Amazon is Awesome

Thursday, June 21, 2018

Market Down Again


  • The Dow Jones was down again today for the 8th straight day. The Nasdaq gave back most of yesterday's gains. Retail stocks looked up lead by nice gains in Best Buy and Home Depot. Walmart was even up decent today. The move was based on a new rule that will require Amazon to collect sales tax from sellers. Amazon led the FANG stocks down including.
  • FANG stocks of Amazon, Netflix an Google were down big today. Amazon and Google closed near their lows, but Netflix made up most of what it lost in the morning. Facebook is still running strong due to the new video sharing options on Instagram.
  • Mad Money's Jim Crammer says Intel is way under valued even with the CEO scandal. With the positive earnings from Micron (MU), I would have expected Intel to power higher also. It will over the next week and I would expect a new high by Intel's next earnings report.

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