CrowdStrike, Bank of America, Microsoft, Zscaler and Corning: Why These 5 Stocks Are on Investors' Radars Today
Major U.S. stock indices closed lower on Monday, with the Dow Jones Industrial Average falling 0.29% to 52,421.20.
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Major U.S. stock indices closed lower on Monday, with the Dow Jones Industrial Average falling 0.29% to 52,421.20.
Corning stock fell 14% after announcing a $2 billion equity sale program to fund optical fiber production capacity for AI infrastructure. The decline was exacerbated by broader AI sector weakness following Anthropic CEO's proposal to slow frontier AI model training. However, the analyst suggests the selloff may present a buying opportunity since optical fiber demand should remain strong for AI inference applications.
Shares of Corning are trading lower Monday afternoon as investor concerns over potential share dilution from a massive equity program.
Security software surged on AI-safety warnings while optics and chip-test names cratered, as the 10-year yield briefly topped 5% and oil pushed past $102.
Verizon Communications (VZ) rose 1.28% to $50.61, outperforming the S&P 500's 0.86% gain. The stock has gained 3.63% over the past month. Analysts expect Q3 EPS of $1.29 (up 6.61% YoY) and quarterly revenue of $34.67 billion (up 2.52% YoY). VZ holds a Zacks Rank #3 (Hold) with a Forward P/E of 9.93, trading at a discount to its industry average. The Wireless National industry ranks in the bottom 10% with a Zacks Industry Rank of 223.
Two hot inflation prints lifted Fed rate hike odds to 90%, diesel topped $6 a gallon for the first time and the 30-year Treasury yield hit its highest since 2007.