Biotech shines amid broader sell-off in U.S. equities
Quant Rockets Performance Highlights
Top Gainers Today
Natera, Inc. (NTRA): +3.69%
Lumentum Holdings Inc. (LITE): +2.21%
Insmed Incorporated (INSM): +2.14%
Largest Decliners Today
Sandisk Corporation (SNDK): -7.88%
Western Digital Corporation (WDC): -5.90%
Micron Technology, Inc. (MU): -5.56%
Against this turbulent backdrop, the Quant Rockets portfolio showed resilience in select areas, with gains led by Natera (+3.69%), Lumentum (+2.21%), and Insmed (+2.14%). Strength in biotech and medical technology stood out as a rare bright spot, as risk capital appeared more selective within growth themes. Conversely, AI infrastructure and memory stocks faced pronounced pressure, with Sandisk (-7.88%), Western Digital (-5.90%), and Micron (-5.56%) all sharply lower—mirroring broader concerns around tech valuations. Cybersecurity (CrowdStrike -3.04%) and electronics manufacturing (Celestica -3.05%) also underperformed.
While a handful of industrials and miners posted modest gains, today’s session emphasized a defensive stance, with market participants clearly demanding stronger fundamentals and more reasonable valuations from high-growth names.
Evan’s Commentary
The status upgrades in NTRA and LITE are notable, as noted, biotech and healthcare continues to be the bright spot in this market. I would expect more new buy signals to emerge in this sector in the coming weeks.
Momentum Model Updates
Upgraded Outlook
Downgraded Outlook
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U.S. equities extended their decline for a fourth straight session today, with the S&P 500 down 0.83% and the Nasdaq 100 shedding 1.2%. Persistent concerns over an overheated AI sector, weak earnings from Home Depot, and sharp valuation resets for tech giants like Nvidia drove risk-off sentiment. The VIX spiked above 24, underscoring a clear risk aversion as investors rotated to safety ahead of key economic data releases.