Wall Street looked for stability on Tuesday, with some of the major indexes able to muster gains ahead of a vital inflation reading tomorrow.

the 10-year Treasury bond, after hitting 3.2% yesterday, fell back below the 3% threshold to 2.94%. This interest rate cut removed some of the pressure from more buoyant stocks (which had been pummeled on Monday), with Technology (+1.5%) companies leading the session relief rally. Semiconductor stocks such as Nvidia (NVDA, +3.8%), Broadcom (AVGO, +3.3%) and NXP Semiconductor (NXPI, +3.2%) were among the notable gains of the day.

But all was not rosy. Investors continued to punish once hot companies that showed signs of weakness.

For example, the manufacturer of artificial intelligence lending platforms Assets received (UPST) plunged 56.4% to trade around all-time lows. Although it beat Street’s estimates for first-quarter earnings, the company cut its full-year revenue forecast to $1.25 billion from $1.4 billion previously.

Work from home darling Interactive Platoon (PTON, -8.7%) continued its slide after reporting a 15% year-on-year sales decline, a net loss of $757 million and falling cash which the CEO said Barry McCarthy, left the company “barely capitalized”.

Same AMC Entertainment (AMC, -5.4%) fell despite a fairly encouraging report in which the Batman and Spider-Man films helped the theater company report a lower-than-expected quarterly loss.

Still, the major indices showed some strength. the Nasdaq Compound rebounded 1.0% to 11,737, while S&P500 improved by 0.3% to 4,001. Dow Jones Industrial Average brought up the rear, down 0.3% to 32,160.

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“Markets are clearly confused about what the Fed will do this year and how aggressive it will become. you see it in fed funds futures,” says Kristina Hooper, chief global market strategist at Invesco. “And that’s reflected in the volatility of the stock markets, with the VIX above 30.”

The big story to watch tomorrow is the Bureau of Labor Statistics’ Consumer Price Index (CPI) report for April. BlackRock, for its part, expects headline CPI growth of 8.1% and core CPI growth of 6.0% after increases of 8.5% and 6.5% in March.

“A weaker-than-expected CPI report later this week could help turn the tide and see investors re-embracing risky assets,” said Brian Price, head of investment management for independent broker Commonwealth. FinancialNetwork.

Other news on the stock market today:

• Small cap Russell 2000 slipped slightly to 1,761.
• U.S. Crude Futures slipped below $100 a barrel, ending the day down 3.2% at $99.76 a barrel.
• Gold Futures Contracts fell 0.9% to settle at $1,841 an ounce.
• Bitcoin recouped a 0.5% gain to $31,315.54. (Bitcoin trades 24 hours a day; prices shown here are as of 4 p.m.)
• let’s group (GRPN) slid 12.5% ​​after the e-commerce market fell to an adjusted loss of 80 cents per share in the first quarter, compared to earnings per share of 25 cents in the first quarter of 2021. GRPN also said that revenue had fallen 41% year-over-year to $153.3 million, while global units sold fell 29% to 12.7 million. The company also gave soft revenue guidance for the current quarter and full year. “The underperformance was due to a weaker rebound in local impacts following omicron in January and February,” says Credit Suisse analyst Stephen Ju, who maintained a neutral (hold) rating on GRPN. “As merchants have found themselves in a high demand/low capacity environment, they have not been incentivized to take advantage of discounts. Additionally, local April billings continue to trend at Q1 2022 levels ( as a percentage of 2019) and the latest trends suggest an elongated recovery path.”
• Vroom’s (VRM) lower than expected first quarter loss sent shares up 32.4% today. In its first quarter, the online used-car dealership posted a loss of 71 cents per share against a consensus estimate of a loss of $1.07 per share. Revenue of $923.8 million was also higher than analysts expected. VRM also announced a new business realignment plan for long-term growth which it says will result in up to $165 million in cost savings through the remainder of 2022. more profitable,” says Colin Sebastian, analyst at Baird Equity Research (Outperform). “Given the current market environment and the challenges of scaling an ‘asset light’ online retail platform, we believe this pivot makes sense.”

Stick to (most of) your guns

“More than anything, volatility is a test of investor courage.” So says Ross Mayfield, investment strategy analyst at research firm Baird, who notes that while we’re often told volatility is the price to pay for long-term stock market gains, ignores the fact that volatility can take many forms.

“March 2020 saw a heartbreaking fall, but also a relatively quick rebound. At the other end of the spectrum, markets are sometimes plagued by periods of high volatility that spin relentlessly,” he says. “Each is a challenge in its own way; withstanding a big drop requires a stomach of steel, but longer periods of frustrating volatility require real courage.”

While staying the course isn’t easy, you can at least make it less difficult for yourself by focusing on higher quality investments with a longer-term view. Equity investors could turn to the higher-rated components of the Dow Jones; fund investors should stick to well-managed products, such as those Vanguard funds commonly found in 401(k) plans.

But remember: keeping a cool head doesn’t mean you should never sell in a downturn – on the contrary, the only thing worse than taking losses in the first place is holding low positions that will hedge you for more. red ink down the road.

With that in mind, we’ve taken a look at some of Wall Street’s least favorite names right now. Remember: sell calls are generally rare within the analyst community, so the fact that the pros are calling for more dips in these names, rather than saying buy the dips, is noteworthy.

Check out Wall Street analysts’ list of stocks to sell right now.

Kyle Woodley has been NVDA for a long time at the time of this writing.