Up and down week. It seems as though the virus, jobless claims, and GDP don’t matter yet. Let’s just buy the big stocks and sell everything else I guess. Amazon had RECORD PROFIT in their earnings this week. Apple is doing a 4-1 split. The S&P 500 remains under 3300 points and was up 1.5% this week, DOW is still under 27, 000 points dropping 0.22% on the week and the Nasdaq Composite is still powering up there coming within 20 points of the highs up 3.0% this week. This is what I traded this week.
Eastman Kodak (KODK) – What a week for this stock. If the SEC doesn’t step in now, they should just be disbanded. Just a quick word, they ran up on news of a 750 million dollar loan to help create generic drugs. Anyways, volatility for the win!
Amazon.com (AMZN) – Like I said earlier, record profits for Amazon this week. Not only that, they have approval from the FCC for their Kuiper Constellation satellite project.
Shopify (SHOP) – New deals, upgrades and busting up through $1000.00 for the first time ever this week. I do still feel like this has more legs to run!
Intel Corporation (INTC) – Suffered big losses this week. They delayed their next generation chip and might move manufacturing out of their own control. With all that, they suffered one off their steepest weekly declines in years. Look for s rebound soon..
Overstock.com (OSTK) – Overstock or over-bought? Anyways incredible turn around in earnings per share this week (1000% increase) lead to an astounding pop in the stock price. I have no faith in this to hold it’s gains and will look to short in the coming days.