The first half July was marked by surges in big tech stocks as they continued their bullish runs from from June. In second half of July the market entered the heart of earnings season and the overall market pulled back slightly in caution and continued to trade sideways as some companies fell short of expectations while others like Apple and Amazon posted massive earnings beats. This is really where we see the winners continue to get separated from the losers in these incredibly unique economic circumstances. Banks, Airlines and Cruise Line stocks all continue to struggle in this pandemic economy, while restaurants, tech, and consumer staples continued to show amazing strength The impressive earnings beats yesterday of the tech juggernauts, Apple, Amazon, Google and Facebook help buoy the indices in an otherwise weak market.
All said and done the S&P 500 posted a solid gain of 4.98% for the month, while the Dow gained 2.69%, the Russel 2000 small cap index gained 3.72%, and the Tech heavy Nasdaq continued to outperform with a gain of 5.81%
But the 5 stocks on my watchlist outperformed with an average gain of 13.29%!!!!
Get started on WeBull with paper trading and get 2 free stocks with this link!
https://act.webull.com/i/FOLudFkGDk7g/k1k/
Get $10 free to invest in your custom "pie" when you open an account with this link:
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Footage Credit:
videvo
peacezxp
All said and done the S&P 500 posted a solid gain of 4.98% for the month, while the Dow gained 2.69%, the Russel 2000 small cap index gained 3.72%, and the Tech heavy Nasdaq continued to outperform with a gain of 5.81%
But the 5 stocks on my watchlist outperformed with an average gain of 13.29%!!!!
Get started on WeBull with paper trading and get 2 free stocks with this link!
https://act.webull.com/i/FOLudFkGDk7g/k1k/
Get $10 free to invest in your custom "pie" when you open an account with this link:
https://m1.finance/F97jdVfQK05F
Follow me on Facebook:
https://www.facebook.com/Investing-For-The-Common-Man-114562576766460/
Footage Credit:
videvo
peacezxp
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