Alphabet earnings and 3 more things we're watching in the stock market next week

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Club Week In Review News

Jim Cramer,Investment Strategy,Markets

Alphabet headlines a group of Club holdings reporting earnings next week. Meanwhile, the Fed's favorite inflation gauge is the biggest economic release.

This week was all about rotation. Investors spent much of the week shifting funds around, locking in profits with winners — mainly megacap tech stocks — and taking positions in many overlooked areas of the market that are due for a bounce, especially once the Federal Reserve starts cutting interest rates. The result: The Nasdaq shed more than 3%, ending its winning streak of six weeks, and the S & P 500 lost 1.5%. On the flip side, the Dow rose 0.

U.S. President Donald Trump speaks on Day 4 of the Republican National Convention , at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 18, 2024.This week was all about rotation. Investors spent much of the week shifting funds around, locking in profits with winners — mainly megacap tech stocks — and taking positions in many overlooked areas of the market that are due for a bounce, especially once the Federal Reserve starts cutting interest rates.

 

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