CNBC Investing Club

Investing Club: The week in review, the week ahead — July 22, 2022

Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China's Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion.
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The major averages rallied this week as the pace of earnings releases picked up and the results thus far have largely been better than feared. But next week is the true test: We will hear from the mega cap stocks (AAPL, AMZN, GOOGL, MSFT) that combined account for roughly 20% of the S&P 500 by market cap.