2 big things to watch this week as the S&P 500 looks to extend its historic
Could the rallying S & P 500 go for 10 in a row? The S & P 500 on Friday extended its winning streak to nine straight sessions. That incredible run, not seen for 20 years, wiped out all the losses since President Donald Trump announced his “reciprocal” tariffs on April 2. Stocks soared Friday on a strong jobs report and signs that trade negotiations are progressing . For the week, the S & P 500 gained nearly 3%, while the Dow rose 3% and the Nasdaq advanced 3.4%. .SPX .IXIC,.DJI mountain 2025-04-28 S & P 500, Nasdaq, Dow since April 28 The S & P Short Range Oscillator on Friday finished in overbought territory once again. It’s the sixth straight session above that threshold. During these times, we like to lighten up on stocks. Last week, we only made one trade . On Monday, we booked some profits on CrowdStrike after a huge run for the cybersecurity stock. CrowdStrike has been our top performer year to date with a nearly 29% gain versus losses of 3.3% and almost 7%, respectively, for the S & P 500 and Nasdaq. Quarterly earnings from megacap Club names like Microsoft and Meta Platforms also played a role in last week’s market upswing. Microsoft and Meta were our top two performers last week, up 11% and 9%, respectively. Both management teams helped assuage investor concerns that the president’s threats of higher levies would nix the artificial intelligence trade. Here’s a rundown of earnings from those two and the eight other portfolio names that reported last week. Tuesday Honeywell: This industrial conglomerate posted a solid quarter, highlighted by management’s reassuring remarks about how the company plans to mitigate tariff risks. Starbucks: The coffee chain disappointed this quarter . But we’re not giving up yet. Starbucks’ turnaround plan still looks promising under CEO Brian Niccol. Wednesday Microsoft: The software and cloud giant proved naysayers wrong with its quarterly results. Strength in Azure showed how its massive AI investments are starting to pay off. Meta Platforms: The social media giant’s strong quarter quieted near-term tariff worries. CEO Mark Zuckerberg said Meta is “well-positioned to navigate the macroeconomic uncertainty.” Thursday Eli Lilly: The drugmaker posted great sales for its GLP-1 franchise, which includes Mounjaro for diabetes and Zepbound for obesity. But a partnership between rival Novo Nordisk and CVS Health overshadowed Lilly’s solid quarter. We’re not worried. Linde: This industrial gas and engineering firm kept its earnings beat streak alive for yet another quarter. Amazon: The e-commerce and cloud company failed to impress with its light guidance . Still, we maintained our buy-equivalent 1 rating on the stock because of growth in two of its high-margin revenue streams: Amazon Web Services and advertising. Apple: We’re pleased to see that management delivered better-than-expected iPhone sales , but a services miss was a disappointment. Friday DuPont: This quarter was better than expected , highlighted…
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