The Dow Jones, S&P 500, and Nasdaq will all open Sunday evening. This comes after Meta Platforms and Amazon propelled the Nasdaq to a two-year high and the Dow Jones and S&P 500 to fresh all-time highs on Friday. Although Big Tech earnings were mixed, they generally leaned towards the positive side, giving a boost to the sector.
In terms of market breadth, small caps struggled, and Tesla broke a weekly losing streak. Despite these challenges, certain stocks like Adobe, Axon Enterprise, MongoDB, Samsara, and Synopsys flashed buy signals, signaling potential opportunities for investors.
Looking ahead, earnings will remain heavy next week, with notable companies like Caterpillar, Chipotle Mexican Grill, Eli Lilly, ELF Beauty, Arm Holdings, and Pinterest among those reporting. Ultimately, it’s a stock picker’s market, and there have been plenty of stocks to choose from, with the video embedded in the article discussing the market action in depth, and analyzing specific stocks like MongoDB, Axon, and Synopsys.