Monday, July 23, 2018: DOW, NASDAQ Down, Mixed Day, 2nd Day Losses




Mixed But Largely in the Red…

DOW -47.33—-NASDAQ -19.69—-SP500 -1.20—-NYSE +1.81




Portfolio Leaders: SHOP, GOOG, ISRG, DNKN
Portfolio Laggards: SDR, IQ, AMZN

Stocks were taking a 2nd day of losses this morning, continuing from last Friday, although stocks began mixed at the opening bell, we are now slighter further into the red at this point.

Financials and Healthcare are doing pretty good this morning, better than Tech.

The big news for the week is that this is a big Earnings Week so positive, stellar earnings would be a key factor in boosting the stock market as a whole.

Of course, one analyst predicted this would give the opportunity for Trump to break out the megaphone and tweet about how great the stock market is doing while taking credit for what companies did on their own, despite all the trade threats and tariffs.

The irony is that Trump is imposing massive trade tariffs which are affecting the stock market negatively. And now he’s making big threats against Iran, and all this only affects the stock market in a negative way.

For companies to take in big earnings on their own (simply because they are great, successful companies to begin with) and for Trump to take credit for that, is misguided and inappropriate. We are talking about government versus capitalism, which in reality aren’t interconnected and shouldn’t be.




This Morning’s Portfolio Winners

Shopify (SHOP)
finviz dynamic chart for  SHOP
Alphabet (GOOG)
finviz dynamic chart for  GOOG
Intuitive Surgical (ISRG)
finviz dynamic chart for  ISRG
Dunkin (DNKN)
finviz dynamic chart for  DNKN

Disclaimer: The content provided here is for information and entertainment purposes only. It is not intended as an offer or solicitation to purchase any investment. And this material should not be taken as investment advice, since investors’ needs and strategies may vary. Investing in equities is subject to extreme volatility.
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 Amazon.com.

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