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S&P 500, Nasdaq poised for new closing highs

The S&P 500 and Nasdaq (^DJI, ^GSPC, ^IXIC) are poised for new closing highs, as earnings season rolls on. Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance Editor-in-Chief Andy Serwer.

Winners and losers

Stocks in the red today include railroad operator CSX despite an earnings beat, as its forward guidance disappointed; IBM as revenue declined for the 21st consecutive quarter while profit margins dropped across the board; and McCormick, with shares of the spice maker lower after announcing plans to buy the food business of Britain’s Beckitt Renckiser—known for brands like French’s Mustard and Frank’s RedHot—for $4.2 billion.

Meanwhile, stocks ending the day in the green include Scripps Networks on reports the cable channel operator is in talks to combine with Discovery Communications; Vertex Pharmaceuticals after reporting significant improvements in drug trial treatments for cystic fibrosis patients; and Morgan Stanley, with shares of the broker higher as it beat on both earnings and revenue, raised its dividend 25% and added $5 billion to its share buyback plan.

Michael Batnick on the markets—and catching a bottom

The irrelevant investor is here. Michael Batnick, director of research at Ritholtz Wealth Management and an astute student of the markets, gives us the lowdown in recent market moves and his 10 rules for catching a bottom.

  • Business
    TheStreet.com

    4 Conservative Dividend Stocks That Belong in Every Income Investors Portfolio

    All four of these names have very strong cash flows that allow them to not only pay better than 3% dividends, but also to buy back stock. Two are consumer staples, a sector that's been the S&P 500's second-best performer over the past month (up 3.83%). The others are in health care, which has been the S&P 500's No. 3 best sector (+3%) during the past month.

  • First Order of Business for Lowe's New CEO: Clean House
    Business
    Motley Fool

    First Order of Business for Lowe's New CEO: Clean House

    Just days after stepping into his new role as CEO of Lowe's (NYSE: LOW), Marvin Ellison is taking a sledgehammer to the home-improvement center. A week after hanging his nameplate on his door, Ellison announced he was reorganizing the company's C-suite structure by eliminating the positions of chief operating officer, chief customer officer, corporate administration executive, and chief development officer. The responsibilities of these jobs will be assumed by other executives -- including some newly-created EVP-level roles -- who will report directly to Ellison.

  • Inspector warned duck boat company of design flaws last year
    Finance
    Associated Press

    Inspector warned duck boat company of design flaws last year

    A private inspector said Saturday that he warned the company operating duck boats on a Missouri lake about design flaws putting the watercraft at greater risk of sinking, less than a year before the accident that killed 17 people during a sudden storm. Steve Paul, owner of the Test Drive Technologies inspection service in the St. Louis area, said he issued a written report for the company in August 2017. It explained why the boats' engines — and pumps that remove water from their hulls — might fail in inclement weather.

  • Scientists Just Found a 99-Million-Year-Old Baby Snake
    Finance
    Fortune

    Scientists Just Found a 99-Million-Year-Old Baby Snake

    The discovery was recently published in Science Advances, the peer-reviewed journal of the American Association for the Advancement of Science. Based in the discovery, researchers now believe that snakes may have made the move to forested environments from their coastal and underwater habitats earlier than previously thought. Michael Caldwell, a paleontologist and one of the study’s co-authors, says that the discovery refines our current understanding of early snakes.

  • The Inmate Teaching Finance Behind Bars
    Business
    Great Big Story

    The Inmate Teaching Finance Behind Bars

    Curtis Carroll is simply known as "Wall Street" by his fellow inmates at San Quentin State Prison because of his winning reputation for picking and trading stocks. Currently serving a 54-to-life sentence, Carroll founded the prison's financial literacy program as a way to better equip and empower inmates. For the past 10 years, he's been teaching the basics of personal finance and how to trade and buy stocks. His goal is give others the tools and the hope to build a life beyond crime. To learn more about this initiative visit projectfeel.org.

  • What to Expect When Facebook Reports Earnings
    Business
    Motley Fool

    What to Expect When Facebook Reports Earnings

    It's been a tumultuous year for Facebook. Facebook previously showed no ill effects from the controversy surrounding its data sharing policies when it reported significant growth in the first quarter, and we may see the same again. Facebook is scheduled to report the results of the second quarter on July 25, after the market close.

