2 Stocks to Avoid Before Earnings

The Dow erased a triple-digit drop, with help from Home Depot stock

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Midday Market Check
 
 

8/20/2019

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Stocks Waffle as Recession Anxieties Resurface

By Lillian Currens

Share On

The Dow Jones Industrial Average (DJI) has muscled atop breakeven today, erasing a triple-digit deficit, with Home Depot (HD) stock up more than 4% after earnings. However, Treasury yields have dipped as recession anxieties begin to bubble up again, sending bank stocks lower. Wall Street is also anticipating the Fed's meeting minutes for July, which are expected out tomorrow afternoon. Meanwhile, the Nasdaq Composite (IXIC) and the S&P 500 Index (SPX) are mixed at midday. 

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

  • Why analysts are wary of these 2 stocks ahead of earnings. 
  • The FDA rejection that has the brokerage bunch berating this biotech with bear notes. 
  • Plus, BIDU's earnings report rocks the options pits; Cemtrex scales the Nasdaq; and the penny stock plunging on a halted trial. 
>> Continue reading...
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