Cyril Zingaro/Keystone
Ford stock fell as much as 2.3% in trading Thursday morning, when the automaker announced that its profit this quarter could be as low as 36% below its previous estimate.
What analysts say: U.S. car sales likely have likely reached their cycle peak, given rising automaker inventories and recent data showing that used car prices are falling. Expect car stocks this year to trail the pack.
Illustration: Aïda Amer/Axios
One of the big themes at CES this year has been the race to own the media experience when cars go driverless.
Why it matters: The complications around who will own the data, how connectivity will work and what "driverless" actually means haven't stopped companies from making big announcements this year.
Defense sector stocks have predictably seen major buying since the killing of Iran Gen. Qasem Soleimani, in particular Northrop Grumman and Lockheed Martin.
Why it matters: The gains may not be temporary, analysts say.
The U.S. stock market rose broadly on Thursday, but a number of retail stocks went south after companies revealed distressing news about their holiday sales.
What happened: J.C. Penney and Kohl’s reported lower sales during the critical months of November and December, and Macy's announced poor holiday sales and the closure of several stores.