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Market Update for July 12, 2018



In today's video:

1) The Technology sector has been carrying this Market on its back and today was no different. The Dow Jones Industrial Average gained 224.44 points, the S&P 500 added 24.27 points while the Nasdaq 100 hit a new all-time high and closed higher by 107.31 points and the Russell 2000 finished higher by 6.61 points.

Market Update for July 11, 2018



In today's update:

1) What a difference a day makes, stocks closed sharply lower after the Trump Administration announced another round of tariffs on China. The Dow Jones Industrial Average dropped 219.21 points, the S&P 500 fell 19.82 points while the Nasdaq 100 closed lower by 42.59 points and the Russell 2000 finished lower by 11.96 points.

Market Update for July 10, 2018



In today's update:

1) The Dow completed its fourth straight day of gains led by DowDupont and Procter & Gamble as U.S. equities closed mostly higher. The Dow Jones Industrial Average gained 143.07 points, the S&P 500 added 9.67 points while the Nasdaq 100 closed higher by 3.00 points and the Russell 2000 finished lower by 8.99 points.

Market Update for July 9, 2018



In today's update:

1) The Technology sector continues to do well but today was all about Financials as stocks closed sharply higher. The Dow Jones Industrial Average gained 320.11 points, the S&P 500 added 24.35 points while the Nasdaq 100 closed higher by 67.81 points and the Russell 2000 finished higher by 10.55 points.

Market Update for July 8, 2018



In today's video:

1) U.S. equities celebrated the jobs report on Friday and once again ignored the trade war between U.S. and China. The Dow Jones Industrial Average gained 99.74 points, the S&P 500 added 23.21 points while the Nasdaq 100 closed higher by 101.96 points and the Russell 2000 finished higher by 14.57 points.

Market Update for July 5, 2018



In today's video:

1) The tech sector led the way again today, but this time, it helped U.S. equities close higher. The Dow Jones Industrial Average gained 181.92 points, the S&P 500 added 23.39 points while the Nasdaq 100 closed higher by 83.75 points and the Russell 2000 finished higher by 19.06 points.

Market Update for July 4, 2018



In today's video:

1) Big Tech led the way lower on Tuesday as a shortened trading session ended in the red for most stocks. The Dow Jones Industrial Average dropped 132.36 points, the S&P 500 fell 13.49 points while the Nasdaq 100 closed lower by 65.01 points and the Russell 2000 finished higher by 5.33 points.

Market Update for July 2, 2018



Today's Update:

1) U.S. equities spent most of the day in the red but a late day rally helps stocks close out the first trading day of the third quarter with gaines. The Dow Jones Industrial Average gained 35.77 points, the S&P 500 added 8.34 points while the Nasdaq 100 closed higher by 57.38 points and the Russell 2000 finished higher by 12.01 points.

Market Update for July 1, 2018



1) U.S. equities closed mostly higher on Friday but posted losses for the week as trade War fears linger. The Dow Jones Industrial Average gained 55.36 points, the S&P 500 added 2.06 points while the Nasdaq 100 closed higher by 6.62 points and the Russell 2000 finished lower by 1.95 points.

2) Crude Oil Futures rose a little over 1% to close above $74 for the first time since November of 2014 while Gold Futures finished the day higher by $3.20 due mostly to weakness in the U.S. dollar. The Bond market closed slightly lower on Friday and the yield on the 10-year treasury note closed at 2.860.

Apple Is Poised to Move Even Higher After Reporting 3Q Earnings

First published at TheStreet

We don’t generally trade prior to earnings but both technical and fundamental factors are suggesting a long play on AAPL prior to the earnings announcement on July 22.

Wall Street has been riding high on AAPL for some time now and expecting it to report $1.22 per share in earnings for Q3, Fiscal 2014, an increase of over 10% year-over-year. So, they’re making money. What else is new? From a fundamental perspective, the breaking news is Apple’s recent deal with IBM. This is huge from a revenue growth perspective. These long-time competitors are now teaming up to ride the tablet and app wave. According to Forrester research, business and governments (i.e. enterprise) spent approximately $11B on iPads alone in 2013. This is a significant amount for any industry but only accounts for a small portion (about a third) of the Cupertino giant’s total iPad sales. Furthermore, the $11B number is expected to increase by 20% over the next two years.

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