Dow Jones today finished in the green along with the S&P 500 Index or SPX, Russell 2000, and Nasdaq-100. Stocks rose to the highest level since early June of this year. Some commodities that influence inflation traded lower. These included crude oil, gasoline, and gold. Natural gas, however, was up over 8%. Next, Scott Connor weighs in on ConocoPhillips (COP), Chevron (CVX), Apple (AAPL), AMD Inc. (AMD), and Amazon (AMZN) stocks showing strength. On the other hand, relative weakness was seen in Procter & Gamble (PG), PepsiCo (PEP), UnitedHealth (UNH), Pfizer (PFE), and Duke Energy (DUK). The Netflix (NFLX) stock price rose today after their earnings report was revealed. United Airlines (UAL) EPS came in at $1.43, missing the $1.86 estimate. Also, Tesla (TSLA) maintained good margins according to their earnings call. Finally, Scott Connor discusses economic data like MBA Mortgage Applications and Existing Home Sales.
21 Jul 2022