An ugly earnings report from a competitor is good news for Abbott Labs

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. Stocks jumped Friday as Wall Street tried to end a turbulent week on a jubilant note. The Dow Jones Industrial Average added more more than 600 points, or 1.6%. The S & P 500 and Nasdaq Composite added 1% and 0.75%, respectively.

Whatever the case, the company said it lost some market share. And Abbott may have picked up that lost ground, which is further evidence that its business fundamentals are strong despite the ongoing infant formula legal overhang. Shares of Abbott added 0.75% Friday. Club name Dover picked up a few price-target bumps after the industrial conglomerate's strong second-quarter earnings report Thursday morning.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 things to watch in the stock market Monday including a defense of Abbott LabsWall Street is looking to kick off the third quarter on a higher note.
Source: CNBC - 🏆 12. / 72 Read more »

Here's why Abbott Labs stock is getting dinged after a strong earnings beatShares are even more attractive when we consider the company's pipeline.
Source: CNBC - 🏆 12. / 72 Read more »

Nike Earnings Preview: Will Restructuring Plan Finally Begin to Bear Fruit?Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Nike Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »