Assessing the January Barometer

AAPL's quarterly update is receiving bullish reviews

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OPENING VIEW     1/29/2020
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Dow Futures Lifted By Apple, Boeing By Josh Selway Share On A busy week on Wall Street continues today with another full slate of earnings and economic updates. Traders are considering last evening's quarterly report from Apple (AAPL) that has shares of the tech giant moving higher before the open, and fellow blue chip Boeing's (BA) post-earnings gains, as well. Outside of corporate earnings updates, the Federal Open Market Committee (FOMC) will wrap up its January meeting today. No change to monetary policy is expected, but investors will be monitoring Fed Chair Jerome Powell's post-meeting comments closely. Against this backdrop, futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are pointing to a positive start for stocks. Continue reading for more on today's market, including:  Schaeffer's Senior Quantitative Analyst Rocky White assesses the January barometer. Why this networking stock is set up for bulls. Plus, McDonald's earnings update; a sinking chip stock; and today's big retail report. >> Continue reading...
LATEST HEADLINES
>> Assessing the January Barometer Theory The Investor Intelligence poll is quite bullish right now >> Dow Bounces Back, Snaps Five-Day Skid Panic over the coronavirus has cooled off today >> Networking Stock Set Up for Bulls CIEN stock has been moving higher in recent months >> Dow on the Rebound After Yesterday's Sharp Sell-Off Stocks are continuing their recovery from yesterday's massive sell-off >> Traders Stand Behind Retail Sector XRT is currently trading above all major moving averages Sponsored This Mysterious Retirement Benefits Book Is Changing Lives Inside THIS MYSTERIOUS BOOK is 100 life-changing ways to maximize your retirement benefits... My Wife and I Got $17,000 Right Off the Bat! "Excellent book! Making my wife and I almost $17,000 right off the bat and increasing our retirement income by well over a third. Purchase of this book was my biggest and best investment ever!" -- Rick M. Click here to learn how to claim your copy now.
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