Stocks up four weeks in a row
Make that four in a row as stocks cap another up week. Plus, the Fed’s back in the spotlight next week, but will the Bank of Japan actually give the markets what it wants to hear? And, Apple, Facebook, Google and Amazon have earnings reports coming up. Can the big four deliver the goods? Catch The Final Round at 4 p.m. ET with Justine Underhill, editor-in-chief Andy Serwer, markets correspondent Nicole Sinclair, and Yahoo Finance’s Jared Blikre.
DNC on tap
With the GOP Convention in the rear-view mirror, it’s time for the Democrats to step up. Hillary Clinton is poised to name Tim Kaine as her VP pick, but what do we know about him and his policies on business?
Winners and losers
Stocks ending the week on a down note include Skechers on an profit and revenue miss as the shoemaker blamed factors like currency fluctuations; industrial name Honeywell following a revenue miss; and Paypal, with shares dropping as analysts see margins shrinking for the online payment service following its mobile deal with Visa.
Stocks in the green today include toolmaker Stanley Black & Decker as it raised its full-year guidance; Puma Biotechnology as the drug maker submitted promising trial results to the FDA for its breast cancer treatment; and AMD, with shares of the chipmaker surging as it posted its first sales increase in nearly two years, citing increased demand for its video game and graphics cards.
Looking ahead
As discussed, we’ll have another big week of earnings with reports from the likes of Apple, Verizon, Coke, Boeing, Google, Pfizer and Amazon.
We’ll get a huge read on the economy with a first look at second quarter GDP. Economists are hoping to build on the prior quarter’s 1.1% growth rate.
Finally, the 2016 Democratic National Convention kicks off in Philadelphia. Speakers will include Bernie Sanders, Elizabeth Warren, Joe Biden and President Barack Obama. Clinton is expected to accept presidential nomination next Thursday.