Home Depot HD Swing Trade-Buying the Pullback

Home Depot HD Stock Chart 7.19.19

Home Depot HD Stock Chart 7.19.19

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Home Depot Swing Trade Setup

HD stock price has declined nicely to an obvious support and closed off the lows. I'm game planning to initiate a new long with a profit target of $221. Stop loss comes in on a close below $213.

Fed rate cut bets lift stocks, dollar steadies

LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fueling appetite for risky assets and capping the dollar.

reuters.com/fed-rate-cut-bets

Market needs a deep rate cut to prevent an earnings recession

Market researcher James Bianco believes Wall Street is teetering closer to an earnings recession.

Unless the Federal Reserve intervenes with a bigger-than-expected 50 basis point cut, he’s worried that year-over-year earnings growth rates for the second and third quarters will go even lower.

cnbc.com/market-needs-deep-rate-cut

Microsoft earnings jump nearly 50% and more growth is in the forecast

Profit jumps from less than $9 billion a year ago to more than $13 billion in fourth quarter, Microsoft predicts revenue and operating profit will again grow by double-digit percentages in new fiscal year.

Microsoft Corp. blew away earnings expectations Thursday thanks to continuing strong growth from its Azure cloud offering and LinkedIn, and predicted that the success will continue in its new fiscal year, sending its trillion-dollar valuation even higher in late trading.

marketwatch.com/microsoft-earnings-explode

pete renzulli
 

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