FAANG Stock Gets Pre-Earnings Love

Apple and Boeing are continuing to prop up the Dow midday, as the former snaps up a brand-new high

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Midday Market Check
 
 

1/29/2020

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Stocks Stay Steady Despite Semiconductor Slide

By Lillian Currens

Share On

The Dow Jones Industrial Average (DJI) is holding steady on its morning gains, with a more than 100-point pop at the midway mark, as blue chips Apple (AAPL) and Boeing (BA) continue to prop up the index, with the iPhone manufacturer hitting an all-time high. Meanwhile, the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are waffling near breakeven, with the former paring back gains after several semiconductor stocks, including Advanced Micro Devices (AMD), are making a sharp move lower.

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

  • The FAANG stock getting blasted with bull notes ahead of earnings. 
  • Why the rumors surrounding L Brands are giving the stock a big boost. 
  • Plus, bulls bombard surging FEYE stock; LEE stock nearly doubles after buying Warren Buffett's news business; MMLP stock suffers post-earnings plummet. 
>> Continue reading...
LATEST HEADLINES

>> Options Bulls, Analysts Unfazed by AMD's Mixed Earnings
AMD was overdue for bull notes anyway
>> Amazon Stock Lands Double Dose of Pre-Earnings Bull Notes
Amazon stock recently pulled back to its 50-day trendline
>> L Brands Stock Eyes Best Day in Months Amid CEO Resignation Rumors
A Wall Street Journal report said L Brands' CEO is considering a full or partial sale of its Victoria's Secret unit
>> Dow Futures Lifted By Apple, Boeing
AAPL's quarterly update is receiving bullish reviews
>> Assessing the January Barometer Theory
The Investor Intelligence poll is quite bullish right now
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