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Nintendo's stock rally still has room for more Pokemon profits

While stocks take a break following a run to all-time highs, earnings season rolls on as Microsoft steps up to the plate. And Nintendo shares are still looking like a buy. Catch The Final Round at 4 p.m. ET with Alexis Christoforous and Nicole Sinclair.

Winners and losers

Stocks on the move lower today include cigarette maker Philip Morris following a profit and revenue miss citing declining shipment volume, Spirit Airlines dropping as it sees second-quarter revenue per seat mile at the low end of its guidance, and Netflix, with shares tumbling following its disappointing earnings release, as a price increase in May created a slump in subscriber growth.

Stocks in the green today include Cerulean Pharma surging after the FDA gave the drug maker fast-track status to expedite review of its ovarian cancer treatment; mortgage insurer MGIC popping after second-quarter policy sales increased more than the Street expected, and VMWare. The cloud software firm is on fire after it reported a revenue and earnings beat. VMWare, who’s parent EMC’s shareholders voted to approve a merger with Dell, says the upcoming merger will not affect operations.

Sayonara to the bond rally?

Despite the S&P 500 and Dow both breaking to new highs recently, investors are still on edge, with Treasury bond yields near all time low. How will the risk-off trade impact this bull market? Joining us now is Mark Heppenstall, CIO of Penn Mutual Asset Management.

Looking ahead

  • At 10:30 a.m. ET we’ll get the highly anticipated EIA crude inventory report. Last week we saw another drawdown of 2.5 million barrels.

  • We’ll have more big earnings reports with the likes of Morgan Stanley, Intel, Qualcomm and American Express on the way.

  • And finally SpaceX’s ninth commercial resupply mission, which blasted off yesterday, will dock with the International Space Station in the early morning. This important mission will deliver 5,000 pounds of crew supplies and hardware, including the first of two docking adapters, which will allow Boeing’s Starliner and SpaceX’s Crew Dragon spacecraft to dock to the ISS.

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