Daily US Equity Report 2026-07-09 (Thu)
7/8 (Wed): semiconductors V-turned into a broad counterattack while a financial & consumer sell-off sent the Dow alone down ~500 pts. Nasdaq +0.20% at 25,870.65, S&P -0.28% at 7,482.71, Dow -1.09% at 52,348.39; breadth very weak at 56:143. China ADRs surged (BABA +11.05%).
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US 07/09 [7/8 (Wed) Semis V-turn into a broad counterattack; a bank sell-off drags the Dow alone down 500 pts: geopolitical heat rises (Trump declares the U.S.–Iran MOU “over”), oil spikes USO +3.02%, energy leads; the wiped-out chip chain rebounds AVGO +4.83%(expands Apple partnership) / ANET +8.76% / SNDK +6.77% / NVDA +3.65%, SMH +1.99%; financials & consumer sold off COF -5.39% / AXP -3.77% / JPM -2.5%; China ADRs surge, BABA +11.05%; Nasdaq +0.20% at 25,870.65, S&P -0.28% at 7,482.71, Dow -1.09% at 52,348.39; breadth very weak 56:143]
Data as of: 2026-07-08 (Wed) actual U.S. close · Generated: Taipei 7/9 07:00
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🎯 Today’s (7/9) Key Watch Points
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One-line summary
7/8 (Wed) semis V-turned into a broad counterattack; a financial & consumer sell-off sent the Dow alone down 500 pts — indices calm on the surface, violent divergence underneath: geopolitical risk returns (Trump declares the U.S.–Iran MOU “over”), lifting oil (USO +3.02% at 112.21) and energy stocks, while capital rotated out of prior defensive winners (financials / consumer) to heavily buy back the battered chip chain — AVGO +4.83% (expands Apple partnership) / ANET +8.76% / SNDK +6.77% / STX +3.91% / NVDA +3.65% / WDC +3.42% / AMAT +2.89%, SMH +1.99%; conversely financials & consumer caught down: COF -5.39% / AXP -3.77% / USB -3.01% / JPM -2.5% / BKNG -4.21% / LOW -3.64%, VRTX -4.56% dragging the Dow -1.09%.China ADRs surged in tandem, BABA +11.05% / PDD +2.68%. Breadth just 56:143 = the rebound is highly concentrated in chips and China ADRs; most stocks still closed red.
Main Themes
▲ Semis / Memory / Networking rebound across the board ANET +8.76%, SNDK +6.77%, AVGO +4.83%, STX +3.91%, NVDA +3.65%, DELL +3.52%, WDC +3.42%, AMAT +2.89%, TXN +2.73%, AMD +0.25%
▲ China ADRs / Energy pick up the baton BABA +11.05%, CNQ +4.28%, VRT +4.00%, PBR +3.48%, PDD +2.68%
▼ Financials / Consumer / Defensives catch down (dragging the Dow) COF -5.39%, SAN -4.37%, BKNG -4.21%, AXP -3.77%, LOW -3.64%, HDB -3.61%, SAP -3.29%, USB -3.01%, GE -2.98%, RTX -2.96%, VRTX -4.56%, PANW -4.88%
↳ “Sell-off reversal & buy-back, the index holds”: four straight days of violent sector rotation, direction reversed this time — the chip chain that was profit-taken in the prior leg V-turned higher today, while prior defensive winners (financials / pharma / consumer) caught down and rotated out. Nasdaq / QQQ closed green on megacap chips (+0.20% / +0.28%); the Dow fell -1.09% alone as heavyweight financials and consumer were sold off; breadth at 56:143 is very weak = this is a “narrow-based rebound”, capital is still rotating quickly within the market rather than turning broadly bullish.
Policy & Liquidity
Geopolitics heats up, oil keeps spiking Trump declared the U.S.–Iran memorandum (MOU) “over”, reigniting U.S.–Iran tensions → USO +3.02% at 112.21, energy stocks lead (CNQ +4.28% / PBR +3.48%); higher oil lifts inflation expectations and the 10Y climbs to about 4.57% (+4bp), pressuring high-multiple growth stocks and rate-sensitive financials alike.
