These 2 Stocks Will Make or Break the Market Rally
Investors have had to deal with extreme bearishness on Wall Street recently. The S&P 500 hit its lowest level of the year on Monday, as fears about the impact of rising interest rates on bond and currency markets added to uncertainty about a potential global economic recession. Yet on Tuesday morning, stocks rebounded sharply, responding favorably to the idea that there's only so far that central bankers worldwide will go before looking to clamp down on volatility in the U.S. dollar and foreign currencies.
The best sign that stock investors get about whether a recession is coming is when the companies that serve businesses and consumers say how they're doing. This week, the most important news will come from Nike (NYSE: NKE) on the consumer side and Micron Technology (NASDAQ: MU) on the enterprise side. Both companies report their latest financial results on Thursday, and both have seen immense growth in the recent past but are dealing with potential clouds on the horizon.
Nike shares have taken a beating so far in 2022, falling more than 40% from where they started the year. The athletic footwear pioneer has had to deal with slowing growth after having massive success in its previous fiscal year.
Source Fool.com
