Check Apple
Down 3% today but as usual a lot of investors concentrate on the iPhone. That’s a mistake.
Up after hours.
Check Apple
ProbablyDown 3% today but as usual a lot of investors concentrate on the iPhone. That’s a mistake.
Up after hours.
Just what we've been waiting for.Amazon going to the woodshed after hours, down over 18%.
Fascbook down 24.5% today. What was a $330 plus stock at the beginning of this year is now $97 and change.
https://www.marketwatch.com/story/i...ging-alongside-quarterly-earnings-11665533944
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Like I said in my previous post…… economic slowdown = layoffs.
^^^^ From Oct 12, 2022
Unfortunately layoffs will happen since payroll makes up a large portion of a business operating expense.
Economy is slowing down and no doubt companies will be trimming the fat.
I still believe we need another 30% discount on some very good companies like Amazon that are currently getting beat up.Have cash ready for some great buys.
I agree with this but at what point do you buy there stock. There pretty close to their 2019 price point. I don't see anyone catching up to them in the mid term on the retail side. Walmart is trying but can't seem to get it at all.Amazon is bloated and has too many warehouses / distribution centers / employees.
I still like AWS and their advertising business.
Amazon needs to make some cuts because they grew way too fast during / after the lockdown, now they have to downsize and make some tough decisions.
I’ve said this before a few times:
My IRA was once made up of 100% Amazon stock, I really liked the company but I could see that crazy exponential growth could not last forever.
Up 8 Percent
I think its the media that concentrates on the iPhone, we have had a saying in our family for decades and decades, even before the internet.Down 3% today but as usual a lot of investors concentrate on the iPhone. That’s a mistake.
Up after hours.
Amazon, gosh I must have been one of their first customers *LOL* to bad I never bought their stock.Amazon needs to come up with something additional to add value. In my experience most companies are selling their goods on their own sites. Some might be attached to Amazon but many are not. Retail is adapting.
Walmart used to be the cheap place to buy food and sundry but again, in my experience others are just as cheap now.
I think its the media that concentrates on the iPhone, we have had a saying in our family for decades and decades, even before the internet.
News to fit the stock market.
Translated version, there will always be a news story to fit the direction of the market.
It is note worthy though, even though its concentrated on the iPhone, just look at the news of FB and Google and tech companies in general. I think its just time for a common rotation but heck, what do I know, I dont trade day to day or even month to month. Though that may change one day, now that I have time in my life for it.
I mean, in general right now, the tech world is getting beaten up in the media with the massive firings and layoffs. Through in the tech centers real estate market for icing on the cake!
I always want to buy Apple when it’s really beaten down and I never do and always wish I did but then again I’m fully invested as far as the stock market goes.AAPL up 7% today so far.
I always want to buy Apple when it’s really beaten down and I never do and always wish I did but then again I’m fully invested as far as the stock market goes.
It seems like you could always count on Apple having a bounce.
A long term "investor" doesn't buy any stock/etf until its 200 day moving average on a 1 yr chart is (trending) going up. You sell when the 200 day moving average on a 1 yr chart is moving (trending) lower. It's easy to see on the AMZN chart, WMT has held up better than most but is trending lower, just not as steeply as AMZN.
Buying when something is trending down is called "catching a fallen knife", OUCH!
Now if only people could get the cyclic rhythm down of these weekly roller coaster rides and "mini rallies" ...
Now if only people could get the cyclic rhythm down of these weekly roller coaster rides and "mini rallies" ....