Friday, July 27, 2018: AMZN, CMG Report Stellar Earnings, Yet Markets Slide

Great Earnings Simply Not Enough

DOW +20.62—-NASDAQ -26.69—-SP500 -1.01—-NYSE +13.56

Portfolio Leaders: T, AMZN, BA
Portfolio Laggards: SDR, SHOP, IQ

Overall, it’s been kind of a weird morning on the stock market.

While we had record profits coming from Amazon’s stellar earnings report yesterday, the stock is up 1.64% right now, up $30 a share. This is expected since Amazon had a highly successful Prime Day earlier this month.

Yet, Chipotle (CMG) had a better earnings report, with the stock up 6.42% and very close to being up $30 a share as well.

Facebook had the biggest tumble for a stock in the history of the stock market! And this was worse than stocks during the Great Depression. What gives? The stock is currently in the negative once again this morning.

Although Google (GOOG, GOOGL) also had stellar earnings earlier this week, the stock is now in the negative as well.

And all this when Trump is posted 4.1% GDP growth (which is awesome) but I’d like to still validate the data.

So, basically, much of stock market is in the red heading into the weekend. Another less than great Friday to end the trading week.

FAANG Stocks are mixed with only AMZN in the green. Facebook suffered a $120 billion dollar market cap loss. And NFLX is still floundering after their less-than-great earnings report. Apple (AAPL) is down this morning but is still close to record highs.

Here’s a thought: The Stock Market is exhausted on all the overwhelming news coming from the Trump Administration with regard to geopolitical events that can affect the stock market.

Now Facebook has had a terrible week, but they also own Instagram and that social media platform is growing by leaps and bounds. Yet being able to monetize that user growth is the big challenge for Facebook. Instagram has an easy method of sharing to Facebook, which is a plus.

Today’s Winning Portfolio Stocks

AT&T (T)
finviz dynamic chart for  T
Amazon (AMZN)
finviz dynamic chart for  AMZN
Boeing (BA)
finviz dynamic chart for  BA

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Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and

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