Earnings season is about to kick off This week’s cadence: 7/14 (Tue) JPMorgan / Wells Fargo / Citi / BlackRock kick off the season + June CPI (the most critical inflation print before the FOMC) → 7/15 (Wed) BofA / Morgan Stanley / Goldman → 7/16 (Thu) Netflix after the close + TSMC / ASML (the most critical fundamental check after the second sell-off in memory / equipment) → 7/28-29 FOMC. Today’s bank-stock sell-off is precisely a pre-earnings-season repositioning.
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🏛 Market Backdrop 7/8 close
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🌡 Macro Risk Signals 7/8 close · Futu / CNN actuals
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📅 Earnings / Key Events — Next 2 Weeks 7/8 - 7/22
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💡 Key Takeaways
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🔎 Focus Stocks: NVDA / AVGO / SNDK / MU leaders lead + a memory V-turn rebound
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| 🚀 Momentum Picks — Top 5Selection logic: a momentum × relative-valuation two-factor screen — strong across all three windows (5D/10D/20D) with Fwd P/E inside the sector’s reasonable range (a valuation gate removes the overly expensive), ranked by “momentum strength × valuation cheapness”; revenue / earnings / themes are not considered. |
1HOOD RobinhoodBrokerage / Fintech 5D +13.21%10D +10.00%20D +33.50%Fwd P/E 38.3, reasonablemarket cap $102.2B back to the top: 5D/10D/20D (13.2/10.0/33.5) aligned across all three, with 20D the best on the entire list; 7/8 +0.56% stays green as momentum re-accelerates from third to first; Fwd 38.3 is reasonable within the brokerage-growth band. |
2SCHW Charles SchwabBrokerage / Fintech 5D +10.22%10D +9.20%20D +15.46%Fwd P/E 13.9 ★cheapmarket cap $176.9B deep value + three-window alignment: 5D/10D/20D (10.2/9.2/15.5) a strong staircase; 7/8 only -0.23%, resilient; Fwd just 13.9 at the cheapest end of the financial band — strong on both momentum purity and valuation. |
3SPGI S&P GlobalFinancial data / Ratings 5D +11.81%10D +13.80%20D +9.17%Fwd P/E 21.1, reasonablemarket cap $127.5B balanced across three windows, slips to third: 5D/10D/20D (11.8/13.8/9.2) a strong staircase, but 7/8 -2.86% as financials caught down, slipping from first to third; Fwd 21.1 reasonable within the financial-data band. |
4ANET Arista NetworksNetworking equipment 5D +6.60%10D +11.60%20D +15.80%Fwd P/E 40.6, reasonablemarket cap $228.0B the new AI-networking leader, newly added: 5D/10D/20D (6.6/11.6/15.8) aligned across all three; 7/8 +8.76%, a high-volume breakoutleading the chip chain higher; Fwd 40.6 sits within the networking-growth band, newly added on accelerating momentum. |
5PGR ProgressiveP&C insurance 5D +6.60%10D +8.00%20D +16.30%Fwd P/E 14.1 ★cheapmarket cap $135.6B defensive + cheap, newly added: 5D/10D/20D (6.6/8.0/16.3) aligned across all three, 20D strong; Fwd 14.1 in the P&C cheap band, relatively resilient on a financials-catch-down day, prioritized by the valuation gate. |
*This “momentum selection” uses a momentum + relative-valuation two-factor ranking: the universe is the Top 200 by market cap, requiring 5D/10D/20D positive across all three windows, with each sector’s reasonable Fwd P/E range as a valuation gate.7/8 reshuffle: HOOD returns to the top(20D +33.5, momentum re-accelerating), SCHW rises to second (Fwd 13.9, cheapest), SPGI slips to third with the financials catch-down; ANET (+8.76% breakout) / PGR (Fwd 14.1, cheap) newly added; NET (Fwd 173.2) removed by the valuation gate; MCO / IBM aligned across three windows, relegated to the waitlist, with MELI / DDOG / CRWD also on the waitlist. Each % is the Yahoo 7/8 closing actual (cross-checked with Futu); Fwd P/E is the Yahoo same-day value. High-momentum names also pull back fast — be sure to set stop-losses and position limits. This information is for reference only and does not constitute investment advice.
