Yahoo Finance

The Chinese DeepSeek AI model became the "Deep Sink" for U.S. AI stocks. How come AI didn't predict DeepSeek? The S&P 500 fell 1.5% on Monday, but that was not where the main carnage took place. Information Technology (XLK) was down 5% and Utilities (XLU) were off 2.3%. And even that's not the full story, which comes from individual sectors and individual stocks that crashed. Semiconductors (SOXX, SMH) cratered 8% to 10%. The big semis (NVDA, TSM, and AVGO) plummeted 13% to 17%, with smaller names like ARM, and MRVL down 10% to 19%. The worst performers were some of the high-flying utility names like CEG and VST, plunging 21% to 28%. So far, the S&P 500 has back-tested the top of its bearish channel near 5,960 and held its 50-day average at 5,980. The five-day/13-day exponential moving average crossover is still bullish, but the CTM Trend Meter dropped quickly (one day) to neutral from bullish, and the 21-day rate-of-change (ROC) is close to flipping back into negative territory. The index did hold its early lows, a potentially positive sign. So other than an ugly gap lower in the morning, there was hardly any technical damage (but plenty of bruised AI egos). The Bitcoin chart remains interesting, as it back-tested a falling trendline off the first intraday high in mid-December and popped. This keeps the bullish sideways consolidation intact. Bonds have bounced as stock funds pour into safety. The TLT still needs to break above its prior high at $88.30 to complete a small inverse head-and-shoulders. Price stopped right below that area on Monday. (Mark Arbeter, CMT)

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

Marriott operates 1.7 million rooms across roughly 30 brands. At the end of 2023, luxury represented roughly 10% of total rooms, premium 42%, select service was 46%, midscale 1%, and other 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 97% of total rooms as of Dec. 31, 2023. North America makes up 63% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the US defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (43% of 2023 revenue), beverage packaging, EMEA (24%), beverage packaging, South America (14%)—and it generated $14 billion in revenue in 2023.