- Coca-Cola, Visa, Mastercard, MetLife, Chevron, Shell, ConocoPhillips, Gilead Sciences, Thermo Fisher Scientific, McKesson, Urban Outfitters, Williams-Sonoma and SharkNinja all hit all-time highs this week.
- Chip stocks extended their losing streak to nine straight sessions.
- Michael O'Rourke of JonesTrading said rotation continues to be the theme.
- Nicole Inui of HSBC said unloved sectors like financials, consumer discretionary and real estate could get a lift from better-than-expected earnings.
- Mike Dickson of Horizon said robust earnings growth is widespread and accelerating.
- The Invesco S&P 500 Equal Weight ETF trades at less than 16 times forward earnings, a discount to the cap-weighted index.
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