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Tech stocks like Google Inc. (Nasdaq: GOOG), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Apple Inc. (Nasdaq: AAPL) are "where the action is" in tech. They make the most money and create the most innovative products and services.
These tech stocks also serve as good benchmarks for how the whole industry is performing.
Shah Gilani, Money Morning's Event Trading Specialist, appeared on FOX Business' "Varney & Co." today (Wednesday) to tell us what today's share prices are signaling for tech stocks in 2014:
Somehow, JPMorgan CEO Jamie Dimon pulled another rabbit out of his hat: Despite a year of awful headlines, these JPM earnings are better than expected.
MATADOR PLAYS THE BULL FOR SPORT
Apple @ $1,000/ share is NOT going to happen before the next recession. Remember, Apple at its all-time peak of $701.0/Share only stayed at that level for about 10 days, then the fall-off began and snowballed. Such expectations are a left-over or relic from the last Bull Market for Apple (2010-2012) and the general investor mania that accompanied stocks in general. Like the Bullfights, the bull in the ring takes a long time to die at the hands of a skilled matador. He can draw it out and please the crowd (traders).