Markets closed lower yesterday with all indexes down over 1%. The reason was partly First Republic Bank's (FRB) horrible earnings report that showed the bank lost 40% of its deposits last quarter. The market took this as a sign that the mini-banking crisis might not be over yet. The stock is down 90% year to date.
Futures are up at the heights of earnings season as investors expect more tech earnings.
Stocks to Watch
Microsoft (MSFT) is up more than 7% after the top and bottom beat. The stock is helping to keep the DOW alive. Receives a slew of PT raises. Buy.
Alphabet (GOOG) revenue only grew 3% year over year. The company still beat estimates but when will this company pull out something new from their hat? Hold
Chipotle (CMG) once again beats earnings estimates and is climbing closer to $2000 and received 12 PT raises. Is there ever a buying opportunity with this stock or do you just buy in when you can? Buy
Happy Investing!
The Punkrock Capitalist
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