Clean Energy Stock Could Soar 66%

All three benchmarks are heading toward monthly wins

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Midday Market Check
 
 

7/31/2019

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Stocks Drift Higher as Fed Decision Looms

By Patrick Martin

Share On

As July comes to a close, the Dow Jones Industrial Average (DJI) has traded on both sides of the aisle, but was last seen cautiously higher due to a post-earnings surge from Apple (AAPL). Meanwhile, the S&P 500 Index (SPX) also sits just above breakeven at midday, while the Nasdaq Composite (IXIC) is firmly in the black thanks to a tech sector rally. Nevertheless, all eyes are on the conclusion of today's Fed meeting, with the central bank widely expected to cut interest rates. Investors will also be clued in to post-decision remarks from Fed Chair Jerome Powell, set to take the podium at 2:30 p.m. ET. 

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

  • This clean energy stock could soar another 66%, per H.C. Wainwright.
  • Advanced Micro Devices stock is reeling after dismal guidance.
  • Plus, GrubHub options bears make a short-term wager; 19-year highs for Akamai Technologies; and an ugly quarterly report for Molson Coors.
>> Continue reading...
LATEST HEADLINES

>> HUM Stock's Rally Isn't Over Yet, If History is Any Indicator
Humana reported a second-quarter earnings and revenue beat before the bell today
>> Garmin Stock Finds Its Way Higher After Impressive Earnings
The GPS concern reported earnings and revenue that exceeded analysts' estimates
>> Advanced Micro Devices Stock Takes a Breather After Weak Guidance
Several analysts have chimed in today with a variety of opinions
>> Enphase Energy Stock Upgraded on Earnings Beat
Alternative energy stock ENPH has had a huge year
>> Lattice Semiconductor Stock Set for New Highs After Earnings
A round of analyst bull notes have poured in, too
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