Stocks are going nowhere as Trump takes another swipe at the Fed. Plus, Amazon had a big week with Prime Day — with Wall Street bullish, is it too late to get on board?
And is a strong 2nd half in the cards? Joe Fahmy is here to tell us why he sees a break out for the market. Plus, bitcoin’s big rally has it over $7,000. We check the chart to see where it might be going from here. Catch The Final Round at 3:55 ET p.m. with Myles Udland, Yahoo Finance Editor-in-Chief Andy Serwer and Joe Fahmy of Zor Capital.
Winners and losers
Stocks in the red include Yum China as the fast food operator of KFC and Pizza Hut in China was downgraded to underperform at BofA/Merrill; Skechers, as the footwear company missed badly on quarterly profit despite record sales that were slightly above estimates; and GE shares are dropping despite an earnings beat, as its power business reported major declines driving overall earnings down by 30% last quarter.
Stocks in the green on Friday include Honeywell as the conglomerate reported an 8% sales jump and upped its 2018 profit guidance; V.F. Corp, as the parent company of clothing brands like Wrangler and North Face beat on earnings and raised its full year forecast, and Microsoft shares are climbing higher as it beat on profit and revenue, and issued upbeat current quarter forecasts, citing its cloud computing business.