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The S&P 500 Index ($SPX) (SPY) is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%.  June E-mini S&P futures (ESM26) are up +0.70%, and June E-mini Nasdaq futures (NQM26) are up +0.79%.

Stocks are seeing support again today as reports circulate that an interim US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  However, Iran said its leaders still need to make a final decision on the proposed interim peace deal.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -3% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

In positive news for stocks, the University of Michigan’s June US Consumer Sentiment Index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.  Also, the University of Michigan’s June 1-year inflation expectations rate eased to +4.6% from +4.8% in May, and was weaker than expectations of +4.9%.  The June 5-10 year inflation expectations rate eased to +3.4% from +3.9% in May, weaker than expectations of +3.8%.

The markets are discounting a zero percent chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.9%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -3 ticks, and the 10-year T-note yield is up +1.6 bp at 4.477%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.1 bp at 2.306%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German bund yield is down -3.3 bp at 2.999%.  The 10-year UK gilt yield is down -6.6 bp at 4.839%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, started trading today near $160 per share, up nearly +20% from Thursday’s IPO of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the favorable SpaceX debut, with EchoStar (SATS) down more than -9%, and Rocket Lab (RKLB) down more than -7%.

Chip stocks recovered from early losses and are trading mostly higher.  The iShares Semiconductor ETF (SOXX) is up +2.25% today, adding to Thursday’s sharp rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include Arm Holdings (ARM)with a gain of more than +10%, and gains of more than +5% in Qualcomm (QCOM), AMD (AMD), and Intel (INTC).

Adobe (ADBE) is down more than -7% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  Autodesk (ADSK) is down more than -3% and Intuit (INTU) is down by more than -2%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) are all up more than +3%.

Energy stocks and service providers are trading higher with today’s continued sell-off in crude oil prices.  Occidental Petroleum (OXY), Valero (VLO), and Marathon Petroleum (MPC) are all up more than +2%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22. Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is seeing downward pressure after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Investing.com -- The broader software complex experienced widespread declines on Friday as fragile investor confidence gave way to a wave of sympathetic selling across the sector. The turn lower continued to arrest a month-long recovery fueled in part by strong corporate results and forward guidance from Snowflake.

The shift in capital allocation reflects a market that remains deeply hypersensitive to any perceived headwind within the enterprise technology layer. Rather than treating recent operational changes at Adobe Systems Incorporated (NASDAQ:ADBE) and heavy capital spending projections at Oracle Corporation (NYSE:ORCL) as isolated events, institutional investors have aggressively unwound positions across the board.

Wall Street analysts noted that Adobe's strategic pivot to a freemium model and Oracle's massive debt-funded data center buildout have fundamentally altered profitability expectations for the near term. Market observers widely concluded that these shifting corporate dynamics are injecting incremental uncertainty into a sector already struggling to defend its valuation multiples.

The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) fell slightly as it looked to close out a punishing week, dropping over 5% over the past five days, worsening a 15% fall over the past year. However, the damage has not entirely wiped out the sector's recent momentum, as the ETF maintains a 1.5% gain over the past month.

Large-cap enterprise names bore the brunt of the algorithmic and fundamental selling pressure as macro anxieties intensified. ServiceNow Inc (NYSE:NOW) slid around 1.5%, while data warehouse pioneer Snowflake Inc (NYSE:SNOW) dropped close to 1% during a volatile trading session.

Industry bellwether Salesforce Inc (NYSE:CRM) fell over 1%, as even the most deeply entrenched customer relationship software models have not been immune to the prevailing market malaise. Intuit Inc (NASDAQ:INTU) also joined the broader retreat, dropping close to 2.5% as investors trimmed exposure ahead of the weekend.

The downward pressure extended deeply into specialized software segments, prompting sharp losses in design and cybersecurity names. Adobe competitor Figma Inc (NYSE:FIG) lost over 6.5%, while Autodesk Inc (NASDAQ:ADSK) and data security provider Rubrik Inc (NYSE:RBRK) dropped 2.5% each as momentum capital rotated away from application layers.

The aggressive de-risking in software occurred against the backdrop of a broader equity stabilization, highlighting a painful performance divergence within technology. Investors actively favored hardware and semiconductor alternatives over application providers, pushing software back into a selective, sideways trading pattern.

