“FAANG Stocks Propel Markets Forward Today!”

Monday’s trading session was propelled by nice moves across the board from the beloved and widely held FAANG stocks which aided in moving the major indices into green territory throughout the day and into the close. The FAANG’s finished as follows:  Facebook (FB) closed at $213.06/share, +.34%, Alphabet (GOOG) closed at $1508.68/share, +1.99%, Amazon (AMZN) closed at $2,133.91/share, +2.63%, Apple (AAPL) closed at $321.55/share, +.47% & Netflix (NFLX) closed at $371.07/share, +1.17%.

The S&P 500, Nasdaq again achieved new record highs. The S&P 500 closed at 3,352.09, +.73% as the consumer discretionary, +1.3%, and the information technology, +1.4% sectors led the charge while the energy sector, -.9% dragged again. The tech-heavy Nasdaq closed at 9,628.39, 1.13%. The Dow Jones Industrial Average closed at 29,276.82, +.6%. The Russell 2000 also moved higher by +.66% ending at 1,667.67.

The “fear gauge” Vix (TVIX) ended at $42.78/share pulling back by -1.99% and traded in $42.17 – $44.89.

Fed Chairman Jerome Powell will provide a further understanding of the Fed’s economic outlook via a testimony to the House Financial Services Committee at 10 am EDT. on Tuesday, February 11. He will also speak to the Senate Banking Committee at 10 am EDT. on Wednesday, February 12th.

Economic Reports

On Monday we did not receive any significant macroeconomic data.

Investing & Inspiration

“There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota

“Let this scenario play out on its own, in its own fashion. As you watch it unfold, you will soon be grateful that you choose the peaceful path. Remember — those who live by the sword, die by the sword.”

“As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer

“I rarely think the market is right. I believe non-dividend stocks aren’t much more than baseball cards. They are worth what you can convince someone to pay for it.” -Mark Cuban

“Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” -Bruce Kovner

“The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru

“The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.” -Philip Fisher

“I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” -Richard Dennis

“The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton

“Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger

Tomorrow

Tomorrow’s significant economic data report schedule will include the following:

• The NFIB Small Business Optimism Index Report for January, &
• The JOLTS – Job Openings Report for December

A few notables that many of you may own that will be reporting their earnings this week:

• Cisco Systems, Inc. (CSCO)
• UnderArmour (UAA)
• Nvidia Corporation (NVDA)
• PepsiCo, Inc. (PEP)
• Kraft Heinz Co (KHC)
• Alibaba Group Holding Ltd (BABA)
• Lyft Inc (LYFT)
• Roku (ROKU)