Investors may not want to follow the adage to “sell in May and go away.” Stocks closed out a strong April, led by the tech-heavy Nasdaq, which was up more than 15% in the month. Investors are looking past what they can't control (i.e., the uncertainty regarding the Middle East) and focusing on earnings.
This was the heaviest week of the earnings season, and it was highlighted by strong earnings from the five Magnificent 7 stocks that reported. But there were other winners too, including Caterpillar (NYSE: CAT) and Intel (NYSE: INTC), that are showing that the artificial intelligence infrastructure trade is alive and well.
