Yes, TireSmoke. Looks like you are having a very good run. It is nice to get rewarded for staying with it. At the time, it always seems the red days will not end. I remember buying shares and making contributions back then. I kept telling myself it was like a discount sale and that this was for further down the road. Nice to see all of that with a nice green gain now.
So far today the DOW is getting a nice boost in the green from the financial earnings likely. The SP 500 also moderately on the plus side, with the NASDAQ yet to get out of the red, but within striking distance.
Looks like things have picked up as the day has went on. It appears that MSFT is going to hit ATH today if it holds.
Another Green Day, good to have a solid market with literally NO THREAT IN SIGHT. Seems like everything and everyone is doing well. All the main indexes are in full ATH catch up mode! Who will get there first? Anyone willing to guess??
Another nice end to the market day. Some nice looking gains out there today. Tomorrow earnings continue. TSLA is up at market close.
Keep up the good work people. I will be out of touch for the rest of the week. NVDA……ON FIRE. Heading to $600. It might even be heading to a split soon. I am feeling the GREED. More…..I want more. But …..I am too lazy to do anything.
I am with Z on NVDA. I wouldn't be surprised if there is an announcement of another split by the end of the year. This sitting back and doing nothing sure is hard work!!! Now I have to find something else to do with my time instead of guessing my next day trade!
The latest development with Microsoft and activision is just further proof that the current tech/AI craze is certainly NOT a bubble and EXTREMELY LIKELY to go on for awhile. And no, this is far FAR from being compared to the 2000 tech bubble, since all of these companies that are affiliated with AI are well established and most are already profitable. It’s now just a question of how much of it will play a role in our lives once fully implemented and who the leaders would be. It certainly seems like NVDA on the hardware end, and MSFT on the software end
So far, looks good today. Yeah, NVDA is running wild at this point. The next closest thing to them, as far as YTD gains, has been META. At close yesterday, this was the top 10 in YTD of SP 500. S&P 500 Component Year to Date Returns # Company Symbol YTD Return 1 NVIDIA CORP NVDA 224.99% 2 META PLATFORMS INC CLASS A META 159.31% 3 TESLA INC TSLA 138.14% 4 CARNIVAL CORP CCL 126.43% 5 ROYAL CARIBBEAN CRUISES LTD RCL 101.03% 6 ADVANCED MICRO DEVICES AMD 82.08% 7 PULTEGROUP INC PHM 80.14% 8 PALO ALTO NETWORKS INC PANW 77.97% 9 NORWEGIAN CRUISE LINE HOLDIN NCLH 72.79% 10 SALESFORCE INC CRM 71.68%
The NASDAQ 100 looks like this. Nasdaq 100 Component Year to Date Returns # Company Symbol YTD Return 1 NVIDIA Corp NVDA 224.99% 2 Meta Platforms Inc META 159.31% 3 Tesla Inc TSLA 138.14% 4 Trade Desk Inc/The TTD 97.48% 5 Advanced Micro Devices Inc AMD 82.08% 6 Palo Alto Networks Inc PANW 77.97% 7 Marvell Technology Inc MRVL 77.54% 8 Airbnb Inc ABNB 71.38% 9 Align Technology Inc ALGN 70.99% 10 ON Semiconductor Corp ON 68.09%
Some earnings at close. United Airlines Announces Second-Quarter Financial Results: Achieves Record-Setting Financial Performance (UAL) Tesla Releases Second Quarter 2023 Financial Results (TSLA) Kinder Morgan Reports Second Quarter 2023 Financial Results (KMI) IBM RELEASES SECOND-QUARTER RESULTS (IBM) Netflix to Announce Second Quarter 2023 Financial Results investor relations website at http://ir.netflix.net (NFLX)
You are laying down rubber tracks on the road without steering, touching the accelerator, or shifting.
To end the day.... SP 500 4565 (+0.24%) DOW 35061 (+0.31%) NASDAQ 14358 (+0.03%) Specific holdings today were a bit more mixed depending on what you may hold and in what sector its in.
Going by all the averages looks like today will be the first trading day DISASTER… Netflix down 6-8%, tsla 3% etc etc… This “kinda” reminds me of the beginning of the 2022 “party’s over” period…. Kinda…. Of course this could just be a few select stocks and were back to normal by tomorrow. But I like to look at somewhat volatile stocks and study how the market reacts to them on sell off days. When the market started to sell off last year it didn’t all of a sudden DROP overnight like it did during covid, it just shot key component stocks down by letting them fall into the abyss in every earning call. I’m up 58% ytd so although I got used to it already, I understand that we gained alot this year, and all that during a period where not only there are no rate cuts, but actually rate hikes.
Some earnings this morning. Johnson & Johnson Reports Q2 2023 Results (JNJ) Abbott Reports Second-Quarter 2023 Results; Increases Outlook For Underlying Base Business (ABT) Philip Morris International Reports 2023 Second-Quarter and First-Half Results (PM) American Airlines Reports Second-Quarter 2023 Financial Results (AAL) Infosys: Solid Q1 year on year revenue growth of 4.2% at 20.8% operating margins (INFY) TSMC Q2 profit falls 23%, beats market expectations (TSM)
Just looking at some of the market this morning. The TSLA earnings looked fine to me yesterday, they got in a beat. I think some of the negative came from the earnings call with management later. He mentioned production slowing in third quarter due to some factory shutdowns to conduct further improvements. Also, the cyber truck would not be produced in high volume until next year. That was the media release anyway. So, some of that may be having an impact today. I didn't see much of that as negative, but I don't follow all things TSLA exclusively. Some of the semiconductor/chip stocks are probably getting a little reaction to the TSMC earnings. Some of the other companies that got in good earnings seem to be getting a boost from their reports.
Well, it appears that Tech continues to struggle today. Other areas in health, financials, energy, utilities, consumer staples, industrials, are doing fine at the moment.
The finish for our day. SP 500 4534 (-0.68%) DOW 35225 (+0.47%) NASDAQ 14063 (-2.05%) Again, depending on how you have your portfolio structured determined how much red/green you might have. There were some places that did okay today mentioned above and that held through the day pretty much. I still think the tech red today had more to do with the comments/earnings from TSM, but that's just my opinion.
A semi-good day today for the markets. The SP500 is nicely UP for the week.......so good work with the markets. I should be able to do some regular posting on Sunday and have a chance to look at my account and post my weekly result. Lets.....finish the week in STYLE with a good day tomorrow and make some money. At worst.........lets end the week with a nice gain for the SP500 and the other averages.
Tech continues to dive. Looks like this is it folks, one day the market decided it’s too overbought, of course as a long term investor this means nothing to me, was nice to see all these gains, I guess I can sell all my “AI related” stocks and call it a day but I don’t think it’s necessary since I have a great deal of trust in the growth of these particular companies that I bought
