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The Dow Jones today jumped 28 points in pre-market trading as investors prepared for yet another busy day of earnings. Apple Inc. (Nasdaq: AAPL) will report earnings after market close. Wall Street expects that the firm will report earnings per share (EPS) of $2.17 on top of $52.37 billion in revenue.
This morning, Dow components Procter & Gamble Co. (NYSE: PG) and Pfizer Inc. (NYSE: PFE) reported better-than-expected earnings. Their reports were the latest in a wave of successful earnings that are driving the market to new highs. Money Morning Chief Investment Strategist Keith Fitz-Gerald has identified an innovative trading strategy to capitalize on a record-breaking earnings season. Check it out here...
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Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
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Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
Money Morning Insight of the Day
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The Top Stock Market Stories for Tuesday
- Apple Inc. (Nasdaq: AAPL) will lead a busy day of earnings reports before the bell. Wall Street expects that the firm will report EPS of $2.17 on top of $52.37 billion in revenue. The tech giant is trying to buck a recent trend that has seen its rivals' stocks drop over the last week.
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Three Stocks to Watch Today: KHC, PFE, ADM
- Shares of Kraft Heinz Co. (Nasdaq: KHC) are on the move after the consumer-goods firm announced that all of its packaging will be recyclable, reusable, or compostable by the year 2025.
- Shares of Pfizer Inc. (NYSE: PFE) are off 1% after the company reported earnings before the bell. The firm reported EPS of $0.81. That figure beat expectations by $0.07. The firm reported stronger sales thanks to great numbers from its arthritis treatment Xeljanz and pneumonia vaccine Prevnar.
- Shares of Archer Daniels Midland Co. (NYSE: ADM) popped 5% thanks to a strong earnings report. The firm reported an EPS of $1.02. That figure blew away profit expectations of $0.77. The firm topped revenue expectations thanks to rising global demand. As you'll recall, we recommended ADM as one of the best ways to profit thanks to today's ongoing trade battle against China. Read more right here.
- Look for additional earnings reports from Baidu Inc. (Nasdaq: BIDU), Arconic Inc. (NYSE: ARNC), Pandora Media Inc. (NYSE: P), and Procter & Gamble Co. (NYSE: PG).
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.