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Wall Street Enjoys Late-Week Rally On Benign Inflation Data, Dow Jones Eyes Best Session Of 2024, Tech Unwinding Stalls: What's Driving Markets Friday?

The Dow Jones Industrial Average surged 1.9% on Friday. In June, inflation dropped to 2.5% year-on-year, below the Fed's 2% target. The tech-heavy Nasdaq 100 rebounded from a negative weekly close. Homebuilders rose over 3% for the day, reaching all-time highs.

Earnings Preview: What to Expect From Marathon Oil’s Report

Marathon Oil Corporation (MRO), founded in 1887, is an independent exploration and production company. The company is expected to announce its Q2 earnings after the market closes on Wednesday, August 7. Shares of Marathon Oil have gained 15.4% on a YTD basis.

Deutsche Bank spotlights energy as forecasts point to a strong Atlantic hurricane season

Deutsche Bank spotlights energy as forecasts point to a strong Atlantic hurricane season on record. The financial institution says the gulf coast refineries and offshore rigs are at risk for disruptions. The gulf region accounts for 72% of the country's oil production and 48% of its refining capacity.

Sector rankings to consider with a market rotation underway

Financials Tech Energy Consumer Sector rankings to consider with a market rotation underway. A stock market rotation has been seen in recent weeks. Seeking Alpha polled 1,000 subscribers on the strongest and weakest sectors of the market in July. The graphic below reflects the dominant responses for each sector.

Coterra Energy's Q2 2024 Earnings: What to Expect

Coterra Energy Inc. (CTRA) is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Thursday, Aug. 1. The company is an oil and gas exploration and production company with operations in the Permian Basin. CTRA stock has underperformed the S&P 500’s 13.8% gains on a YTD basis.

Diamondback Energy's Quarterly Earnings Preview: What You Need to Know

Diamondback Energy, Inc. (FANG) expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Monday, Aug. 5. FANG stock has outperformed the S&P 500’s 13.8% gains on a YTD basis. The oil and gas company is expected to acquire rival Endeavor Energy Partners for $26 billion. The company is focused on the Permian Basin in West Texas.

Earnings Preview: What to Expect From ONEOK's Report

ONEOK, Inc. (OKE) expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Monday, Aug. 5. The energy infrastructure company is expected to report a profit of $1.18 per share. OKE stock has outperformed the S&P 500’s 19.2% gains over the past 52 weeks. The average analyst price target for OKE is $85.31.

Why You Need To Replace That S&P 500 Equity Fund

The S&P 500 has had a great run but is now overvalued. Now might be a good time to consider alternative equity funds. The index has returned 150% since bottoming out in March 2020. This article compares the earnings, dividend yield, current valuation, and estimated future return of fifty-four equity funds to the best current funds to buy today.