Stocks to watch next week: AMAT, CSCO, GRAB, MNDY, BABA and more
American stocks had a great performance this week as the first quarter earnings season came to a close. The Dow Jones indicator has risen for three straight weeks and is nearing its all-time high of $40,000. Similarly, the Nasdaq 100 and the S&P 500 indices are all nearing their all-time highs. That’s because the earnings season has been highly successful. Data by FactSet shows that so far, companies have had blended earnings growth of 5.4%, its highest point since Q2’22. Stocks also rallied after more signs emerged that the Federal Reserve will start to cut rates later this year after a serie...