July 25, 2014
Several high-profile earnings that hit the mark but came in short of whisper estimates took some of the short-term wind out of the sails of this week's rally. Shares of Amazon.com (AMZN), Visa (V) and Starbucks (SBUX) took a small bite out of the otherwise upbeat tone surrounding most companies' second-quarter results.
Our open trades continue to exhibit relative strength in this tough market, with one hitting its second profit target today. We also took gains in another after it hit a protective stop.Continue Reading »
July 24, 2014
Stocks ripped higher, then sold off, then ripped higher again and retreated before ultimately landing on their backs, out of breath and largely unchanged.
It was kind of an unseemly outing for the bulls. They could just not get their act together despite ample positives, such as a blow-out earnings report from high-beta, new-age superstar Facebook (FB) as well as good reports earlier in the week from Microsoft (MSFT), Apple (AAPL), Intel (INTC) and Google (GOOGL).
In today's Trader's Advantage, I'll review the key winners and losers in Thursday's session, and I'll update you on our current holdings. We entered two new trades today, and I'm adding options to one of our stock positions.Continue Reading »
July 23, 2014
Despite worsening tensions overseas and a mixed bag of earnings reports, stocks were mostly higher on the day, continuing Tuesday's advance. The S&P and the Russell 2000 each gained 0.2% and the Nasdaq rose 0.4%, while the Dow gave up 0.2%.
The blue-chip index was dragged down by Boeing (BA), which met Q2 earnings expectations but failed to live up to revenue forecasts. Also on the earnings front, Caterpillar (CAT) also disappointed the Street with its report, while Apple (AAPL) beat expectations, as did Intuitive Surgical (ISRG).
In today's Trader's Advantage, we took profits on one position and entered another, and I have three new trade ideas to share. I'll also update you with my latest recommendations for all of our current holdings, including canceling two unfilled buy orders.Continue Reading »
With the markets trading near all-time highs, where do you think the S&P 500 will be at the end of the year?
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C. Iglesias, MD
Coral Gables, FL