Blue Chip Suffers Post-Earnings Pullback

The Dow is up 257 points at midday

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7/21/2021 Have you seen our volatility scorecard? Sign up by clicking here! Dow Set to Erase Losses as Stocks Extend Rebound By: Fernanda Horner The Dow Jones Industrial Average (DJI) is up 257 points this afternoon, on pace to completely erase Monday's selloff as investors sift through a slew of blue-chip earnings reports. The S&P 500 Index (SPX) and tech-heavy Nasdaq Composite (IXIC) are also sporting solid gains, with the latter brushing off a worse-than-expected quarterly report from Netflix (NFLX). Reopening plays are also set to extend their rebound today, despite falling earlier in the week due to reemerging Covid-19 delta variant fears. However, a number of strategists are now predicting a steep pullback, as traders continue to weigh inflation and virus concerns. Continue reading for more on today's market, including:  Why Johnson & Johnson stock failed to get an post-earnings pop. Blowout earnings beat pushes food powerhouse to fresh highs. Plus, options bears hone in on BOX; diagnostic name pops on massive Covid-19 test order; direct stock deal shakes STAF. Share on Read More...        Is the US government coming after Bitcoin? Bitcoin could crash soon. And even if you don't have a penny in cryptos YOU are going to feel the impact. The government is so afraid of cryptocurrency that some worry Biden will ban Bitcoin using a "backdoor" approach. Investors who know what to do could grow their money 60-fold in the months ahead. Get details here. Sponsored In Case You Missed It... Coca-Cola Stock Jumps to Annual Highs After Earnings Coca-Cola reported better-than-expected second-quarter earnings CMG Hits Fresh Highs After Blowout Earnings Beat Chipotle also raised its comparable sales growth forecast Johnson & Johnson Stock Unable to Score Post-Earnings Pop Covid-19 vaccine safety concerns and productions issues could be weighing on JNJ Dow Futures Rally as Blue-Chip Earnings Pour In Dow futures are up triple digits Bitcoin crackdown could be days away Evidence is growing that the U.S. government is conspiring to take down Bitcoin. The signs are everywhere. The CEO of Kraken, a top crypto exchange, warns a "crackdown" is coming. And if you have a bank account, collect Social Security or get a paycheck, it is going to impact you, even if you don't own Bitcoin! Urgent briefing has the details. Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.