Saturday, August 4, 2018: Recapping the Week in Stocks

DOW +136.42—-NASDAQ +9.33—-SP500 +13.13—-NYSE +55.27

Portfolio Winners: T, FB, V
Portfolio Losers: IQ, SHOP, AMZN

No doubt, the stock market is reeling over Apple’s emergence as the first $1 trillion company in U.S. stock market history! On Friday, Apple dropped below $1 trillion dollar market cap, only to regain its trillion dollar status later in the day.

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

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.

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Thursday, July 26, 2018: Facebook Tumbles Big Time, NASDAQ and Tech Stocks Hit

DOW +139.55—-NASDAQ -63.23—-SP500 -3.26—-NYSE +42.41

Portfolio Leaders: CAT, BA, T
Portfolio Laggards: FB, AMZN, ISRG

So, Facebook basically missed its marks in earnings and projected growth, in which daily usage has dropped by 1.x percent, BUT… Facebook owns Instagram which has been growing by leaps and bounds. And add to that the various problems Facebook has had with regards to Fake News, user data being extracted by companies. And you have a stock that had plummeted some 18% after the opening bell this morning.

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