QCOM/AAPL settle litigation. QCOM soars yesterday and is gapping up today. This really helped the SOX again yesterday.
NFLX lowers guidance from $1,00 to 55 cents for next quarter. Sales decelerate again. Stock down 7% in after hours yesterday. As we write this, up more than 2%.
INTC getting out of 5g or something like that because of the QCOM deal. INTC up $2.50 this morning.
CSX, KSU, PEP, UAL up on earnings.
BK really bad on earnings.
Futures be strong.
But…healthcare yikes. Go look at XLV. Managed care continued its crash yesterday. Gotta think bounce coming. HOSPITALS hit hard yesterday (HCA,UHS,THC). Even MEDICAL PRODUCTS hit hard yesterday.
Interest rate-sensitive UTILITIES and REITS may be done for now. Look at IYR and XLU. End of world not at hand but recent action reacting to higher rates.