Big Week Of Market Moving Activity Ahead
The markets have been trading at relatively low volume as it braces for an exciting second half of the week ahead. Today we have Fed Minutes to look forward to at 2:00 PM. Jerome Powell will be providing us with more color on necessary monetary stimulus moving forward.
This week is riddled with high profile earnings with the most anticipated coming Thursday evening. The remainder of the four-comma club will be reporting their June quarter earnings after the bell July 30th.
Amazon AMZN and Apple AAPL more than doubled in value from trough to peak and are trading right off their highs. Both of their lofty valuations will be put to the test this Thursday along with Alphabet GOOGL and Facebook FB.
Keep an eye out for Q2 GDP figures Thursday, what is expected to be the worst quarterly decline in more than a decade.
Be cautious with your equity purchases going into what should be a volatile couple of days.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.