Market Update: Earnings Season Front & Center
Stocks remain exceptionally strong. Google fell after hours on the big EU fine but a slew of other stocks are up nicely as we enter the heart of earnings season. So far, the market continues to act well as investors digest a slew of earnings over the next few weeks. Until we see any heavy selling, the market remains very strong.
FLS Portfolio:
The FLS portfolio continues to do very well. CAT is up 5% after reporting earnings this morning which is good for the portfolio. Here is a snap shot of the portfolio before Tuesday’s open:
Portfolio Update:
The service owns: ADBE +34.60%, BABA +55.53%, GLW +8.70%, COH +5.38%, CAT +5.43%, AMZN +3.00%
The service will exit: ADBE @ 131.17, BABA @ 133.07, GLW @ 29.30, COH @46.07, CAT @102.27, AMZN @ 979.57
Working Orders:
We are happy with our current exposure and will look to buy the strongest names as they emerge from earnings season. There are no new working orders today
Disclaimer:
This analysis contains information from resources believed to be reliable but are not guaranteed as to accuracy or wholeness as of the date of this publication. Past performance is not necessarily indicative of future results. There is always a risk of loss in trading and investing. Opinions articulated are subject to change without notice. This analysis and any opinions expressed are intended for educational purposes only and should NOT BE interpreted as a call for engagement in any transaction involving the purchase or sale of any security or investment product or service. The risk of loss in investing and or trading can be substantial, and traders/investors should carefully consider the inherent risks of such an investment in light of their financial condition. The author, firm, associates, or the firm’s clients may have a position in any of the investments mentioned and their positions are subject to change without notice. Any reproduction or retransmission of any portion of this report without the express written consent of 50 Park Investments is strictly prohibited.
