks about his firm's Autocallable Ladder Income ETF (SALI). The product aims to generate monthly income with the goal of reducing downside risk. Max explains how the ETF works and why the firm is emphasizing its importance in times of volatility. As he discusses, SALI acts as a diversifier and compliments certain core allocations.

Tesla (TSLA) earnings showed promise with its full self-driving, says Lauren Cassidy. She says the company's robotaxi and Cybercab vehicles show the Mag 7 company has plans to keep itself in the driver's seat for the autonomous driving industry. Morningstar Wealth's Seth Goldstein considers the company turning positive on free cash flow shows a clear shift in Tesla's growth strategy. he backs Lauren's points by labeling FSD endeavors as the engine driving growth.

Mark Gibbens discusses Bloom Energy (BE) ahead of earnings and explains why the company is so sought after by those building AI infrastructure. The most important parts of the report will be how the company is delivering on its backlog and ways it's navigating the volatile energy market. "All we're seeing is demand flying off the shelf," says Mark, believing Bloom Energy's fundamentals and partnerships with companies like Oracle (ORCL) warrant his bullishness on the stock.