Happy Weekend. Let’s look at something positive. The Nas has been on a roll! 12 straight days in the black. Earnings reports from tech stocks have been excellent for the most part. Apple, eBay, Qualcomm, and Intuitive Surgical (ISRG) all tipped in well above predicted. They beat the street. Yesterday ISRG pounded every other stock by going up over $45 per share. One anti regular had to keep smacking himself to make sure it was all real.
The Nasdaq hasn’t been on such a roll for a long time. Is this a good sign of economic recovery? Doesn’t the stock market always herald how investors feel things will be 6 months from now? Not all that glitters is gold however. The winning streak might have a temporary setback today as investors do some profit taking.
Additionally, Microsoft, one of the giants of the Nasdaq, had a very bad quarterly report yesterday. Earnings were down and were reflective of a global economy in crisis. It will be interesting to see what happens today. Will we keep our earnings and will profit taking be a blip on the radar, or is the overall stock run that we have been experiencing since March going to come to a screeching halt? Will the Microsoft report be a spoiler because of its influence in the tech world? Asian markets are looking good today. The Dow and the S & P are all sporting that upward green arrow! Run Bulls Run!
Readers, contributors, what stocks have you been watching? Has everyone jumped back into the market or are you thinking about sticking a toe in? Who has some great stocks, mutual funds or ETFs to report that maybe have flown under the radar? Share! Inquiring greedy minds want to know.