Bull Note for FAANG Stock Ahead of Earnings

The Dow is weighing quarterly reports from Boeing and Caterpillar

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MIDDAY MARKET CHECK     10/23/2019
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Stocks Climb as Earnings Roll In By Patrick Martin Share On The Dow Jones Industrial Average (DJI) is higher at midday, as Wall Street unpacks another day of corporate earnings. The blue-chip index is shaking off a sub-optimal earnings reaction from Caterpillar (CAT) thanks to Boeing (BA), which is higher on a revenue beat and another timely 737 MAX update. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, although the latter's gains are held in check by struggling semiconductor sector, in the wake of lackluster guidance from Texas Instruments (TXN).   Continue reading for more on today's market, including: Credit Suisse has high hopes for this FAANG stock ahead of earnings. Skechers' earning reaction was less volatile than anticipated. Plus, Chipotle options hot after slower sales growth; ALXN bounces off after earnings; and Broadcom sinks with the chip sector. >> Continue reading...
LATEST HEADLINES
>> Bull Note, Quantum Computing Breakthrough Boost GOOGL Stock Credit Suisse lifted its price target on Alphabet to $1,700 >> Skechers Earnings Move Falls Far Short of Volatility Expectations The options market was expecting a huge move from Skechers >> Tech Stock In NYSE Gutter After Guidance Cut, CFO Change REZI is overdue for more bearish analyst attention, too >> CAT Stock Tries to Shrug Off Earnings Miss, Asia Weakness Caterpillar posted earnings and revenue below analyst estimates >> The IRS Loopholes Retirees Need to Know Click to continue to advertiser's site. Sponsored [Urgent] Federally legal pot in these ten states, starting this year? The financial media has widely reported that the marijuana floodgates are about to open. Put yourself on the list of new marijuana millionaires with one simple step. Learn more in our free report, An American's Investor Guide to Becoming a Legal Marijuana Millionaire. Click here for Free Download
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