Market Update: Earnings Galore
Not much has changed since Tuesday’s pre-market update. The market remains exceptionally strong as the buyers continue to dominate the landscape (for now). Selling remains virtually non-existent and the market is pausing to digest the recent (big) move ahead of the next major catalyst: Earnings Season. Earnings are being released in droves over the next few weeks and as always- it is imperative to see how the market and individual stocks react to the numbers. So far, the reaction has been very positive.
FLS Portfolio:
The FLS portfolio continues acting well. NFLX reports on Monday and the service has a nice cushion. To protect the position the protective sell stop will be raised to break-even. Here is a snapshot of the portfolio as of Wed’s close:
Positions:
The service owns:
ADBE +38.31%, BABA +88.65%, CAT +19.99%, ISRG +14.28%, NFLX +12.98%, NVDA +14.08%, RMD -1.48%
The service will exit: ADBE @ 138.17, BABA @ 147.47, CAT @ 107.18, ISRG @334.06, NFLX @172.55, NVDA @167.38, RMD @75.17
Working Orders:
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.
