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'Fast Money' Recap: Watch for Earnings From Apple, Starbucks Next Week

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Stocks ended the week on a high note, with the S&P 500 ETF (SPY) climbing 1.1% and the PowerShares QQQ Trust ETF (QQQ) jumping 2.8% following strong earnings results from Alphabet (GOOGL - Get Report) , Amazon (AMZN - Get Report) and Microsoft (MSFT - Get Report) .

On CNBC's "Fast Money" show, the traders were asked which will be more important -- next week's earnings reports or the Federal Reserve meeting?

Guy Adami, managing director of stockmonster.com, said earnings will be more important because the Fed meeting will likely be a non-event. Alphabet, Amazon and Microsoft delivered lights-out results and it drove stocks much higher on the day, he said. Earnings could be a driver next week.

Tim Seymour, managing partner of Triogem Asset Management, wasn't so sure, arguing that the Fed initially held off on hiking rates last month due to market volatility and concerns about China. But those concerns have subsided in recent weeks. Perhaps a rate hike will be back on the table, Seymour said.

Dan Nathan...


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