Amazon is Awesome

Wednesday, May 2, 2018

Apple Rally While Other Bore


  • FANG is alive and well with Apple having an above expected earnings report yesterday and shares continued to climb all day. Amazon, Google and Netflix were down more than up today. I thought Apple was a screaming buy at $162 last week, but that is where I bought before when they dropped to $152 and then went up to $180. They are on pace to hit $180 before falling again. 
  • The Fed's announced that they were not raising interest rates and the market had a huge spike up at 2pm before falling for the rest of the day. I believe the Federal Reserve Board won't raise rates more than one more time this year because it has not helped lending and has actually tightened everyone's money despite great positive movement in the labor market. English: I don't know. lol
  • Tesla reported a lower than expected loss after the market close today. Tesla ran up in the afternoon to $306, but fell from 2pm to market close. They were trading up 10 after reporting earnings. The Model 3 production was improved in the first quarter. I would not be surprised to see nice upward movement on Thurday.
  • Spotify announced a loss after the market close. SPOT ran up most of the day before falling after reporting earnings. Square was another disappointment in their earnings call this afternoon. I think people will stop calling the a crypto currency play.
  • Home Depot and Best Buy were strong again today. I think these 2 companies are huge positive signals for the direction of the market for the rest of the year.

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