Schaeffer's Market Recap Positive earnings reactions for GOOGL and SBUX fueled upside for stocks
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| | | 7/26/2019 | |
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| S&P, Nasdaq Brush Off Trade Noise to Nab Record Highs | | By Karee Venema | | Earnings drove stocks higher today, with positive reactions for Alphabet (GOOGL) and Starbucks (SBUX) pushing the S&P and Nasdaq to new record highs. The Dow brushed off an early dip to swing higher, too, led by strong sessions for Coca-Cola (KO) and Procter & Gamble (PG). The upside came even as National Economic Council Director Larry Kudlow said a "grand deal" likely won't occur at next week's trade negotiations between the U.S. and China, while traders also digested a tame gross domestic product (GDP) update ahead of next week's Fed meeting. Continue reading for more on today's market, including: - Twitter bulls won big after earnings.
- Signal says short this energy stock ahead of earnings.
- Plus, time to buy puts on this bank stock; Mattel soars on revenue shocker; and a health insurance stock that's nearly tripled this year.
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