Stocks Post Best Winning Streak of the Year

Written By Timmy Adami

October 18, 2024

MRKT Matrix - Friday, October 18th

  • Stocks rise Friday, head for 6-week winning streak on strong earnings (CNBC)

  • Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35% (CNBC)

  • S&P 500 Earnings Season Update (FactSet)

  • IPhone 16 Sales Soar 20% in China Debut as Demand Returns (Bloomberg)

  • Bank of America hikes Nvidia price target, says shares can rally almost 40% (CNBC)

  • Robotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky (Bloomberg)

  • Stellantis to shutter and sell large testing facility amid cost-cutting efforts (CNBC)

  • CVS Shares Fall After Earnings Warning, CEO Ouster (WSJ)

  • Procter & Gamble earnings beat estimates, but weak demand in China hurts sales (CNBC)

  • China Moves to Support Markets After Data Showing Economy Slowed (Bloomberg)

Timmy Adami
Previous

Stocks Dip As Yields Rise
Next

Chip Stocks Lift NASDAQ Higher