May. 12 at 11:34 PM
Wednesday’s market focus includes several key catalysts likely to move trading. Investors are watching President Trump’s trip to China, with China-focused ETFs like FXI, MCHI, and KWEB still well below recent highs despite modest monthly gains.
Earnings and corporate updates are also in focus. Alibaba is set to report before the bell after a weak three-month stretch and a sharp pullback from its highs, while Cisco reports after the close following a strong recent rally and a new high earlier in the week. Honeywell CEO Vimal Kapur is also scheduled to appear on “Morning Call,” keeping the industrial group in view after recent weakness.
Broader market attention is shifting toward large-cap laggards and new lows, with stocks like Nike, IBM, Ingersoll Rand, Otis Worldwide, Jacobs Solutions, and NRG Energy all hitting multi-month or multi-year lows, signaling continued pressure in parts of the market even as indices hover near records.
$FXI $MCHI $KWEB $BABA $CSCO