Stocks rocketed higher to end the week. The price of oil plummeted after Iran announced that the Strait of Hormuz was open. The news may firm up a tenuous ceasefire and bring a resolution to the conflict, which has been going on for almost two months.
That puts the focus on earnings, and if the big banks’ results are any indication, it’s going to be a solid quarter. Plus, more certainty around oil prices may change forward guidance.
Next week will be light on economic data, but investors will be paying close attention to March retail sales, which will be released on April 20. If this is the beginning of a sustained rally, opportunities may appear in stocks that have been deeply discounted. The MarketBeat analysts will be following earnings season to highlight the stocks and stories moving the market. Here’s a recap of some of the most popular articles from this week.