Story Continues

The persistent weakness across these secondary software names underscores deep-seated fears that generative artificial intelligence tools will ultimately compress seat-based subscription pricing. Until the industry can prove these emerging technologies expand the total addressable market rather than cannibalize it, the sector appears poised to struggle for direction.

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Is INTU a good stock to buy? We came across a bullish thesis on Intuit Inc. on r/ValueInvesting by Crazrwire999. In this article, we will summarize the bulls' thesis on INTU. Intuit Inc.'s share was trading at $276.91 as of June 11th. INTU's trailing and forward P/E were 17.34 and 10.44 respectively according to Yahoo Finance.

Charts

Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. INTU is presented as a high-moat B2B SaaS compounder that has recently seen its share price decline to around $384, creating a generational deep value opportunity within a dominant financial software ecosystem. It argues that the business is not a cyclical tax play but a structural software monopoly, with roughly 59% of revenue derived from Global Business Solutions, including QuickBooks Online, payroll, merchant services, and Mailchimp, while TurboTax and Credit Karma represent the remainder.

Read More: 15 AI Stocks That Are Quietly Making Investors Rich

Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential

The company's moat is reinforced by extreme switching costs embedded in accounting ecosystems and CPA workflows, making migration away from QuickBooks economically and operationally prohibitive. At the same time, Intuit is shifting upmarket, with TurboTax Live growing 36% and QuickBooks Advanced expanding 38%, signaling an upgrade toward higher-ARPU enterprise and assisted services. Regulatory risk from IRS Direct File has also been effectively eliminated following its termination.

On valuation, a DCF framework using ~$9.2 billion in FCF, 8.5% discount rate, and 3% terminal growth produces a blended intrinsic value of approximately $1,126.75 per share, with scenario outcomes ranging from $480 in a bear case to $1,791 in a bull case driven by AI monetization through Intuit Assist.

The base case implies ~$1,060 per share, suggesting substantial upside from current levels. With a probability-weighted margin of safety above 60%, the market is seen as pricing in an overly pessimistic outcome. Intuit is positioned as a resilient compounder with expanding margins, accelerating AI-driven growth, and potential upside of roughly 170% to over 350% if execution remains intact.

Previously, we covered a bullish thesis on Intuit Inc. (INTU) by Quality Equities in May 2025, which highlighted durable moat, SaaS ecosystem and strong free cash flow growth. INTU's stock price has depreciated by approximately 58.18% since our coverage. Crazrwire999 shares a similar view but emphasizes deep value re-rating and DCF-driven upside lens focusing on AI monetization.

Story Continues

Intuit Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 92 hedge fund portfolios held INTU at the end of the first quarter which was 91 in the previous quarter. While we acknowledge the risk and potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

Disclosure: None.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.37%.  June E-mini S&P futures (ESM26) are up +0.03%, and June E-mini Nasdaq futures (NQM26) are up +0.40%.

Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses.  However, software stocks are on the defensive today, led by an -11% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.

Stocks are also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.

Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal.  Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan.  The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.

US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.

US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years.  However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.

WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today.  Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran.  However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.

The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.89%.  China's Shanghai Composite closed down -0.16%.  Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -3.0 bp to 4.523%.  T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.

Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.  Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.

European government bond yields are moving lower today.  The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -4.1 bp to 3.035%.  The 10-year UK gilt yield is down -2.6 bp to 4.905%.

The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."

The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.

Swaps are discounting a 64% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  KLA Corp (KLAC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT), Intel (INTC), Lam Research (LRCX), and Sandisk (SNDK) are up more than +6%.  Also, ARM Holdings Plc (ARM) is up more than +5%, and ASML Holding NV (ASML) is up more than +4%.  In addition, Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), Advanced Micro Devices (AMD), and Analog Devices (ADI) are up more than +3%, and Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Micron Technology (MU), Texas Instruments (TXN), and Western Digital (WDC) are up more than +2%.

Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -11% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components.  Also, Adobe Systems (ADBE) is down more than -5% to lead losers in the Nasdaq 100, and Salesforce (CRM) is down more than -3% to lead losers in the Dow Jones Industrials.  In addition, ServiceNow (NOW), Atlassian Corp (TEAM), Autodesk (ADSK), Intuit (INTU), and Workday (WDAY) are down more than -3%, and Microsoft (MSFT) is down more than -2%.

Navan (NAVN) is up more than +12% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.

Voyager Technologies (VOYG) is up more than +11% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.

Allegion Plc (ALLE) is up more than +1% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.

Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.

