3 Reasons to Watch Apple This Week

Schaeffer's Market Recap

The Fed meeting and U.S.-China trade talks are just two things in focus this week

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Market Recap
 
 

7/29/2019

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Dow Outperforms Ahead of Busy Week on Wall Street

By Karee Venema

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It was a choppy start to a busy trading week, as speculators looked ahead to a crowded economic calendar -- which includes this week's Fed meeting -- as well as the latest round of U.S.-China trade talks. And at the start of a jam-packed earnings docket, blue chip Pfizer (PFE) dropped after the pharmaceutical concern lowered its full-year guidance and said it will merge its off-patent medicines division with generic drugmaker Mylan (MYL). While the Dow managed to brush off these headwinds to close higher on Intel (INTC) and Johnson & Johnson (JNJ) strength, the S&P and Nasdaq retreated from Friday's record highs as FANG stocks dropped.

Continue reading for more on today's market, including:

  • 3 reasons to watch Apple this week.
  • The best S&P stocks for August.
  • The level Under Armour bulls are eyeing ahead of earnings.
  • Plus, why DISH was downgraded before earnings; calls are cheap on this surging software stock; and behind Anheuser-Busch Inbev's rare upgrade.
>> Continue reading...
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>> 3 Reasons to Watch Apple This Week
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