YELP - 25 Shares - $1,000.00 (Settles on May 5)
AAPL - 28 Shares - $3,524.64 (Settles on May 5)
Currently Own:
BABA - 25 Shares - $2,029.25
Buying Power:
$16.59
The market was on the down trend most of the week because of the Fed meeting, until it rebounded slightly on Friday. Apple earnings released Tuesday after the market closed, but there was only about a 2% jump in the after market despite Apple's astonishing iPhone sales. However, looking back at the prior week, investors have been anticipating another record breaking earnings quarter so the stock was already bidded up close to it's 52 week high. Perhaps that's why it didn't jump very much?
This week, YELP earnings released after the market closed on Saturday and YELP had a terrible performance last quarter. Lack of guidance, user growth, and revenue. Overall, the stock plummeted and I no longer saw value in the stock so I decided to cope with the losses and invest into another company.
BABA earnings are coming up this week. My plan is to sell before the actual earnings report. BABA has shown many signs of week leadership and growth so I do believe that it will fall below its 52 week low. I may buy in after the stock settles down, though.
Future Plans?
I'm definitely looking into investing into DIS in preparation for their earnings report. I'm contemplating whether or not I should invest half of my funds into a reliable long term stock like SFM, or WFM, or KR. But I'm having second thoughts about long term investments because of the potential stock market crash. All markets are drawing frighteningly high...
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