Stock Market Shake-Ups: A Look at Recent Trends and What's Next

S&P 500's Volatile Ride

• The S&P 500 had a turbulent week, with sharp declines followed by a rebound.
• Investors remain cautious, particularly due to Big Tech's high spending and valuations.
• Experts recommend focusing on profitable companies like Nvidia, Microsoft, and Alphabet over those making big promises.

Bristol Myers: Clinical Trial Setback

• Shares of Bristol Myers dropped over 3.5% after halting a clinical trial due to a patient health issue.
• The affected drug is not their main focus—Cobenfy (for schizophrenia and Alzheimer's) remains a key focus.
• Results expected by year-end, which could significantly impact the stock.

Earnings Previews: Key Reports Ahead

• Home Depot reports first, with high mortgage rates a concern but pent-up housing demand a potential boost.
• TJX (off-price retailer) has a history of beating expectations.
• Nvidia, despite skepticism, remains a long-term favorite.
• Palo Alto Networks (cybersecurity) will share security improvement plans.

Quick Market Roundup

• Stocks discussed: Applied Materials, Walmart, Gap, Nucor.
• Reminder: Investing involves risks, and no outcomes are guaranteed.