NYSE trader Kenny Polcari said tech earnings will "blow the roof off the house."
Microsoft shares opened at a record high Friday after the group topped second quarter earnings estimates on the surging strength of its cloud computing business.
Tech stocks have dominated the U.S. market this year, with the top five S&P 500 companies equal in value to the bottom 282 stocks in the benchmark index, and President Trump's comments on Fed rate hikes could add even more to their 4 trillion-plus in value.
TheStreet's Jordan French takes a deeper dive into the bearish assault on cryptocurrencies from Federal Reserve Chairman Jerome Powell and Citadel's Ken Griffin.
Don't downplay the importance of dividend paying stocks, according to one expert.
Munson told TheStreet that a recession is at least 12 months away considering where interest rates are currently.
IBM says that its 'strategic imperatives' -- which include cloud, security and analytics -- made up more than half of its Q2 revenues.
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