Woods: Big Banks Set High Earnings Bar, CPI to Draw Eyes Next Week

Looking ahead to next week's market action, Jay Woods expects to see strong earnings after big banks set a high bar. He points to defense stocks and NextEra Energy (NEE) as under the radar picks against giants like Tesla (TSLA) and Netflix (NFLX). While headlines against regional banks sparked concern of "cockroaches," Jay doesn't see it as the first domino falling toward a breakdown. Next week's CPI is the print he's watching the most, especially if the government stays shut down.

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