After a couple of strong weeks, the bears took control of the market this week and stocks moved downward for the most part. GDP growth in the second quarter was revised downward, a reading of manufacturing in Philadelphia declined, and riots in Europe over austerity measures showed just how deep the problems are there. These factors outweighed growing consumer confidence this week, and the Dow Jones Industrial Average
Markets moved lower this week, but there are two things that will drive stocks over the next two months. Earnings season is about to begin, and the presidential election could change the landscape in Washington DC. We'll be covering earnings closely, and in anticipation of the election we've identified a few stocks that could skyrocket. Find out what they are in our free report by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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