Stock Market Shake-Ups: A Look at Recent Trends and What's Next

The stock market had a rollercoaster week, with the S&P 500 taking a hit but bouncing back. Investors are being cautious, especially with Big Tech's big spending and high valuations. Experts suggest sticking with companies that are actually making money, like Nvidia, Microsoft, and Alphabet, instead of those that make big promises but can't deliver. Bristol Myers, a drug company, saw its shares drop over 3. 5% after a clinical trial for one of its experimental drugs was stopped due to a patient health issue. This isn't the drug they're bullish about, though—Cobenfy, which is being tested for schizophrenia and Alzheimer's, is still a big focus. The results from this trial are expected by the end of the year and could make or break the stock. Looking ahead, several big companies are set to report earnings next week. Home Depot is up first, and while high mortgage rates are a concern, there's also a lot of pent-up demand in the housing market that could work in their favor. TJX, the off-price retailer, is known for beating expectations, and Nvidia, despite having a lot of skeptics, is still a favorite for long-term investors. Palo Alto Networks, a cybersecurity firm, is also reporting, and investors are eager to hear about their plans to improve security. In a quick roundup, stocks like Applied Materials, Walmart, Gap, and Nucor were discussed. It's important to remember that investing comes with risks, and no outcome or profit is guaranteed.