Kevin Hincks starts his day by looking at weakness in the Nasdaq-100 (NDX) pointing to the steep selling in memory stocks like Western Digital (WDC) and SanDisk (SNDK). He discusses the expectations from Wall Street versus the reality of earnings reports and what it all means for stock price activity moving forward. Later, he and Nicole Petallides discuss several headlines impacting today&#x27;s trading including SpaceX (SPCX) facing its first lockup expiry, Jobless Claims below expectations and the ongoing negotiations with Iran on reopening the Strait of Hormuz. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Why "Great" Earnings Season Doesn't Mean Higher Stock Prices

Schwab Network

We'll continue to take a look at some of the big names on Wall Street and of course all the details of SpaceX and other economic news. Kevin Hanks live at the CBOE for our Pre-Bell Playbook is joining me right now for more. Good morning to you there at the CBOE, Kevin. Thanks for being with us. Let's start here looking at Western Digital and SanDisk. Both of these names are under pressure. And in one case, Sandisk failed to impress for the fourth quarter. Western Dig was more about the outlook.

Let's talk about these names and how they're affecting tech this morning. Yeah, memory is going to be extremely heavy. Within information technology, all these names are in the technology, hardware and storage section of information technology. That's why the NASDAQ's down. That's why you're going to see memory very heavy today. Remember, Western Digital's earnings, I've got it down pre-market around $80 pre-market.

That's going to affect Micron. That's going to affect SanDisk. That's going to affect Seagate. All those memory names are going to go down and then it could affect other names. Remember, Nicole, you're looking at stocks. A lot of them. One thing I notice throughout my day is a lot of these charts look the same, right? They've all rallied. Western Digital has rallied from $73 this year to $799 this year.

So the question is, are any earnings level good enough to hold these stocks at these levels? That's what they're going to have to work through in the next days and weeks because as of this morning, memory is under attack despite good earnings. It's just when the bar is this high, Nicole, sometimes nothing is good enough.

Why "Great" Earnings Season Doesn't Mean Higher Stock Prices

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Why "Great" Earnings Season Doesn't Mean Higher Stock Prices

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.