And a Happy Manic Monday to you all. At the start of this email all the major indexes are positive on the day, but just slightly. This will be the second week of earnings season, and the biggest so far, and thus far it’s been more of the same as the 1st quarter results. Even when stocks have met or even beat estimates the share price has decline to various degrees. There is still plenty of uncertainty and volatility in the market, so much so that analyst and traders have hitched their hopes to an FOMC meeting on July 31 they hope will result in a Fed Rate cut. Overall the market is sound but outside elements like public policy continue to make it more shaky than normal market parameters. This would be an awesome time to do your research on some securities you’ve had your eye on beside but thought to expensive smart money on a sudden available discount.
Last week, I informed that our portfolio had gain $3,000 in a week’s time since our mid-year review, well another week has passed and some of those gains are gone. Exclusively the loss stems from Netflix. The security missed estimates of 5.63 million new international subscribers but on landed 2.69 million. That cause the shares in our portfolio to go from being up 7.33% to now down currently 12.90%. In addition 15 shares of our best performing stocks were sold in order to cash out a few members who wish to no longer be invested. That sum total came to nearly $2900. That included with Netflix decline, as well as some of the other securities losing a few positive of their gains even though staying well positive, explains the value decrease.
In my efforts to gain access to Group C last it appears that the Voleo kicked me back out of Group B before I could finished my evaluation. But on our operational call yesterday I was informed that Group C isn’t even up and running as of yet, a matter I was unaware of so I will cease trying to gain access to that group as of now and focus on re-establishing access to Group B. I’ll keep you posted as I progress.
In administrative news as I introduced last week LaQuida Chauncey, is now the new VP of Members Services. Please forward all of your inquiries and questions to her and it will be forwarded to the appropriate club member and division that handles those specific news. Please send all contact to the general email address: email@example.com
Information from this weekly email is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for analysis purposes only. Be sure to understand all risks involved with each strategy, before attempting to place any trade.
Per usual hope you all have a great and prosperous week and an even better investment week. Will talk to you soon!!
Jamaal W Vetose
Todd Capital Investments