Summary
So was the DeepSeek debacle just another one of those sneaky one-day wonders? We shall see as, right on cue, fourth-quarter Information Technology EPS will start to come fast and furious. Some big names that report to lead the charge include MSFT, META, TSLA, ASML, NOW, IBM, LRCX, GLW, AAPL, and KLAC. The questions from analysts on the conference calls should be interesting — but it seems likely that companies won’t have too many answers, as the implications from DeepSeek could take months to figure out. So as we often say, if you want answers, follow price! Some of the stocks that got hammered on Monday recovered nicely on Tuesday, especially in the semiconductor, computer hardware, and software industries. NVDA carried the semis, jumping 9% and recapturing its 200-day average. The stock fell below its 200-day average on Monday for the first time since the bear market in 2022. AAPL led computer hardware, popping 3.7%, while MSFT, ORCL, CRM, PLTR, SHOP, and CRWD all jumped 3%-9%. Consumer Staples, Utilities, Real Estate, and Energy all fell at least 1%. The S&P 500 rose almost 1% on Tuesday and on lighter volume than on Monday (but it was still above average). The index filled much of the price gap from Monday and the top of the gap is at 6,089. A close bac
