economy
January 13, 2026
How these 2 portfolio names staved off Tuesday’s software stock rout
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stock market experienced a general decline due to inflation data, bank earnings, and geopolitical tensions.
- Financial sector struggled after President Trump's announcement of a 10% interest rate cap on credit cards.
- JPMorgan's earnings, while positive, resulted in a 'sell-the-news' event.
- Enterprise software companies like Salesforce and ServiceNow faced pressure due to AI disruption.
- Adobe's stock declined after an analyst downgrade.
- Cybersecurity stocks Palo Alto Networks and CrowdStrike were mostly spared from the selloff.
- Palo Alto Networks received a boost from Citi's 'analyst focus list' inclusion, with potential for significant market cap growth.
- Citi maintained a buy rating on CrowdStrike with an increased price target, despite a prior downgrade from KeyBanc.
- Upcoming economic data includes the producer price index, and potential Supreme Court ruling on Trump's tariffs.
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