Stocks Record Back-to-Back Gains Powered by Tech Stocks

A staff member carrying a green container and a blue commercial van parked on the side of the road.The stock market soared on Wednesday, with technology shares—especially those tied to artificial intelligence and semiconductors—driving much of the upside.

Overall, S&P 500 rose 0.8% to 6,946, while NASDAQ jumped 1.3% to 23,152.

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Here is the ten-year chart of Sherwin-Williams (SHW) as of February 5, 2026, when the stock was at $361.

Sherwin-Williams continued to weather a slower demand environment that has restrained profit growth. Last quarter, the company delivered 7% profit growth on a 6% increase in revenue. More than half of that revenue growth stemmed from its acquisition of Suvinil, a leading decorative paints company in Brazil. While some macroeconomic conditions gradually became stable, management believes that demand softness is likely to persist in 2026. With a lofty P/E of 30, I don’t see much upside for the stock in the near-term.

SHW is on the radar for our Conservative Growth Portfolio.

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