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These stocks are close to forming the dreaded death cross pattern

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Markets,Zimmer Biomet Holdings Inc,Northrop Grumman Corp

There's trouble looming for some stocks even as the market trades near record highs.

There's trouble looming for some stocks even as the market trades near record highs. The S & P 500 and Nasdaq Composite hit fresh record highs Wednesday after the latest consumer price index reading — a widely followed inflation gauge — was unchanged in May month over month, raising hope for Federal Reserve rate cuts later this year. Economists polled by Dow Jones expected a slight gain. But broader market's momentum isn't translating into strong performances for some stocks.

Corporation Laboratory equipment maker

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