Amazon is Awesome

Saturday, April 14, 2018

Bank Earnings, Pt 2, End of Week


  • JPM, PNC and WF reported earnings before market open. JPM earnings were excellent but PNC conference call outlook caused all to drop as soon as market opened despite being up before open. Prior close 103, up to 105, down to 110 by close.
  • GOOGL opened 4 higher than prior close at 1040 and peaked at 1052. Came down sharply to 1036, back up to 1044 at 2pm, down to 1029 and rebounded in the last half hour to close at 1035. In past weeks it has gone down past 1000 to close slightly above, but optimism regarding earnings have shown a different reaction rather than all negative.
  • Trump has threatened to charge Amazon more for postage which has caused their shares to decline rapidly over the past month. The worries about tariffs have subsided as nothing new has been imposed.
  • Strike on Syria was ordered in the evening and on Saturday was marked as a success by Trump tweet. Futures showed positive reaction Sunday night.

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