PDD Holdings (PDD) is down more than -2% after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.

Earnings Reports(6/11/2026)

Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in FocusNasdaq Futures Plunge as Tech Selloff Deepens, U.S. Inflation Data in FocusStocks Set to Extend Rebound Amid AI Dip-BuyingStock Index Futures Climb as Tech Stocks Rebound, U.S. Inflation Data and SpaceX IPO Awaited

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.20%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.53%.  June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.60%.

Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses.  However, software stocks are on the defensive today, led by a -10% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.

Stocks were also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.

Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal.  Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan.  The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.

US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.

US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years.  However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.

WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today.  Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran.  However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.

The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.41%.  China's Shanghai Composite closed down -0.16%.  Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -2.2 bp to 4.530%.  T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.

Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.  Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.

European government bond yields are moving lower today.  The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -2.8 bp to 3.048%.  The 10-year UK gilt yield is down -1.2 bp to 4.919%.

The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."

The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.

Swaps are discounting a 70% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Intel (INTC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT) and Lam Research (LRCX) are up more than +6%.  Also, KLA Corp (KLAC) and Sandisk (SNDK) are up more than +4%, and ARM Holdings Plc (ARM), ASML Holding NV (ASML), and Marvell Technology (MRVL) are up more than +3%.  In addition, Advanced Micro Devices (AMD) and Microchip Technology (MCHP) are up more than +2%.

Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -10% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components.  Also, Atlassian Corp (TEAM) and ServiceNow (NOW) are down more than -3%.  Salesforce (CRM) is down more than -2% to lead losers in the Dow Jones Industrials.  In addition, Adobe Systems (ADBE) and Workday (WDAY) are down more than -2%, and Microsoft (MSFT), Intuit (INTU), and Autodesk (ADSK) are down more than -1%.

Navan (NAVN) is up more than +16% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.

Voyager Technologies (VOYG) is up more than +10% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.

Allegion Plc (ALLE) is up more than +2% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.

Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.

PDD Holdings (PDD) is down more than -3% to lead losses in the Nasdaq 100 after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.

Earnings Reports(6/11/2026)

Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

As the U.S. Dollar Stands Strong, Sell the Canadian Dollar HereStocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in FocusGrain Market Update: Are Corn, Wheat, and Soybeans Finally Carving Out a Summer Bottom?Forget the Fed: Why the Knicks Winning the NBA Finals Could Be the Biggest Downside Catalyst for the S&P 500

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Brookfield Corporation (NYSE:BN) is one of the best Canadian stocks to invest in according to billionaires. On May 25, Brookfield Corporation received approval from the Toronto Stock Exchange to renew its normal course issuer bid, authorizing the purchase of up to 191,034,672 Class A Limited Voting Shares. This initiative represented 10% of the public float and was to run from May 27 to May 26. Transactions were to occur on the TSX, NYSE, or alternative trading systems at prevailing market prices.

During the previous bid period, which began in May 2025, the company purchased a total of 15,130,344 Class A Shares on a post-split basis at a weighted average price of $41.51 per share. Brookfield Corporation (NYSE:BN) is renewing the program to maintain flexibility in its capital allocation strategy, noting that all acquired shares will either be cancelled or used to support long-term incentive plans.Intuit (INTU) Launches AI-Native QuickBooks Workforce Platform

To facilitate these repurchases, Brookfield expects to implement an automatic share purchase plan around the week of June 15. This plan will allow for share acquisitions during periods when the company would otherwise be restricted from trading, such as internal black-out periods. At other times, repurchases will be conducted at management's discretion in compliance with all applicable regulations.

Brookfield Corporation (NYSE:BN) is a multi-asset manager investing across real estate, credit, renewable power, infrastructure, venture capital, and private equity.

While we acknowledge the potential of BN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

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Guinness Global Innovators, an investment management company, recently released its Q1 2026 quarterly investor update for its “Guinness Global Innovators Fund”. A copy of the letter is available to download here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In Q1 2026, the fund returned was -4.5% (GBP), compared to -1.6% for the MSCI World Index and -2.6% for the IA Global sector average. The quarter saw major changes in market sentiment due to geopolitical tensions and energy market disruptions. The market shifted focus from growth-oriented mega-cap technology and software stocks to value stocks, defensives, international markets, and physical economy sectors. The fund's lack of exposure to more defensive sectors and energy negatively impacted quarterly performance. The letter discusses how the geopolitical situation influences market dynamics and examines software industry weaknesses to determine the structural change in the landscape and how companies are being repriced in the market. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted stocks like Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. On June 10, 2026, Intuit Inc. (NASDAQ:INTU) closed at $284.22 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was -26.17%, and its shares lost 63.55% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $77.75 billion.

