The stock market closed lower on Monday, mainly attributable to higher oil prices and renewed Middle East tensions. These pushed the 10-year Treasury yield up to about 4.75% and increased concerns about a possible Fed rate hike.
Overall, S&P 500 fell 0.3% to 7,686, while Nasdaq decreased 0.1% to 26,371.
Chart of the Day
Here is the one-year chart of Arista Networks (ANET) as of August 24, 2026, when the stock was at $188.
Arista Networks saw growth accelerate last quarter as demand for AI and data center networking increased. Profit growth has accelerated during the past four quarters, from 25% to 26%, 34% and most recently 40%. Annual Profit Estimates increased for the 19th consecutive quarter.
Revenue growth accelerated to 38% last quarter, from the 29% Arista Networks delivered in each of the prior two qtrs. Managment now expects revenue to jump 40% in 2026, which we find remarkable.
ANET is part of the Growth Stock Portfolio and Focus List. It’s a core tech holding for us.
