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So The Stock Market Closed on a Rather Historic Day

stock performance




So The Stock Market Closed on a Rather Historic Day




So, today it was announced that Jeff Bezos, founder, chairman and CEO of Amazon.com AMZN 958.47 -2.10 -0.22%, is now the RICHEST person in the world, surpassing Microsoft found Bill Gates.

This is rather exciting and interesting news, being that Amazon’s stock has been achieving new all-time highs and gapping up today.

And Boeing (BA) BA 235.77 +0.18 +0.08% has had a great two day rally, after posting record profits for the 2nd quarter. It seems like Boeing had propelled the rest of the stock market today, and maybe had a hand in helping Amazon’s stock price push upwards.

I have positions in both stocks, so this is all good and so far my two positions in BA have totaled 51.38% and 29.42% YTD.

Will stocks go downhill from here?

It’s really hard to say at this point. Historically, third quarter earnings have been less than stellar, but we’ll see how things go at the end of the third quarter.

Can Boeing continue the upward momentum?

The only thing I’m personally concerned with at this point is holding onto my positions for the long term. Boeing stock has an annual percentage yield of 2.36 percent. And a total annual dividend of $5.68 per share. I think it’s worth holding onto this stock for the long term.

Solana Beach
Saturday August 12, 2017 by Carlos Rull
Filed as: Stocks
stocks and trading
Friday July 28, 2017 by Carlos Rull
Filed as: Stocks
stock performance
Thursday July 27, 2017 by Carlos Rull
Filed as: Stocks
stocks and trading
Thursday July 27, 2017 by Carlos Rull
Filed as: Stocks


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About the author:
Has 3096 Articles

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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