The Bull Market Depends on These 2 Must-Watch Stocks This Week
The stock market has done exceptionally well in 2021, continuing to climb to all-time record highs amid strong hopes for a recovering economy. With the world starting to emerge from the COVID-19 pandemic, investors are excited about the prospects for things returning to how they were before the huge disruptions we've seen across the globe since early 2020. That excitement played out in major market benchmarks Monday morning, as the Dow Jones Industrial Average (DJINDICES: ^DJI) climbed more than 500 points to 33,800, the S&P 500 (SNPINDEX: ^GSPC) gained 47 points to 4,214, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) climbed 67 points to 14,098.
Earnings season is always a good way to tell how individual companies are faring, but some businesses have more importance than others. Later this week, delivery specialist FedEx (NYSE: FDX) and athletic apparel giant Nike (NYSE: NKE) will give their latest readings on their corporate results. Both will have major implications not just for their own shareholders but for those following the broader economy as well.
FedEx is set to report its latest results on Thursday, June 24. Investors are expecting big things from the company, but a lot more will depend on what FedEx says about what the future will bring.
Source Fool.com
