Investing in the Ups and Downs This Week

• Interest rates and oil hit highs at the beginning of the week only to drop by the end of the week. Bank and Energy stocks rose and fell the same way this week. They should have a nice bounce starting on Tuesday.
• Boeing hit 365 on Monday afternoon and fell back to 351 on Wednesday where it bounced to 359 and finished the week there.
• Wednesday and Thursday looked very similar. Morning drops were reversed from noon on. Wednesday news was from the Federal Reserve and Thursday was from President Trump and the tariff front.
• Netflix (NFLX) was a huge success once it was announced they will have a special on former President Obama. It shot up on Wednesday and Thursday and ran out of steam on Friday while still finishing higher. I would expect it to hit 375 by the middle of the week before coming back.
• Home Depot (HD) came down on Monday and Tuesday and bounced off 175 to go higher, but it didn't run away. It appears that it has a new level to bounce off at 175 as Walmart bounces off 82. Walmart is a hold for me as the further it goes down, the more valuable the dividend becomes. I feel Walmart is one of the only companies in the US that is using the tax break to get bigger rather than wasting it on stock buy backs. Walmart is a growth story that will be written about in the next 5 years.
• Best Buy (BBY) beat their earnings report but gave a poor outlook and disappointing online sales. It fell from 79 to finish the week at 68. I think it was over sold and would expect a nice bounce next week to 75.
• L Brands (LB) also beat on their earnings report and it sold off in the after hours due to dialing back earning expectation, but they still expect to earn around 10% for the year. I picked up 100 shares in the after hour session for 32.06 and it opened there on Thursday then took off to over 35. The dividend is strong and it will stay in the portfolio and will sell call options after it settles.
• I used L Brands to replace Roku (ROKU) in the portfolio because the Roku didn't have much movement and doesn't have a dividend. So I sold a 35 strike price call against it when it was at 34 on Wednesday. It was announced on Thursday a huge short seller is now long in Roku so it blew threw almost to 39 by the end of the week.