Friday Could Bring New Market Highs, and These 2 Stocks Are the Ones to Watch
Stocks have enjoyed a strong run lately, and Friday brought even more enthusiasm about the prospects for Wall Street's immediate future. As of 8:30 a.m. EDT, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 77 points to 35,557, which could prompt a push into record territory. The S&P 500 (SNPINDEX: ^GSPC) closed at a record high on Thursday, and futures were up 4 points to 4,546. Only the Nasdaq Composite (NASDAQINDEX: ^IXIC) lagged behind, with futures falling 36 points to 15,442.
It's easy to focus solely on the best-known megacap companies in the stock market, but doing so can cause you to miss out on some valuable insight. Further down the list of companies, raw materials provider Cleveland-Cliffs (NYSE: CLF) and apparel producer VF Corp. (NYSE: VFC) both weighed in with their latest financial results, and investors gleaned some valuable information from both reports.
Shares of Cleveland-Cliffs were up 4% in premarket trading on Friday morning. The move continued a solid performance that has carried the steel specialist to a strong comeback in the past year, and shareholders have high hopes that Cleveland-Cliffs can keep outperforming.
Source Fool.com