Guinness Global Innovators Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q1 2026 investor letter:

"Intuit Inc. (NASDAQ:INTU), the leading provider of financial and tax software for small and medium-sized businesses, ended the quarter as the Fund's weakest performer, reflecting market scepticism regarding the pace of its AI monetisation and broader fears of generative AI disrupting its core tax and accounting businesses. While there are certainly elements of the business that are exposed to AI disruption, in our view the risks may be overstated. In tax, the value of software lies not in automation or the completion of filings (already a commoditised function), but in brand trust, regulatory accuracy, and deep integration across the consumer finance ecosystem, connecting payroll providers, banks, brokers, and tax authorities. Intuit’s scale and decades of consumer brand investment underpin confidence that filings are done correctly, enable faster refunds through integrated lending capabilities, and provide access to human support when issues arise. These are advantages that general purpose AI tools cannot easily replicate. Intuit’s exposure to smaller businesses and its growing presence in the middle market further insulate the business, as customers of this size are likely to lack the resources or appetite to build and maintain in-house financial software. Finally, Intuit is proactively integrating AI into its offerings, as evidenced by AI-assisted features in TurboTax, which gives us reassurance about the company’s value proposition….” (Click here to read the text)

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TD Cowen Expects Strong Q3 Performance from Intuit (INTU)

Intuit Inc. (NASDAQ:INTU) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 92 hedge fund portfolios held Intuit Inc. (NASDAQ:INTU) at the end of the first quarter, compared to 91 in the previous quarter. In the third quarter of fiscal 2026, Intuit Inc. (NASDAQ:INTU) reported revenue of $8.6 billion, reflecting a 10% year-over-year growth.  While we acknowledge the potential of Intuit Inc. (NASDAQ:INTU) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Intuit Inc. (NASDAQ:INTU) and shared the list of deep value stocks to invest in. In its Q1 2026 investor letter, Baron Financials EFT noted that despite AI disruption fears challenging Intuit Inc. (NASDAQ:INTU), it continues to hold the stock due to its strong competitive position and numerous growth opportunities. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. This article is originally published at Insider Monkey.

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Intuit Inc. (NASDAQ:INTU), with a forward P/E of 10.91x and upside potential of 50.50%, is among the top 10 lowest forward P/E stocks in the S&P 500.Wall Street Sees 50%+ Upside In Intuit (INTU); Check Out Why

Andrey_Popov/Shutterstock.com

Intuit Inc. (NASDAQ:INTU) has been one of the steeper decliners in the S&P 500 this year, with AI disruption fears driving nearly 55% year-to-date losses and close to 60% over the past year. That sell-off has divided Wall Street between those who see an opportunity and those who expect further downside. Shares were trading at around $300 at the time of writing.

The most bearish analyst note came on June 2, 2026, when Goldman Sachs analyst Gabriela Borges downgraded Intuit Inc. (NASDAQ:INTU) to “Sell” from “Neutral” and cut the firm’s price target to $276 from $519. Borges said consensus estimates are likely too high for the next three years and that Intuit may need to revise its long-term growth targets lower. She expects downward estimate revisions to weigh on the stock over the next several quarters as the market adjusts to an updated growth algorithm of 5% to 10% in sales growth. Additionally, Goldman cited heightened competition in tax as a key concern.

Others have remained more constructive.

On May 26, 2026, Mizuho analyst Siti Panigrahi cut the firm’s price target on Intuit Inc. (NASDAQ:INTU) to $500 from $600 but kept an “Outperform” rating, pointing to a fiscal third-quarter TurboTax shortfall as the driver of the post-earnings selloff. Mizuho said the tax bull case remains intact, citing what it called durable long-term growth from TurboTax Live and the assisted tax category.

On May 22, 2026, Argus lowered its target to $480 from $580 while keeping a “Buy” rating. The firm noted that Intuit Inc. (NASDAQ:INTU) lowered its TurboTax revenue forecast despite beating on sales and EPS, and said management continues to push back on AI replacement concerns, pointing to customer integration, ease of use, scalability, and security across QuickBooks and other core products.

