Markets Dragged Lower By Amazon

Hello traders everywhere. Amazon.com Inc (NASDAQ:AMZN) shares fell a little over 2% after it reported a 77% drop in profit as its rapid and costly expansion into new shopping categories and countries shows no sign of slowing. Amazon is the worst performer on the NASDAQ and the second biggest drag on the S&P 500 today, pulling down both indexes today.

MarketClub's Mid-day Market Report

In economic news, U.S. economic growth for the second quarter came in-line with expectations, the Commerce Department said Friday. The U.S. economy grew at an annualized rate of 2.%, matching estimates.

Key levels to watch next week: Continue reading "Markets Dragged Lower By Amazon"

How To Profit From The Amazon-Whole Foods Deal Before It Happens

Matt Thalman - INO.com Contributor - ETFs


The announcement that Amazon.com Inc. (NASDAQ:AMZN) had made an offer to purchase Whole Foods Market Inc. (NASDAQ:WFM) sent the grocery stocks plummeting. While some experts think Amazon's move into the grocery business is a great idea, others aren’t so sold on the idea.

Regardless of whether this move by Amazon is good or bad for Amazon, the grocery sector was punished by this news and I don’t think stocks like The Kroger Co. (NYSE:KR) deserved to fall nearly 10% on the news. Or even Wal-Mart Stores Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Costco Wholesale Corporation (NASDAQ:COST) all losing billions in market capitalization just because Amazon is buying Whole Foods.

Really? Continue reading "How To Profit From The Amazon-Whole Foods Deal Before It Happens"

North American Cannabis Stock Index up 208% in 2016

Analysis originally distributed on January 4, 2017 By: Michael Vodicka of Cannabis Stock Trades

Cannabis stocks had a ridiculous year in 2016.

The MJIC North American Cannabis Stock Index was up 208%. Take a look below.

MJIC North American Cannabis Stock Index

Chart courtesy of MarijuanaIndex.com

Congratulations to the smart people who invested. Your portfolio had a great year.

Looking forward, I am expecting more of the same in 2017. Continue reading "North American Cannabis Stock Index up 208% in 2016"

How The Mighty Have Fallen

Today I want to start off by thanking the brave men and women who have and continue to serve and protect our country. Thank you for all that you do!

Let's look at two very well-known and some would say mighty stocks. Both of these stocks are households names and have proven to be safe investments over time. The question now is, is that dynamic changing or has it changed already? Let's get started by looking the first stock.

MarketClub's Mid-day Market Report

Alphabet Inc. (NASDAQ:GOOG): For the first time in a long time Alphabet triggered a major sell signal which pushed all of the Trade Triangles into a negative mode. The first indication that there was trouble afoot for GOOG came on November 2 when the weekly Trade Triangle gave a red exit signal at $773. Is GOOG a buy here or is this once mighty stock headed lower? Continue reading "How The Mighty Have Fallen"

Here's A Good Way To Begin The Week

How did you do the second quarter? Did you make money or did you lose money?

Well, I'm happy to report that the Internet Portfolio put in a very good performance in a very flat market. The portfolio showed a return of 5.67% which I think you'll agree is an excellent return for Q2.

The Internet Portfolio is comprised of the following five stocks: Continue reading "Here's A Good Way To Begin The Week"