Fast Money Blog- 7/7/23

On Friday, July 7th, the U.S. Labor Department released its jobs report for the month of June. The unemployment rate is now at 3.6%.

Based on Thursday’s trading, the market is fearing that the Fed will continue to raise interest rates. Overall stocks remained range bound.

Here are how some of our favorite Wealthy Investor stocks performed this week:

Microsoft Corporation (MSFT)

Closed on Monday, July 3rd at $337.99

Closed today, Friday, July 7th at $337.22

Alphabet, Inc. (GOOGL) 

Closed on Monday, July 3rd at $119.90

Closed today, Friday, July 7th at $120.14

Amazon.com (AMZN)

Closed on Monday, July 3rd at $130.22

Closed today, Friday, July 7th at $129.78

Lowe’s Companies, Inc. (LOW)

Closed on Monday, July 3rd at $224.59

Closed today, Friday, July 7th at $221.96

The Home Depot, Inc. (HD)

Closed on Monday, July 3rd at $310.02

Closed today, Friday, July 7th at $302.79

I expect volatility to rise as we get closer to Q2 earnings, which kick off on Tuesday, July 25th. I also expect the market as a whole, to rise significantly during the 2nd half of the year.

Tyrone Jackson, The Wealthy Investor