  • Jamie Dimon was best-paid bank CEO last year — wait till you see who came in fourth
    Business
    MarketWatch

    Jamie Dimon was best-paid bank CEO last year — wait till you see who came in fourth

    JPMorgan Chase Co.’s (JPM)chief executive, Jamie Dimon, was the highest-paid CEO in the U.S. banking sector last year, snagging a tidy $28.3 million in total compensation, up 3.9% from the previous year, according to S&P Global Market Intelligence. Bank of America Corp. (BAC)CEO Brian Moynihan came in second place with total compensation of $21.3 million, according to the data company, followed by Michael Corbat, CEO of Citigroup Inc. (C) , who took home $17.8 million. The surprise: Fourth place went to Timothy Sloan of Wells Fargo & Co. Inc. (WFC) , who took home $17.5 million, even as his bank continued to slowly recover from a series of scandals involving the creation of unauthorized accounts and imposition of other products and fees on unsuspecting customers.

  • 3 Growth Stocks That Could Put Netflix's Returns to Shame
    Business
    Motley Fool

    3 Growth Stocks That Could Put Netflix's Returns to Shame

    You can't deny that investors who recognized Netflix's (NASDAQ: NFLX) staggering potential early on have already enjoyed life-changing gains. Read on to learn why three top Motley Fool investors believe that Wix (NASDAQ: WIX), Amazon.com (NASDAQ: AMZN), and A.O. Smith (NYSE: AOS) will do exactly that. Steve Symington (Wix): Shares of Wix have more than doubled from their 52-week low set late last year, but I think the website design platform has plenty of room to run.

  • Tesla earnings: Investors should gear up for more drama
    Business
    MarketWatch

    Tesla earnings: Investors should gear up for more drama

    The stakes are unusually high as Tesla Inc.’s second-quarter earnings day approaches. Chief Executive Elon Musk has created several new controversies in recent weeks via his Twitter account, sending shares down more than 7% in July. The question for Tesla investors may not be asked during the post-results call but it’s increasingly pertinent: Are Musk’s outbursts against analysts, the media, critics and others mere distractions for Tesla, or are they signs of more serious problems at the Silicon Valley auto maker?

  • 3 Stocks for Warren Buffett Fans
    Business
    Motley Fool

    3 Stocks for Warren Buffett Fans

    Just about everyone wants to know what famed investor Warren Buffett, the so-called Oracle of Omaha, owns and whether or not they should own those stocks, too. The answer, as with every investment decision, isn't usually a simple yes or no. Which is why these three Motley Fool investors have looked at the stocks that Buffett owns in his own portfolio or as CEO of Berkshire Hathaway to see which ones are most interesting today. Technology giant Apple Inc. (NASDAQ: AAPL), food maker The Kraft Heinz Company (NASDAQ: KHC), and tiny real estate investment trust Seritage Growth Properties (NYSE: SRG) all caught our attention -- but only for the right types of investors.

  • The Story Behind Google's Secret Offer to Settle Android Probe
    Business
    Bloomberg

    The Story Behind Google's Secret Offer to Settle Android Probe

    European Union Competition Commissioner Margrethe Vestager coolly hit Google with a 4.3 billion-euro ($5 billion) fine last week, the biggest penalty in the history of antitrust enforcement. A year earlier, when the company -- already reeling from a 2.4 billion-euro fine in another EU case -- made quiet attempts to settle the probe into deals it has with Android phone makers, the response was equally chilly. The Silicon Valley search giant had waited at least a year too long to broach the subject of a settlement, the 50-year-old Vestager said in an interview.

  • Analysts: Trump tariff threats unlikely to yield trade deals
    Business
    Associated Press

    Analysts: Trump tariff threats unlikely to yield trade deals

    With President Donald Trump intensifying his rift with U.S. trading partners, economists are growing more doubtful that any deal that might benefit American workers and companies is in sight. Instead, many analysts say they expect the Trump administration to impose more tariffs on China and potentially other key U.S. trading partners. With those nations almost certain to retaliate, the result could be higher prices for Americans, diminished export sales and a weaker U.S. economy by next year.

  • President George H.W. Bush's Former Doctor Killed While Cycling
    News
    Time

    President George H.W. Bush's Former Doctor Killed While Cycling

    The shooting happened around 9 a.m. as Dr. Mark Hausknecht was going northbound through the Texas Medical Center, said Houston Police Executive Assistant Chief Troy Finner. Hausknecht, 65, hit at least once, was taken to a nearby hospital, where he died. Hausknecht was going in to work at Houston Methodist Hospital when he was shot, the hospital’s CEO said in an email to staff.

  • Here's What to Expect When Apple Reports Earnings
    Business
    Motley Fool

    Here's What to Expect When Apple Reports Earnings

    The first six months of Apple's (NASDAQ: AAPL) current fiscal year -- that's fiscal year 2018 -- have been quite strong. The Mac business has been something of a drag on the results, though, with revenue down 3% during the first half of fiscal year 2018. With Apple soon set to report its financial results for the third quarter and provide guidance for the following quarter, here are some things that investors should keep their eyes on.