📋 Full ListTop 200 by market cap · 20D gain > 20% · sorted by 20D
Semis · Memory/CPU Semis · Logic/ASIC/Equipment Software/Security Non-tech | Green= up on 7/8 Red= down on 7/8 | Rank / On-board: ▲▼= rank vs the prior trading day (7/7 close), ★new entry= newly on the board this period, +N= consecutive trading days on the board (incl. 7/8)
| Ticker / Name | Price | Gain (20D) | 1D (7/8) | 5D | 20D | YTD | Fwd P/E | Net income ($100M) | Market cap ($100M) | Rank / On-board | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOOD RobinhoodBrokerage / Fintech | 113.53 | +0.56% | +13.21% | +33.50% | +0.38% | 38.3 | 19 as of 3/31 | 1,022 | —+5 | |||
| PANW Palo AltoCybersecurity | 320.59 | -4.88% | -5.99% | +20.37% | +74.04% | 77.8 | 8 as of 4/30 | 2,613 | —+4 |
*the 20D > 20% main list narrowed from 3 names to 2: HOOD (+33.50) stays at the top(7/8 +0.56%, stabilizing with re-accelerating momentum); PANW (+20.37) stays second (though 7/8 -4.88% as fintech gave back gains, with 20D now near the 20% threshold edge); AMAT drops off the list(20D falls to +15.9% as the base-period rolling effect fades).Net income= trailing-four-quarter (TTM) total, in USD $100M; “as of M/D” is the latest fiscal-quarter end date, updated after the next quarter’s report.
📋 Full List (5D Momentum)Top 200 by market cap · 5D gain > 10% · sorted by 5D
Semis · Memory/CPU Semis · Logic/ASIC/Equipment Software/Security Non-tech | Green= up on 7/8 Red= down on 7/8 | Rank / On-board: ▲▼= rank vs the prior trading day (7/7 close), ★new entry= newly on the board this period, +N= consecutive trading days on the board (incl. 7/8)
| Ticker / Name | Price | Gain (5D) | 5D | 20D | 1D (7/8) | YTD | Fwd P/E | Net income ($100M) | Market cap ($100M) | Rank / On-board | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BABA AlibabaChina ADR e-commerce / cloud | 108.98 | +13.54% | -9.24% | +11.05% | -25.65% | 12.0 | 147* as of 3/31 | 2,613 | ★new entry+1 | |||
| PLTR PalantirAI software / analytics | 132.22 | +13.33% | -3.11% | -1.60% | -25.61% | 63.1 | 23 as of 3/31 | 3,170 | ▼1+5 | |||
| HOOD RobinhoodBrokerage / Fintech | 113.53 | +13.21% | +33.50% | +0.56% | +0.38% | 38.3 | 19 as of 3/31 | 1,022 | ▲1+5 | |||
| SPGI S&P GlobalFinancial data / Ratings | 430.79 | +11.81% | +9.17% | -2.86% | -12.87% | 21.1 | 48 as of 3/31 | 1,275 | ▼2+4 | |||
| NET CloudflareCloud / CDN | 273.40 | +11.46% | +10.34% | +1.70% | +38.68% | 173.2 | -1 as of 3/31 | 970 | ▲2+2 | |||
| PDD PDDChina ADR e-commerce | 84.74 | +11.09% | +2.57% | +2.68% | -25.27% | 6.9 | 133* as of 3/31 | 1,206 | ★new entry+1 | |||
| SCHW Charles SchwabBrokerage / Fintech | 101.70 | +10.22% | +15.46% | -0.23% | +1.79% | 13.9 | 90 as of 3/31 | 1,769 | ▼4+3 | |||
| CME CME GroupExchange / Derivatives | 243.07 | +10.07% | -3.56% | +0.96% | -10.99% | 18.8 | 42 as of 3/31 | 878 | ▲1+2 |
*The 5D momentum board narrowed from 10 names to 8(5D > 10%): BABA (+13.54) surges to the top on the China-ADR pop, PLTR slips to second, HOOD rises to third; PDD newly added(China ADRs rose alongside, +11.09); NOW / MCO / AAPL / IBM drop off(5D fell below the 10% threshold). Board composition = financial exchanges (SPGI / SCHW / CME) + China ADRs (BABA / PDD) + software (PLTR / NET) + brokerage (HOOD), still without a single semiconductor name (though the chip chain V-turned today, 5D remains deeply negative).Net income= trailing-four-quarter (TTM) total, in USD $100M (“as of M/D” is the latest fiscal-quarter end date); updated after the next quarter’s report; *NET TTM net income about -$100M (near breakeven); BABA / PDD net income is originally in RMB, converted to an approximate USD value at ~7.2 (marked “*”).
