• • • • HIGHER.  The Dow (DJ-30) crossed above the 12,000 point line today, for the first time since the fall of 2008 – It closed however below this level.  The NASDAQ posted nice gains (Again, thanks to Apple Inc. and Intel Corp)…
      • SMC Watchlist stocks Ford Motor Co. (F) and LVLT closed higher.  RF MicroDevices closed sharply lower  after beating earnings, but missing on revenues.   At this time we are not holding any of these stocks.  Our current single holding – Intel Corp.  advanced modestly today.
      • We are always cautious, be we are doubly cautious at this time.  We still like stocks such as Ford and Apple …etc … but each of them could use with a few weeks of price discovery before advancing further.  What we want or what we would like to see however has no bearing on what the market is going to deliver.
      • After hours, Netflix (NFLX) delivered excellent earnings and the stock is higher.  Starbucks (SBUX) disappointed investors and the stock is down in thin, after hours trading.

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Please remember – at the Stock Market Companion we do not and cannot give individual investment advice. According to the State of Washington RCW21.20.005 the Stock Market Companion is not a Registered Financial Advisor and we do not render any advice on the basis of the specific investment situation of a particular individual. This information is for a wide readership and is not intended for any particular individual,  and under no circumstances should our Market Update or Watchlist be considered an investment recommendation or plan for any specific individual.  By accessing this material, you agree that the Stock Market Companion will not be held liable for any actions taken by a subscriber or other parties.  Please seek the counsel of a broker or other licensed investment professional for accurate pricing and concerning the suitability of all investments that you may be considering. Disclosure : You understand that the Stock Market Companion holds positions in the above mentioned securities.  Based on market related or personal events these positions may change without notice.

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