Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 13th of December.
Every Friday, I go through the same ritual in the stocks I've been following for the last several months to see how they have performed for the week.
The overall market indices have not done well this past week, I think that's clear to everybody. The most popular stocks that I follow, which I have listed below, show that 70% of them are higher for the week. I think that it is important to remember that trends can persist in individual stocks and are not generally influenced by the bigger indices.
Apple (NASDAQ:AAPL) : + for the week
Yahoo (NASDAQ:YHOO) : + for the week
Facebook (NASDAQ:FB) : + for the week
Exxon (NYSE:XOM) : + for the week
United States Natural Gas (PACF:UNG) : + for the week
Tesla (NASDAQ:TSLA) : + for the week
Netflix (NASDAQ:NFLX) : + for the week
Pandora (NYSE:P) : - for the week
Amazon (NASDAQ:AMZN) : - for the week
Hewlett-Packard (NYSE:HPQ) : - for the week
Out of these ten stocks, seven of them are higher for the week, despite the big pullback in the major indices. I believe that this confirms that trends can be very strong in individual stocks and remain positive while the overall market corrects.
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Every success in the market and have a great weekend,
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.