What a crazy week for stocks, as earnings for the big dogs hit all time highs.
Here are just a few highlights:
Facebook (FB) saw its Q4 earnings come in at $12.9 billion. However it was revealed that FB users are spending less time logged onto the site. As a result, the future impact on earning has yet to be seen.
MasterCard (MA) had net profits of $3.3 billion, due in part to strong online sales during the holiday season.
Dow component Apple (AAPL) saw a major decline in its stock price, as consumers worldwide failed to upgrade their phones in large numbers during the December 2017 holiday season.
The Dow dropped over 100 points heading into Friday’s close, as institutional traders took profits for the month of January.
Just a reminder we are still in the middle of earnings season. Please do not become too aggressive with your options and volatility trades.
Let’s see what happens during the next five trading days.
I expect January through March to be very volatile.
Always stay focused with Wealthy Investor discipline.
Tyrone Jackson
The Wealthy Investor
