Sector: Tech & Comm Services
Economic data and earnings will keep investors busy this week. More than a quarter of the S&P 500 companies are scheduled to release their earnings.
On July 18, New York Fed President John Williams's speech increased the Fed rate cut probability. He highlighted the importance of the Fed acting quickly.
CrowdStrike Holdings (CRWD) stock rose 16.0% on Friday, the day after the cybersecurity company announced its fiscal 2020 first-quarter results.
Medallia stock surged 76% on its first day of trading on the NYSE.
As of July 18, AT&T (T) has risen 15.9% in 2019. The stock has risen 4.4% in the last 12 months. AT&T stock is trading 23.5% above its 52-week low of $26.80.
e-Commerce giant Amazon (AMZN) is scheduled to report its second-quarter earnings results after the closing bell on July 25.
Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."
Netflix stock fell over 10.0% on Thursday and is down 0.5% today as well.
Kenya’s Safaricom and South Africa’s Vodacom want to team up to purchase M-Pesa rights from Vodafone (VOD).
US stock markets made an all-time high earlier this week. BlackRock CEO Larry Fink expects the markets to move even higher.