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

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.

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Tuesday, July 10, 2018: Nice Two Day Summer Rally, Stocks and Weather Are Hot!

DOW +143.07—-NASDAQ +3.00—-SP500 +9.67—-NYSE +37.71

Portfolio Winners: BA, T, V
Portfolio Losers: STOR, BGS, WWE

I bought new stocks, and I’m not surprised that they were today’s losers. We have had a great 2 day Summer rally and are we worried about tomorrow? Not me.

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