What it will take for us to buy the dip in DuPont. Plus, profit-taking hits cyber stocks
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks are moving lower on Friday with Treasurys selling off and the 10-year yield at 5%.
- Artificial intelligence stocks, including industrial and semiconductor names, are a bright spot.
- Cybersecurity stocks like Palo Alto Networks and CrowdStrike saw profit-taking after a strong start to the week.
- DuPont maintains an overweight rating from Wells Fargo, with potential impacts from the Middle East deemed manageable.
- Costco is set to report earnings next week, historically a negative catalyst for its stock.
- Upcoming economic data includes manufacturing and services PMI, jobless claims, new home sales, durable goods orders, and consumer sentiment.