Everything opened lower today with news about more tariffs on China. According to the experts, China has continued to devalue their currency, lowered their interest rates and are in debt. China will have to bend or they might break. Apple appears to be immune to the tariffs as their phones are made in China therefore they employ a ton of people and they are selling high end phones in China. On top of that, Apple's service business is the where the money is growing.
With the huge earnings quarter Apple posted, analysts expect that Apple is worth a much higher multiple and today it became the first company to break the trillion dollar market cap. I am not an Apple lover, but based on the numbers Apple should be trading for around $500 a share and Amazon should be at $200.
Speaking of things that should be worth more, did you see Tesla? As I said, it moved down a little and shot up. It may have more room to run, Sonos (SONO) entered the market today with an IPO at $16 and ran up to just under $21 by the end of the day. It should run further over the next few days.
Boeing didn't go positive, but opened down and bottomed around 9:40am before moving up to 350. It was a nice run if you timed it correctly because it went down before ending around that peak.
Alphabet (GOOGL) opened down 10 and dipped to 1218 before shooting up. Typically when it opens higher, it will retrace to go lower than the prior close as when it opens lower it retraces higher past the prior close. In the past 2 days it has traded between 1218 and 1244. Unfortunately I failed to trust what I believed and got out too early at the first peak.
With the huge earnings quarter Apple posted, analysts expect that Apple is worth a much higher multiple and today it became the first company to break the trillion dollar market cap. I am not an Apple lover, but based on the numbers Apple should be trading for around $500 a share and Amazon should be at $200.
Speaking of things that should be worth more, did you see Tesla? As I said, it moved down a little and shot up. It may have more room to run, Sonos (SONO) entered the market today with an IPO at $16 and ran up to just under $21 by the end of the day. It should run further over the next few days.
Boeing didn't go positive, but opened down and bottomed around 9:40am before moving up to 350. It was a nice run if you timed it correctly because it went down before ending around that peak.
Alphabet (GOOGL) opened down 10 and dipped to 1218 before shooting up. Typically when it opens higher, it will retrace to go lower than the prior close as when it opens lower it retraces higher past the prior close. In the past 2 days it has traded between 1218 and 1244. Unfortunately I failed to trust what I believed and got out too early at the first peak.
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