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Wall Street’s ‘Big Wednesday’ Offers Big Test to Summer Rotation Trade
Barrons.com7d agoneutral
Wall Street’s ‘Big Wednesday’ Offers Big Test to Summer Rotation Trade

Wall Street faces a twin set of risks on Wednesday, tied to Big Tech earnings and a Federal Reserve interest-rate decision, as stocks undergo a rare change of leadership ahead of the summer market doldrums. “The market’s response to both should provide a clearer indication of whether the current rotation continues or begins to develop into broader weakness,” said Zaheer Anwari, co-founder and CEO of the Luxembourg-based Revacy Fund.

Coca-Cola Stock Has a Higher P/E Than Most of the Magnificent 7
Barrons.com7d agoneutral
Coca-Cola Stock Has a Higher P/E Than Most of the Magnificent 7

It felt a little like the 1990s on Tuesday, as Coca-Cola took center stage in the stock market after the soft-drink leader reported strong second-quarter earnings. Coke stock rallied 5% to $88.27 after touching a record $90 earlier in the session. Other consumer stocks gained, including PepsiCo Colgate-Palmolive and Procter & Gamble as investors continued to rotate out of technology, with the exchange-traded fund losing 1.8%.

Apple set for strongest June-quarter sales growth in 5 years
Reuters7d agoneutral
Apple set for strongest June-quarter sales growth in 5 years

Apple's decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase. The consumer ‌electronics giant raised iPad and MacBook prices last month as it sought to offset cost increases from a shortage of ‌memory and storage chips caused by massive AI datacenter buildouts. Apple's decision paid off: iPhone shipments rose 3% and the company's market share climbed to nearly a fifth, estimated research firm Counterpoint.

Coca-Cola Stock Is Rocking Like the 1990s, With a Higher P/E Than Most of the Magnificent 7
Barrons.com8d agoneutral
Coca-Cola Stock Is Rocking Like the 1990s, With a Higher P/E Than Most of the Magnificent 7

It felt a little like the 1990s on Tuesday, as Coca-Cola took center stage in the stock market after the soft-drink leader reported strong second-quarter earnings. Coke stock rallied 5% to $88.27 after touching a record $90 earlier in the session. Other consumer stocks gained, including PepsiCo Colgate-Palmolive and Procter & Gamble as investors continued to rotate out of technology, with the exchange-traded fund losing 1.8%.