The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks … Read more
CNBC’s Jim Cramer alerted investors on Friday that next week will be a consequential one for Wall Street, pointing to a heavy load of quarterly earnings and a Federal Reserve meeting. “Make no mistake, next week matters,” Cramer said. He later added, “The bottom line? Mag Sevens. Momentum pays. Red-hot industrials, and a Fed meeting. … Read more
Megacap earnings results next week could lift a stock market that’s broadened out to include a larger number of winners. Earnings kick into high gear next week, with four of the so-called Magnificent Seven companies set to report: Meta Platforms , Microsoft , and Tesla report Wednesday, while Apple posts Thursday. But the group isn’t … Read more