Another busy week for investors and traders ahead in terms of eco-data earnings and overall potential market movers. Let’s take a market minute to get ahead of what’s to come.
A ramp-up in new Covid cases is bringing fear that we may take a step backward here, weighing on stocks to start the week. Wall Street continues to show signs of tracking the bond market, and bond yields posted fresh five-month lows this morning.
The first week of earnings season wraps up with major indices closely tracking the bond market in Wall Street’s version of “follow the leader.” Earnings absolutely matter, but right now the Fed’s policies are maybe a bigger influence. In the short-term the Fed is still the girl everyone wants to dance with.
CNBC host Jim Cramer has picked stocks of tech giant Apple Inc. (NASDAQ: AAPL) and thirteen other companies as best plays amid a potential rebound in consumer spending in the U.S.
Benzinga has examined the prospects for many investor favorite stocks over the past week.
Last week's bullish calls included the iPhone maker and top automakers.
Bank stocks, a vaccine maker and a leading miner were among the bearish calls seen.