The release on Friday, October 2nd of the U.S. employment data along with President Trump’s Covid-19 diagnosis caused the major averages to end in negative territory.
The good news is that Dow stocks like Nike Inc. (NKE) and Apple, Inc. (AAPL) held their own.
For the last 5 trading sessions Nike and Apple stock have been range bound, with NKE’s Monday (September 28th) close at $126.35 and Friday’s, (Oct. 2nd.) close at. $126.71.
Apple shares closed on Monday, Sept. 28th at $114.37 and closed Friday, Oct. 2nd at $113.02.
After the November Presidential election I expect Nike, Inc. (NKE), Apple, Inc. (APPL), Costco Wholesale Corporation (COST), Visa, Inc. (V) and Mastercard Corporation (MA) to rise sharply.
Stay Patient, Stay Positive!
Tyrone Jackson, The Wealthy Investor
