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Strong earnings but falling stocks: Why great results aren’t lifting prices
Nasdaq-100 weakness and memory-stock selling show earnings beats may not raise prices. Plus SpaceX lockup expiry, below‑expected jobless claims and Iran/Strait of Hormuz developments influencing markets.
Editorial companion
What stands out
Kevin Hincks opens by pointing to steep selling in the Nasdaq-100 (NDX), with memory names like Western Digital and SanDisk taking the brunt even as earnings season hands Wall Street plenty of 'good' headlines. The clip delivers a tidy reminder: profit beats do not automatically translate into higher prices when demand, lockup expiries, or geopolitics are working in the opposite direction. Hincks also flags SpaceX's first lockup expiry, surprisingly low jobless claims that keep the Federal Reserve (Fed) in focus, and renewed Strait of Hormuz tensions that amplify trading risk.