Amazon is Awesome

Wednesday, April 25, 2018

Amazon, Chipotle Crazy Good!!!


  • Chipotle's big earnings report was rewarded by doubling last night's gain today. They were the biggest winner until Amazon reported earnings after the market close on today. Not only did they beat their numbers, they announced that Prime Membership cost is increasing from $99 to $119 a year. Amazon's stock price jumped $100 in after hours.
  • Microsoft and Intel had great earning reports after market close today also. I enjoyed trading Google options today as they started off lower from 1035 down to 1020 which is where I bought my 2 Call Options with a Strike Price of 1030 and sold them when Google hit 1040. I was done for the day, but Google wasn't done running up as it hit 1052 before closing at 1043. I expect similar movement on Friday on the heels of Amazon's huge day.
  • Home Depot was up huge. HD has been in the cross hairs of professional investors for over a month looking for a break out. I didn't see anything new about them today so I hope to see they maintain the gain on Friday. 
  • JP Morgan had a hard time getting out of the red today, but did end higher. Now that the tech companies are blowing away their earning reports, the banks look less exciting even with a rising interest rate environment. Apple was up and then down today. Boeing fell early, came up quickly, didn't come down to the morning low and by the late afternoon past the day's high above 345.
  • Verizon was hampered by AT&T's weak earnings, but still finished the day close to even.

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