MarketBeat Week in Review – 07/13- 07/17

Summary

Another manic market week was punctuated by a tech wreck that pressured the S&P 500 and NASDAQ indexes. Nothing was working in the technology sector: chipmakers, neocloud providers, and hyperscalers were all down, as investors grew impatient or just tired of the artificial intelligence (AI) trade. However, energy stocks were higher as the conflict in the Strait of Hormuz intensified. Financial stocks also got a boost as many banks reported strong earnings, as expected. The same couldn’t be said of Netflix Inc. NASDAQ: NFLX. The streaming giant delivered a mixed earnings report, prompting investors to tune out of the stock.Get Netflix alerts:Sign Up The disappointing week occurred despite better-than-expected economic data that showed slower inflation growth, a surprise increase in housing starts, and elevated consumer confidence. Next week will bring a flood of earnings reports, including from Alphabet NASDAQ: GOOGL, which will be a key indicator of the status of the AI infrastructure trade. The MarketBeat analysts will provide the key insights. Here are some of our most popular articles from the past week. Articles by Thomas Hughes The sharp pullback in Micron Technology NASDAQ: MU stock reminds investors that massive upside swings can be matched by equally sharp downside moves. As Thomas Hughes noted, investors need to consider the broader case for dynamic random access memory (DRAM) and high bandwidth memory (HBM), which provides appropriate context for Micron’s 10-year investment plan. Fastenal NASDAQ: FAST delivered a solid earnings report that left some investors wanting more. However, Hughes explained why the pullback in FAST stock is a buyable opportunity for growth and income investors. Hughes also summarized the earnings report from Johnson & Johnson NYSE: JNJ. Investors bid JNJ to a 52-week high prior to the report. Therefore, the post-earnings pullback looks like a chance for investors to buy on the strength of the earnings report. Articles by Sam Quirke...