Celanese's low P/E ratio is due to anticipated sliding earnings. Shareholders accept this as they expect no pleasant surprises in future earnings. These conditions form a barrier for the share price.

Marten Transport's high P/E ratio is worrying due to its lower predicted growth compared to the market. The anticipated future earnings may not sustain the positive sentiment, making current prices seem inflated. Despite investor hopes for a business turnaround, analysts remain skeptical.

The US stock market, bond market, and foreign exchange market suffered a “triple blow” last night, and the three major indices all fell significantly. The Dow Jones Industrial Average and the S&P 500 both recorded their biggest one-day decline in four weeks, while Tesla's decline reached its biggest in a month. After falling close to 7%, it finally closed down nearly 5%. The semiconductor sector was also under pressure. The three-game winning streak came to an end, falling 1.5%. Nvidia closed down 1% after falling 3% in the intraday period, and Intel even dropped more than 4% after the market. The European stock market had a “bad start” in the second quarter. The German stock market fell by more than 1%, ending a record high trend.
In the US, job vacancies in February were slightly higher than expected, the voluntary turnover rate reached its lowest point since 2020, and the number of layoffs hit the highest level in nearly a year. Tesla's delivery volume in the first quarter fell 8.5% year on year to 386,800 vehicles, far below analysts' expectations. This was the first time in four years that there was a year-on-year decline. At one point, its stock price fell nearly 7%. Intel disclosed financial data for its foundry business for the first time. Losses expanded to 7 billion US dollars last year, revenue fell 31%, and the stock price fell by more than 4% after the market.
It is worth noting that today's economic data includes the US service sector PMI for March, changes in the number of people employed in ADP in the US in March, and Federal Reserve Chairman Powell's speech.
On the bond market side, the 10-year US Treasury yield hit a four-month high and the biggest two-day increase in two months. After the two-year yield hit a new high in nearly two weeks...