Rising yields rattled the market, but we’re sticking with our favorite AI and retail stocks
CNBC·
- Stocks declined over the week as rising bond yields and oil prices pressured markets, while the S & P 500 fell 1.43 % and the Nasdaq dropped 2.05 %.
- The portfolio maintained its conviction in AI and retail stocks despite volatility, adding to positions in GE Vernova, Cadence Design Systems, Micron, and TJX Companies.
- Home Depot delivered a strong quarter with same-store sales rising 1.7 %, while tech holdings like Broadcom faced competition and debt-financing scrutiny.