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The Morning Bull – US Market Morning Update Tuesday, May, 12 2026
US stock futures are pointing slightly lower this morning, as investors brace for April inflation data and higher borrowing costs. The consumer price index is expected at 3.7% year on year, with a firm 0.6% monthly reading, which would underline that the cost of living is still rising faster than many households would like. At the same time, the 10 year US Treasury yield sits near 4.4%, a level that keeps pressure on mortgages, credit cards and corporate borrowing. The key question is whether inflation stays hot enough to keep rates elevated, which matters most for growth sectors like technology and for interest rate sensitive areas such as housing and utilities.
With inflation and rates pressuring growth and rate sensitive sectors, focus on 70 resilient stocks with low risk scores.
Top Movers
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Lumentum Holdings (LITE) jumped 16.52% after a series of analyst price target increases and index inclusion headlines.
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Circle Internet Group (CRCL) surged 15.91% following first quarter results and the launch of Circle Agent Stack products.
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Coherent (COHR) gained 13.25% as multiple banks raised price targets on the stock in recent sessions.
Is Circle Internet Group still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
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Ubiquiti (UI) fell 12.29% after Barclays raised its price target on the stock.
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IREN (IREN) fell 9.89% following plans for a US$2.3b convertible note offering.
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Dollar General (DG) fell 7.64%.
Look past the noise – uncover the top narrative that explains what truly matters for Dollar General’s long-term success.
On The Radar
Inflation data and a cluster of tech and semiconductor events set the tone for US trading over the next few days.
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Inflation Focus: The April US CPI release on Tuesday will influence expectations for borrowing costs and interest rate sensitive sectors.
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Semiconductors: The Intel (INTC) AGM on Wednesday spotlights capital plans, long term investment needs and governance priorities.
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Chipmakers: The Advanced Micro Devices (AMD) AGM on Wednesday highlights board elections, executive pay and audit choices for the year.
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Networking: Cisco Systems (CSCO) Q3 results on Wednesday, after the close, will update views on enterprise and telecom hardware demand.
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Equipment Suppliers: Applied Materials (AMAT) Q2 results on Thursday, after the close, provide new detail on semiconductor equipment spending.