🤖 AI Sub-sector Breakdown after 7/8 close · 20D average
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📈 Breadth Snapshot Top 200 by market cap · 7/8 advancers vs decliners
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*7/8 breadth very weak: 56 advancers vs 143 decliners(A/D ratio 0.39:1), sharply diverging from the green Nasdaq / QQQ — the index is propped up by megacap chips (NVDA / AVGO / ANET), but over 70% of stocks closed red (financials / consumer / defensives catching down dragged the Dow -1.09%). This is a classic “narrow-based rebound day”: capital is highly concentrated in chips and China ADRs while most stocks are still consolidating; the rebound’s breadth base is thin, so watch its sustainability.
🔁 7/7 → 7/8 Change Tracker
| Stock | 7/7 close (back-calc) | 7/8 close | 7/8 change | Key change |
|---|---|---|---|---|
| BABA Alibaba | $98.14 | $108.98 | +11.05% | the day’s top gainer on the entire list: strong China-ADR buy-back (cloud / AI + e-commerce recovery), 5D +13.54% jumps to the top of the 5D momentum board |
| ANET Arista | $166.47 | $181.05 | +8.76% | a high-volume AI-networking breakout, newly added at fourth in the momentum picks; 20D +15.8%, the strongest in the logic/networking group |
| SNDK SanDisk | $1,617.66 | $1,727.18 | +6.77% | the strongest memory rebound, the pure-play NAND maker with the biggest bounce; yet 5D still -24.0% = V-turn to be confirmed |
| AVGO Broadcom | $370.78 | $388.69 | +4.83% | expanded partnership agreement with Apple triggered the chip-chain counterattack; market cap recovers to $1.85T |
| NVDA Nvidia | $196.93 | $204.12 | +3.65% | the leader spearheads the counterattack, market cap $4.94T holds first; the Nasdaq closed green on NVDA / AVGO |
| WDC Western Digital | $532.10 | $550.30 | +3.42% | memory/storage rebound, 20D back to positive +4.4%; yet 10D still -18.0% |
| AMAT Applied Materials | $554.48 | $570.50 | +2.89% | semiconductor-equipment rebound, 20D still +15.9%; yet 5D -21.1%, drops off the 20D main list |
| COF Capital One | $202.88 | $191.95 | -5.39% | the day’s biggest decliner on the entire list: credit-sensitive financials led the drop; pre-earnings repositioning + rising 10Y |
| PANW Palo Alto | $337.06 | $320.59 | -4.88% | security gave back with fintech; 20D +20.37%, nearing the list’s threshold edge |
| VRTX Vertex Pharmaceuticals | $522.25 | $498.43 | -4.56% | a prior pharma-defensive winner caught down as capital rotated back into chips |
| AXP American Express | $349.57 | $336.39 | -3.77% | consumer-finance catch-down, a Dow-heavyweight drag; USB -3.01% / JPM -2.5% weakened in tandem |
*7/7→7/8 the main axis reversed again to “semiconductor V-turn counterattack + financial & consumer catch-down”: AVGO’s expanded Apple partnership triggered a broad chip-chain rebound (ANET / SNDK / NVDA / WDC / AMAT), while prior defensive winners (financials COF / AXP, pharma VRTX, consumer BKNG / LOW) caught down and rotated out, dragging the Dow alone down -1.09%; China ADRs BABA / PDD surged in tandem. Back-calculated prior close = 7/8 close ÷ (1 + 7/8 change%).
📝 Summary core conclusions after the 7/8 close
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① Market structure: indices calm on the surface, violent divergence underneath — Nasdaq +0.20% at 25,870.69, S&P -0.28% at 7,482.71, Dow -1.09% at 52,348.39 (down 500 pts alone), SMH +1.99%. Nasdaq / QQQ closed green on megacap chips; the Dow slumped on heavyweight financial & consumer selling; VIX edged up to 16.90, breadth just 56:143, very weak= a classic “narrow-based rebound day”; for a fourth day capital rotated quickly within the market.
