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Bulls pushing case for more new highs

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Bob Doll's top sector plays

With stock prices at record highs, bulls will try to keep the rally running in the week ahead despite the summer doldrums.

The and Nasdaq closed at all-time highs Friday after July's strong jobs report shook up skeptics who believe the economy is slowing down and the labor market has seen its best days.

There are a few important earnings reports in the week ahead, including Disney — and retailers, like Macy's, Nordstrom and Kohl's. Monthly retail sales data for July, coming up Friday, tops the U.S. economic calendar, but traders will also be watching overseas as China releases trade data Monday, inflation Tuesday and retail sales and industrial production Friday.