2 Auto Stocks That Crashed After Earnings

Alphabet reported a quarterly earnings beat, while Apple and Intel struck a deal

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OPENING VIEW     7/26/2019
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Dow Futures Gain on Warm GDP Reception By Lillian Currens Share On Dow Jones Industrial Average (DJI) futures are pointed cautiously higher this morning, on pace to recoup some of Thursday's earnings-related losses as traders weigh the latest round of corporate earnings and gross domestic product data (GDP).  FAANG stocks are in the spotlight today, as Google parent Alphabet (GOOGL) is set to gap higher after an earnings beat. Meanwhile, Intel (INTC) is up 3.4% in pre-market trading after earnings, and on news that fellow Dow member Apple (AAPL) will pay $1 billion to acquire its smartphone modem chip business. On the economic front, the advance second-quarter GDP reading showed U.S. economic growth slowing to 2.1% -- the most sluggish pace since the first quarter of 2017. The figure edged just past consensus estimates, but doesn't seem to have rattled rate-cut hopes. Continue reading for more on today's market, including:  The airline stock that reversed early losses to close higher after earnings.  Why 2 car stocks stalled out.   Proceed with caution before betting on International Paper's big earnings pop.  Plus, Twitter and Starbucks set to soar on earnings wins, and Charles Schwab buys USAA.  >> Continue reading...
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