② Theme 1: AVGO expands Apple partnership, triggering a chip-chain V-turn counterattack: AVGO +4.83% (expands Apple partnership)drove the semiconductor counterattack — ANET +8.76% / SNDK +6.77% / STX +3.91% / NVDA +3.65% / WDC +3.42% / AMAT +2.89%, SMH +1.99%. The chip chain — bloodied in the prior leg by Samsung’s “good news fully priced in” — all V-turned today, yet 5D remains deeply negative (SNDK -24.0% / AMAT -21.1% / MU -17.8%) = stabilization or dead-cat bounce, hinging on the 7/16 TSMC / ASML checks.
③ Theme 2: financial & consumer catch-down, the Dow alone down 500 pts: geopolitical heat (U.S.–Iran MOU “over”) + oil spiking (USO +3.02%) + the 10Y rising to 4.57% + pre-earnings repositioning; COF -5.39% / AXP -3.77% / USB -3.01% / JPM -2.5% financials fell together; consumer names BKNG -4.21% / LOW -3.64% and pharma-defensive VRTX -4.56% caught down as well — prior defensive winners rotated back into chips, dragging the Dow -1.09%. A classic repositioning ahead of the 7/14 bank-earnings kickoff.
④ Theme 3: China ADRs surge, energy picks up the baton: BABA +11.05% takes the day’s top gain(cloud / AI + e-commerce recovery); PDD +2.68% rose alongside, giving the 5D momentum board a China-ADR duo (BABA +13.54 at the top / PDD +11.09 newly added); geopolitics lifted oil and energy stocks led (CNQ +4.28% / PBR +3.48%). The oil recovery also raises CPI tail risk, adding to the pricing variables around the 7/14 CPI.
⑤ List changes: 20D main list 3 → 2 names(HOOD +33.50 stays first, PANW +20.37 stays second near the threshold, AMAT drops off as the base-period rolling effect fades). 5D momentum board 10 → 8 names, China ADRs surge to the top(BABA to first, PDD newly added; NOW / MCO / AAPL / IBM drop off) — composition = financial exchanges + China ADRs + software + brokerage, still no semiconductors. Momentum-pick reshuffle: HOOD returns to first, SCHW to second, SPGI slips to third with the financials catch-down, ANET / PGR newly added(NET removed by the Fwd 173 valuation gate, MCO / IBM to the waitlist).
⑥ Conclusion & This Week’s Strategy: four straight days of violent sector rotation with a direction reversal (the previously bloodied chip chain V-turned, prior defensive winners caught down); the index held green on megacaps but breadth was just 56:143 = the rebound’s breadth base is thin. Key watch points: (1) whether the chip-chain V-turn continues= 5D still deeply negative, needs the 7/16 TSMC / ASML fundamental stabilization point; (2) whether the financials catch-down is a pre-earnings reset or a trend turning weaker= 7/14 JPM / WFC / Citi earnings + June CPI will tell; (3) the inflation variable from geopolitics (U.S.–Iran) + rebounding oil → pressuring rate-sensitive financials and high-multiple tech alike. In practice: the momentum axis is still not semiconductors (financial exchanges / China ADRs / brokerages); chasing the chip rebound requires volume-price and TSMC confirmation; a narrow-based rebound day is not one to chase — watch for breadth-repair signals.
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Sources: Yahoo Finance (Top-200-by-market-cap screen + self-computed 1D/5D/20D from charts; indices / ETFs / risk indicators / Fwd P/E / net income; cross-checked consistent with Futu Top 200 page 1), CNN Fear & Greed Index, TheStreet / Yahoo Finance / Kraken / StocksAnalyzer (7/8 post-close recap, U.S.–Iran geopolitics, AVGO-Apple, earnings calendar).
This report is for reference only and does not constitute investment advice. All percentages are Yahoo / Futu actuals; F&G and P/E are non-real-time estimated values; BABA / PDD net income is an approximate USD value converted from RMB.
DAILY US EQUITY · 2026-07-09 (7/8 U.S. close)
This report is for reference only and does not constitute investment advice. All percentages are Yahoo / Futu actuals; F&G and P/E are non-real-time estimated values; BABA / PDD net income is an approximate USD value converted from RMB.
DAILY US EQUITY · 2026-07-09 (7/8 U.S. close)
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