  • Too Many Retirees Are Making This Surprising Money Mistake
    Business
    Motley Fool

    Too Many Retirees Are Making This Surprising Money Mistake

    When it comes to retirement planning, most people focus on how much money they need to save up before they quit their jobs for good. You also need to know how much money you can withdraw from your savings each year in retirement without exhausting your funds. Conventional wisdom says that retirees' biggest challenge will be reining in their spending to avoid running out of money during their golden years.

  • Business
    InvestorPlace

    3 Things to Watch in Tuesday’s AT&T Earnings Report

    This year hasn’t been a great one for AT&T (NYSE:T) shareholders. T stock is down 19% since the end of December, as investors grapple with the impact of rising interest rates on dividend stocks, the uncertainty regarding the union of Time Warner and AT&T, and the fact that most of its key markets are not only quite competitive, but highly saturated. A reversal of fortune for struggling AT&T shares may be right around the corner.

  • 3 Great REITs to Buy Right Now
    Business
    Zacks

    3 Great REITs to Buy Right Now

    The stock market’s strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. However, fresh volatility within the last few months has shifted the

  • July 25: A Big Day for Qualcomm and its Investors
    Business
    Market Realist

    July 25: A Big Day for Qualcomm and its Investors

    How Was the First Half of 2018 for Qualcomm? Qualcomm (QCOM) has been at the center of the US-China (FXI) trade war. The climax of its almost-two-year acquisition of NXP Semiconductors (NXPI) is set to be revealed on July 25, the same day Qualcomm is slated to release its fiscal Q3 2018 earnings.

  • Business
    Coindesk

    $8K In Reach? 4 Barriers Await Emboldened Bitcoin Bulls

    $8,000? It's not out of the question. With no price pullback happening in the wake of Tuesday's sudden surge, the technical charts indicate bitcoin could soon close in on this key psychological benchmark. First, an expected pullback was not without merit

  • 5 “Hated” Growth Stocks That You Shouldn’t Ignore
    Business
    InvestorPlace

    5 “Hated” Growth Stocks That You Shouldn’t Ignore

    For almost any investing strategy, growth stocks provide your portfolio with the extra lift necessary for robust success. If growth stocks go sideways, investors usually have no recourse other than to hope shares turn back up. Most growth stocks have already skyrocketed in the markets, leaving little room for capital appreciation.

  • Toyota May Halt U.S. Imports of Some Models on Trump's Tariffs
    Finance
    Bloomberg

    Toyota May Halt U.S. Imports of Some Models on Trump's Tariffs

    Toyota Motor Corp. may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. The Japanese carmaker is busy analyzing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, chief executive officer for Toyota’s North American operations. Trump’s Commerce Department held a hearing Thursday on its probe into whether imports of passenger vehicles compromise U.S. national security.

  • Business
    TheStreet.com

    Successfully Plan for Retirement With a Triple-Tax-Free Health Savings Account

    There's an investment account that can help. Health savings accounts (HSAs) are tax-exempt trust accounts that pay or reimburse medical expenses for you or your family if you have a healthcare plan with an annual deductible of $1,350 or $2,700 or more, respectively. The accounts, which you can open through your employer or financial institution, allow you to fund your account with pre-tax income from your paycheck.

  • Here’s How IBM Performed in the Most Recent Quarter
    Business
    Market Realist

    Here’s How IBM Performed in the Most Recent Quarter

    IBM (IBM) announced its second-quarter earnings on July 18. The stock surged 3.0% in after-hours trading on the day after beating both earnings and revenue estimates. IBM’s revenue rose 3.7% YoY (year-over-year) in the second quarter, reaching $20 billion.

  • Finance
    TheStreet.com

    Apple Banking on Software and Services as Next Cash Cow as iPhone Sales Slow

    Is there life beyond the iPhone? On Friday, Goldman Sachs sent a note to investors projecting a 12-month downside risk of 14.5% and reiterating its $164 price target for Apple, well below its closing share price Friday of $191.44. The analysts forecasted 47 million iPhone unit shipments, which is in line with Wall Street projections -- but given that Apple rakes in the majority of its revenue from iPhone sales, representing 62% of its total revenue last quarter, the analysts suggested that weaknesses in iPhone sales could bring the pain.

  • Africa’s richest man thinks Donald Trump is onto something with higher tariffs
    Business
    Quartz

    Africa’s richest man thinks Donald Trump is onto something with higher tariffs

    Aliko Dangote may not agree with president Donald Trump that higher tariffs would be good for the United States, but the Nigerian businessman thinks they could work for his own country. “If you look at what president Trump is doing right now—not that I agree with what he is doing because they are in a totally different economy to what we are—but if you look at where we are today, where there’s no protection, then you are not going to have any industries,” Dangote said to rousing applause. Dangote was on a panel with South Africa’s former finance minister Trevor Manuel and Irish tech billionaire John Collison.