This week the major stocks like Apple, Inc. (AAPL), Microsoft, Corp. (MSFT), Mastercard Corporation (MA), and Visa, Inc. (V) held steady in their predictable trading ranges.
The surprise of the week was Facebook (FB) and the company’s share price which hit an all-time high of $236.48 on Thursday, May 21st.
On Tuesday, May 19th Facebook announced the debut of Shops, its new e-commerce platform. Shops will help small business owners set up a single digital storefront that will be available to users on both its Facebook and Instagram platforms.
Initially the Shops platform will be free. However, I’m willing to bet that by Q4, Facebook will be enjoying small transaction fees. These new transaction fees will show up in January in their Q4 earnings release.
It looks like our market is going higher from here.
Stay with the Wealthy Investor approach and over time you will win big.
Tyrone Jackson
The Wealthy Investor
