Amazon is Awesome

Wednesday, April 25, 2018

Great Earnings and not AT&T


  • I hope I don't leave one out: Boeing (BA) before the bell, after the bell from Facebook (FB), Chipotle (CMG), Ford (F), AMD, Visa (V), and Amazon (AMZN) all beat earnings estimates for their 1st Quarter 2018 report. AT&T (T) did not.
  • AT&T is a fail in my books. They bought DirecTV and not are trying to buy Time Warner. People are cutting the cord and I am sure DirecTV is losing more customers than it gains because they cost so much. I prefer Playstation Vue over YouTube TV, Hulu TV and poor quality Sling TV. The reason is YouTube TV and Hulu TV don't have my mother's favorite channel Hallmark, wife's Food and I like Discover. These channels are available on Playstation Vue and the channels are owned by Time Warner. Therefore I can see why AT&T could be seen as a monopoly if they buy Time Warner. I think it is funny that they want to go more towards cable despite the rise in cord cutting and not focus on making their wireless business better. Fail in my books. I almost don't like them being considered a cell phone company.
  • Ford beat their estimates slightly and they went up. Ford is looking to eliminate the Fusion and Fiesta after already laying to rest the Taurus. They are bringing back the Bronco and Ranger. In the long run, Ford is a great buy. If you own Ford shares, sell Call Options every chance you get because they rarely have movement. 
  • Long live FAANG. Facebook had an impressive quarter despite the headwinds of privacy concerns and congressional scrutiny. We knew Amazon was going to report an awesome quarter. When it was down 45 in the first hour after the market opened, it was a screaming buy even of options. You would have made great money today and more tomorrow. Apple was seen in the good light for the first time in the past week with CEO Tim Cook met with President Donald Trump. Netflix rides on the coattails of Amazon and Google today and tomorrow.
  • Chipotle looks like one of the biggest winners. I wouldn't be surprised to see a retraction of 40% of the gain in the short term. They are going to be on my radar for option trading. Boeing did me well today as I followed the Stochastic indicator lines. I could have made more with my options if I held on to them a little longer. 
  • Thursday will start off up, will probably have a pull back around 11am before going back up by the end of the day. The banks are due for a sharp rise. I would expect to see Google run up for the whole day.

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