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Our stocks are doing great!
The stocks we review in our program like AMZN, AMD, MSFT, and NVDA are all doing fantastic.
AMZN had blowout earnings and popped. AMD has been pumping like crazy, and NVDA will have earnings on Feb 21st and the stock is soaring into that date like it always has as of late.
So what's going on GOOGL and AAPL?
GOOGL had a normal sell-off pattern after earnings. This is simply institutions taking profits; nothing to be concerned about here.
AAPL is a slightly different story. The stock seems stuck, trading in a range. Their earnings were actually quite positive, and their services sector is growing tremendously. This is important because services are a higher profit area for the company, so it shows the big wigs over there are thinking about how to create profit and they are getting the job done.
AAPL likes to dump after earnings, so I see that as nothing new. Every earnings people sound like a broken record, saying no one likes AAPL anymore because it declined on earnings. They don't know it follows a pattern of institutional profit-taking quarterly.
We'd all like to see AAPL innovate with some new products and that may be the larger reason why the stock is at a stalemate and hasn't hit $200. I won't ever count the big girls out. And AAPL is a big girl. I've seen several journalists review the Apple Vision Pro, and they all said the 3D nature of the technology is revolutionary and an incomparable experience that is only in its infancy. I have yet to get my hands on one, but if I know Apple, this sounds accurate.
META announced that it has tons of cash on hand and is now paying a 50cent dividend per quarter. This means institutions will now rush in to trade it when they didn't before. The charts on META are now gorgeous, and it moved from something I wasn't that jazzed about into the watchlist + trade category for me.
That's a recap of last week!
Happy Trading!
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