Stock Market Update- 8/5/17

Overall this was a fairly good week for the U.S. stock market.

This week’s biggest surprise was Apple’s Q2 earnings and positive year-end outlook.

In case you missed it, Apple’s Q2 Earnings included strong top-line revenue growth of $45.5 billion. The company also reassured Wall Street of even stronger 4th Quarter iPhone sales.

Over the last 52 weeks the stock has gone from a low of $116 to a high of $157.

Now is the time to own Apple shares for the long-term.

Although we are not in a fast money traders market, the next 7 days will be a great time for selling out of the money covered calls.

Stay Focused on monthly residual income.

Stay Open! Stay Positive!

Tyrone Jackson

The Wealthy Investor

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