The week ending July 27thwas not a good week for tech stocks. Both Facebook (FB) and Twitter (TWTR) reported a decline in users during the 2ndQuarter. As a result, Wall Street punished both shares with a sell–off.
Google’s parent company Alphabet Inc. (GOOGL) saw an earnings boost due to their cloud enterprise division. This earnings period has been filled with both earnings beats and earnings misses. Please pay careful attention to the earnings dates for all of the stocks you own.
In the week’s ahead, we will hear earning reports from Applied Materials, Inc. (AMAT) on 8/16, Take-Two Interactive Inc. (TTWO) on 8/2, and Nvidia (NVDA) on 8/16. Please mark your calendars.
I expect large amounts of volatility within the next 20 trading days.
I suggest you feed your long-term Dow Stocks with covered call premiums during the month of August.
Stay Disciplined!
Tyrone Jackson
The Wealthy Investor
