Stocks Uneven After Mixed Earnings; Investors Cautious Near Peak Reports
-
Dow futures fell modestly overnight along with S&P 500 and Nasdaq futures after mixed earnings from Intel, Visa, and others.
-
The stock market rally was uneven on Thursday but major indexes advanced; Tesla plunged 12% while Humana warned of higher medical costs.
-
Expedia, Adobe, Caterpillar and New Oriental Education flashed buy signals, but investors should be cautious adding new exposure very near-term.
-
Ark Invest bought more Tesla shares on the sharp selloff, but with no catalysts for some time, the Tesla growth story seems over.
-
With peak earnings next week, consider trimming winners and cutting losers to reduce exposure somewhat amid technical headwinds.