Thoughts on the Friday Trading Session, July 20, 2018




We Ended Slightly in the Red

DOW -6.38—-NASDAQ -5.10—-SP500 -2.66—-NYSE +3.43




Portfolio Winners: IQ, FB, V, AMZN
Portfolio Losers: CAT, NFLX, ISRG

Big disappointments to the portfolio.

Netflix (NFLX). I did NOT see that coming, as the company missed earnings for this recent quarter and had a lower percentage of customers. And the stock tumbled some 13+ percent then recovered a few percentage points. This is my worst new investment so far.

At least I own the FANG stocks.

And I intend to hold these long term.




This Week’s Winning Portfolio Stocks

IQIYHI Inc. (IQ)

This is the Netflix of China, and I am new to trading this stock. So far my P/L is in the red but the stock has good bullishness and good technicals.

finviz dynamic chart for  IQ
Facebook (FB)

One of the FANG stocks, FB has been performing well this year. I’ve bought and sold it for quick profits, but I’m committed to holding on to the FANG stock for a longer period.

finviz dynamic chart for  FB
Visa, Inc. (V)

Many people use Visa Cards and the finance charges are high. That’s how the company makes money.

finviz dynamic chart for  V
Amazon.com, Inc. (AMZN)

AMZN has a history of being highly volatile, but this year the stock is on a roll, and right after Prime Day 2018, the stock is going up. Technicals look great, and of course AMZN is one of the most successful companies in the world.

finviz dynamic chart for  AMZN

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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