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Stock Market News: Recapping the Final Week of July 2017

stocks and trading




Stock Market News: Recapping the Final Week of July 2017




It was a VERY interesting final week in July of 2017.

For a moment, Amazon CEO Jeff Bezos was the richest person in the world! Then, suddenly he wasn’t.

We had a nice tech rally led by the likes of Amazon Unfortunately, we could not get stock quote AMZN this time. and Facebook Unfortunately, we could not get stock quote FB this time., and then this morning we see a sell-off in tech stocks (Well, to me that’s just investors taking profits off the top).

But overall, we had a nice few days of rallies that kept the stock market a bit more exciting than was usually expected.

The Big Winner is The Boeing Company

Boeing Unfortunately, we could not get stock quote BA this time. skyrocketed to record highs and did a gap up that of 8% with a total 2-day gain of 10%. It posted record earnings and billions in cash. This was most likely attributed to the deals Trump made with the Saudis, so I give him credit for that. But how much of it can be attributed to just Boeing being a great company and a blue chip stock?

My take on this is that Boeing was already a winner back at the start of the year when I bought into BA shares in January 2017. So the stock out-performed months before Trump struck the deals with the Saudis.

finviz dynamic chart for  BA

Portfolio Winners

It was an interesting week for the portfolio. The year-to-date winners so far this week have been:

Boeing Company Unfortunately, we could not get stock quote BA this time. which year-to-date has gained 51.17%. Followed by Facebook Unfortunately, we could not get stock quote FB this time. which has gained 15.18%. ING Groep NV (ADR) Unfortunately, we could not get stock quote ING this time. has gained 10.36%, and Shopify (SHOP) rounds out the winners at 9.14%.

Portfolio Losers

At the very bottom was Coca-Cola Unfortunately, we could not get stock quote KO this time. which I sold this morning for a small profit, just to get out of the stock. The stock had been showing Bearish technicals and was Graded ‘D’ by Portfolio Grader.

I love Starbucks Unfortunately, we could not get stock quote SBUX this time. but the company’s stock has been doing terrible lately, and now they are closing all 379 Teavana stores! Remember that Starbucks had acquired Teavana a while back (bad move, I thought). Anyway, Starbucks is planning on focusing more attention to China, and I believe there is a potentially large market there. But so far, I still like the company and still holding on, even though the technical rating is Bearish and Portfolio Grader gave the stock a ‘D’ grade.

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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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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