Market Update: Earnings Season In Full Swing
The market is off to a mixed start to earnings season. On the downside, nearly all the big banks sold off after reporting earnings. In a “normal” world, that typically is not a healthy sign. I say “normal” because markets have been exceptionally strong recently. Th big standout winner is NFLX and that bodes well for other growth stocks. It’s still very early and we want to see how stocks react to earnings over the next few days/weeks. At this point, we do not have any major gripes with the way the market is acting.
FLS Portfolio:
The service added AMZN today as the stock continues to hit new record highs. Here is a snap shot of the portfolio as of this writing 12:22pm EST:
Portfolio Update:
The service owns: ADBE +32.48%, BABA +57.15%, GLW +6.89%, COH +3.65%, CAT -0.32%, AMZN +1.38%
The service will exit: ADBE @ 131.17, BABA @ 133.07, GLW @ 29.30, COH @46.07, CAT @102.27, AMZN @ 979.57
Working Orders:
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.
