Market indexes saw a reversal today, dropping -1-2% after initially being up this morning. Concerns over the sustainability of NVIDIA’s growth and better-than-expected labor market numbers weighed on investor sentiment. The market has been on a downward trend since November 12th, with major indexes seeing significant losses.

After the closing bell, Gap, Ross Stores, and Intuit all reported impressive earnings results. Gap’s revenue growth streak continued, Ross Stores beat earnings estimates, and Intuit posted strong numbers despite lowered earnings guidance for the next quarter. Shares of all three companies saw positive movement in after-hours trading.

Zacks Research Chief names a little-known satellite-based communications firm as the top pick for potential stock growth. Analysts predict a major revenue breakout in 2025 for this company, which operates in a rapidly growing industry. This stock could potentially surpass previous Zacks’ stock picks that doubled in value, making it a compelling choice for investors.

Read more at Nasdaq: Reversal of Market Fortunes on Leveraged Buying Fears