Despite bearish sentiment surrounding the stock lately, 26 of 30 Wall Street analysts covering Intuit Inc. (NASDAQ:INTU) maintain bullish ratings, with a median price target of $446.50 as of June 8, 2026.

Intuit Inc. (NASDAQ:INTU) provides business and financial management solutions. Its operations are divided into the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.

While we acknowledge the potential of INTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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Intuit (INTU) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this maker of TurboTax, QuickBooks and other accounting software have returned -23.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The Zacks Computer - Software industry, to which Intuit belongs, has lost 3.8% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings Estimates

Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Intuit is expected to post earnings of $3.55 per share, indicating a change of +29.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +31.2% over the last 30 days.

The consensus earnings estimate of $23.79 for the current fiscal year indicates a year-over-year change of +18.1%. This estimate has changed +4.2% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $27.33 indicates a change of +14.9% from what Intuit is expected to report a year ago. Over the past month, the estimate has changed +2.9%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Intuit.

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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS12-month consensus EPS estimate for INTU

Projected Revenue Growth

While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Intuit, the consensus sales estimate for the current quarter of $4.27 billion indicates a year-over-year change of +11.6%. For the current and next fiscal years, $21.37 billion and $23.9 billion estimates indicate +13.5% and +11.8% changes, respectively.

Last Reported Results and Surprise History

Intuit reported revenues of $8.56 billion in the last reported quarter, representing a year-over-year change of +10.4%. EPS of $12.8 for the same period compares with $11.65 a year ago.

Compared to the Zacks Consensus Estimate of $8.52 billion, the reported revenues represent a surprise of +0.45%. The EPS surprise was +2.56%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

Valuation

No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Intuit is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Intuit. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Intuit Inc. (INTU) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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Key Points

Intuit has delivered double-digit percentage revenue growth for several years while providing high profit margins. The stock has tumbled by more than 50% year to date as investors worry that AI is going to supplant its key products.10 stocks we like better than Intuit ›

If you looked at Intuit's (NASDAQ: INTU) 51% year-to-date drop without any context, it would be easy to assume that the company's fundamentals have deteriorated substantially. Or you might assume that the company's valuation had previously climbed to too lofty a level, and that it had undergone a necessary correction.

However, neither of those things is the case. Intuit is still gaining market share and has high profit margins. And in the wake of its decline, it has an 18.5 price-to-earnings (P/E) ratio. Its valuation hasn't been this low in more than a decade.

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Image source: Getty Images.

Focus on fundamentals over stock price movements

The stock looks attractive when you combine strengthening fundamentals with a share price that continues to plummet. This mismatch came about because of concerns that AI would inexpensively replace the types of software that Intuit specializes in.

The theory is that if people are able to use AI models to help them do their taxes and handle bookkeeping matters, there won't be much of a need for TurboTax or QuickBooks. Intuit's decision to cut its workforce by 17% earlier this year added to investors' worries on those fronts, but none of these concerns have yet shown up where it matters: in the company's financial results.

Intuit delivered 10% year-over-year revenue growth in its fiscal 2026 third quarter, which ended April 30. Net income also rose by 9% year over year, resulting in a 35.8% net profit margin.

Intuit's revenue is always a bit lumpy, since most of its sales come during tax season. However, it has consistently maintained double-digit percentage revenue growth rates for several years. For instance, it has a five-year compound annual revenue growth rate of 19.7%. While the fintech company's revenue growth has decelerated in recent years, a 10% growth rate does not justify a 51% year-to-date drop.

Intuit doesn't only rely on TurboTax

Revenues from TurboTax are still growing -- they were up by 7% year over year in the company's fiscal Q3 2026. Meanwhile, TurboTax Live is projected to grow by 36% year over year in fiscal 2026, and that makes up more than half of total TurboTax revenue. As this facet of the top line becomes larger, it should accelerate TurboTax's overall growth rate.

Even then, Intuit still has other growth levers. Credit Karma revenue was up by 15% year over year as consumers took out more loans. The global business solutions segment also jumped by 15% year over year.

The global business solutions segment is notable, since it made up almost 40% of Intuit's total revenue. That result prompted Intuit to raise full-year guidance to 16% year-over-year growth for the global business solutions part of the company, which includes QuickBooks and MailChimp.

Intuit's fundamentals tell a different story from its recent stock price movements. As more investors come to recognize that difference, the stock should start to reclaim some of its lost ground.

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Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuit. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.