Stocks Closed Mixed, Best Winning Streak For The Dow Since December

Market Moves You Need to See Stocks Closed Mixed, Best Winning Streak For The Dow Since December [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks Closed Mixed, Best Winning Streak For The Dow Since December Stocks closed narrowly mixed yesterday with the Dow and the S&P closing slightly higher, while the Nasdaq closed slightly lower. Not much in the way of economic reports yesterday. But we did hear from Minneapolis Fed President Neel Kashkari yesterday when he said the Fed may need to hold rates steady for "an extended period." He outlined how he would "need to see multiple positive inflation readings suggesting that the disinflation process is on track." He also said that if there was a "marked" slowdown in the jobs market, that too could warrant a rate cut. His comments came after Federal Reserve Bank of New York's John Williams said on Monday that "eventually we'll have rate cuts," and that he thought monetary policy was presently in a "very good place." We'll hear from Fed policymakers Philip Jefferson, Susan Collins, and Lisa Cook today. Earning season continues. Before the bell yesterday we heard from Disney. They posted a positive EPS surprise of 8.04%, but a negative sales surprise of -0.23%. That translated to a quarterly EPS growth rate of 30.1% vs. this time last year, and a sales growth of 1.19%. Nonetheless, shares were lower yesterday by -9.51%. Oil and gas company BP also reported before the open yesterday and posted a negative EPS surprise of -5.83%, and a negative sales surprise of -19.12%. That equated to a quarterly EPS growth rate of -41.6% vs. this time last year, and a sales growth of -12.3%. They were down -3.74% yesterday. After the close we heard from Arista Networks, and they posted a positive EPS surprise of 14.37%, and a positive sales surprise of 1.26%, for a quarterly EPS growth rate of 39.2% vs. this time last year, and a sales growth of 16.3%. They were up over 7% in after-hours trade. Upstart reported after the close as well and posted a positive EPS surprise of 18.42%, and a positive sales surprise of 2.38%. They significantly narrowed their quarterly EPS losses to -31 cents vs. -$1.58 at this time last year. Quarterly revenue was up 24.2%. But weak guidance sent shares down by more than -12% in after-hours trade, on top of the -4.97% loss in the regular session before they reported. Today we'll hear from another 612 companies including Uber, Shopify, and Emerson Electric before the open, and Airbnb, ARM Holdings, and HubSpot after the close. After yesterday, the Dow is up 5 days in a row, their longest winning streak since December. The S&P 500 stretched theirs to 4, while the Nasdaq's ended yesterday at 3. But the small-cap Russell 2000, and the mid-cap S&P 400 are right with the Dow at 5 days in a row as well. We'll see if they can add another day to their streak today. See you tomorrow, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Uranium Prices Soar 74% In 6 Months! The Uranium Bull Market Is Here To Stay!]( [image]( In December 2023, 22 countries pledged to 3X their nuclear capacity. Sending these uranium stocks into a frenzy. [»Here's 1 Uranium Miner Sitting On 2.4 MILLION Pounds Of Uranium]( Today's Top Research [3 Must-Buy Stocks Buy Following Earnings]( While some stocks posted adequate quarterly earnings, others really wowed Wall Street. 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