Here Are Three Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average
rose 0.79% on Tuesday, as the blue-chip index broke a three-day losing streak.
- Alphabet Inc. (GOOGL) was up 3.8% after the parent of Google posted a significant earnings beat.
- Verizon Communications Inc. (VZ) rose 1.4% after the telecom giant beat earnings and revenue estimates.
Wall Street Overview
Stocks ended mostly higher on Tuesday, July 24, with solid corporate earnings boosting shares on Wall Street.
The Dow Jones Industrial Average
Alphabet Inc. (GOOGL) rose 3.8% and scored a record high on Tuesday of $1,275 after the parent of Google posted a significant earnings beat.
"Overall, it was a great quarter for Alphabet with broad beats across many different lines," said Cramer and the AAP team. "This is the type of performance we had hoped to see from the company for multiple quarters now, and management proved that just beating the quarter wasn't enough; they wanted to blow it out in the face of their European fine."
Harley-Davidson Inc. (HOG) reported second-quarter earnings of $1.45 a share, beating estimates of $1.34. Revenue from motorcycle products fell 3.3% to $1.53 billion as worldwide retail sales fell 3.6%. However, Harley said it was maintaining its full-year shipments forecast of between 231,000 and 236,000 motorcycles for the 2018 fiscal year. Shares rose 7.7%.
Verizon Communications Inc. (VZ) earned an adjusted $1.20 a share in the second quarter, 6 cents ahead of estimates. Revenue of $32.2 billion also beat forecasts. Shares rose 1.4%.
United Technologies Corp. (UTX) reported second-quarter earnings and revenue that beat Wall Street's estimates. The industrial giant also raised its 2018 earnings and revenue outlook. The stock gained 3.6%.
Eli Lilly & Co. (LLY) rose 5.3% after the drugmaker topped second-quarter earnings expectations.
Biogen Inc. (BIIB) rose 3.7% after it reported second-quarter profit and revenue ahead of forecasts and raised earnings and revenue guidance for the year.
3M Co. (MMM) reported second-quarter adjusted earnings of $2.59 a share; analysts expected profit of $2.58. The stock rose 0.9% after declining earlier.
Aerospace company Lockheed Martin Corp. (LMT) reported second-quarter adjusted profit and revenue that beat expectations. Lockeed also lifted its full-year guidance. Shares rose 1.2%.WHR) tumbled 15% after the appliance company posted a second-quarter loss of $657 million, a reversal from a year earlier, and issued a full-year forecast below Wall Street estimates.