Posted @ 3:27 p.m. EST on 4/23/08
Today we are looking at Apple (NASDAQ_AAPL) and Amazon (NASDAQ_AMZN). We are looking at both of these markets before their earnings are released after the bell today. We will be carefully analyzing each stock and coming up with the real conclusion that we believe makes sense.
We are using MarketClub's “Trade Triangle” technology, which has been found to be a superior tool for most traders. In this short video you will see how we analyze each stock and how you can do the same thing using these tools.
Nobody knows at this point what the earnings are going to be for either of these companies. It should be an interesting experiment for our “Trade Triangle” technology. Having said that, nothing is ever 100% accurate in trading stocks. However, if you're 80% right or even 70% right you can still do very well trading in stocks, futures, mutual funds, precious metals and the foreign exchange markets.
MarketClub’s “Trade Triangle” technology provides an elegant solution that has a history of being on the right side of the market.
Enjoy the video,
Adam Hewison
Co-founder of MarketClub.com
This just in:
Amazon.com 1Q profit rises 29 percent
7 minutes ago
(AP:SEATTLE) Web retailer Amazon.com Inc. says its first-quarter profit rose 29 percent, helped by solid sales in the U.S. and abroad.
Quarterly earnings climbed to $143 million, or 34 cents per share, from $111 million, or 26 cents per share, in the same period last year.
Those results beat Wall Street's expectations. Analysts surveyed by Thomson Financial had forecast a profit of 32 cents per share.
Revenue increased 37 percent to $4.14 billion from $3.02 billion in the year-ago quarter.
Sales in North America rose 31 percent to $2.13 billion from a year ago, and international sales grew 44 percent to $2.01 billion.
Now here comes APPLE:
Apple fiscal 2Q profit jumps to beat street on Mac sales
2 minutes ago
(AP:NEW YORK) Apple says its fiscal second-quarter earnings jumped to beat analyst estimates as computer and iPod revenue grew.
The Cupertino, Calif.-based computer and electronics maker's second-quarter profit totaled $1.05 billion, or $1.16 per share, compared with $770 million, or 87 cents per share, in the year-ago quarter.
Apple's revenue rose almost 43 percent to $7.51 billion from $5.26 billion.
Analysts polled by Thomson Financial had expected earnings of $1.07 per share on $6.96 billion in revenue.
During the quarter, Apple shipped 2.3 million Macintosh computers, accounting for $3.49 billion in revenue _ an increase of 54 percent from the same quarter last year. It also sold 10.6 million iPods and 1.7 million iPhones in the quarter.
Adam, thanks for another great video. Hope you can keep doing this type of video. If the stock does break the retracement level of 62%, it should continue going higher?
Thank you for the nice compliment. I am going to stick to a trading range. at least for the short term.
Adam