top of page

AMAZON, ALPHABET, & MICROSOFT - ¡Bravo!


The week closes with the third quarter reporting season at full speed with a spectacular day for the “big-tech“ companies. Today, companies like Amazon, Alphabet (better known as Google) and Microsoft surprised the market and took the Nasdaq index to new records. Just to give you some context, Amazon grew today + 13.22%, an increase in its market value of +61.7 billion dollars, the equivalent to the full value of a global and recognized company such as FEDEX. Impressive!

Also, Microsoft did not fall behind growing + 6.41% (+38.9 billion) while Alphabet grew + 4.23% (+28.9 billion).

So far, good results have prevailed during the reporting season. Only in those companies that have not met expectations, the market has had no mercy. Examples like General Electric (GE) and Celgene (CEL), reminds us that we must be very cautious and not be led by the market euphoria. Typical results when companies are overvalued, and the outlook is not as attractive as previously thought.

On Wall Street, the Dow Jones, S & P500, and Nasdaq stock indexes ended the week up + 0.45%, + 0.22% and + 1.09% respectively from last Friday. The barrel of crude closes the week with a quotation of 53.97 (+ 2.57%) dollars per barrel; the yield on 10-year Treasury bonds closes at 2.43%; gold falls slightly trading at 1,274.30 dollars per ounce and, finally, the euro closes at a rate of 1,1603 euros / USD.

コメント


COMPANY
SERVICES
Financial Planning
GET CONNECTED
  • LinkedIn Social Icon
  • Facebook
  • Twitter
  • Instagram
MAIN OFFICES

8350 Ashlane Way,

The Woodlands, Texas 77382

400 University Dr., Suite 400

Coral Gables, Florida 33134

Master +1(917) 421.9890

          contact@mellig.us

Business Advisory

LEGAL DISCLAIMER

MELLIG GROUP, LLC. 

It is a registered investment adviser (RIA) in the states of Texas, Florida & Arizona. Information presented in this web page is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and tax professional before implementing any strategy discussed herein. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. financial advisors. Mellig Group' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered.

INTERACTIVE BROKERS / CHARLES SCHWAB
Are members of  NYSE - FINRA - SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Interactive Brokers and Charles Schwab does not endorse, nor recommend, independent financial advisors, including Mellig Group, LLC.

Interactive Brokers and Charles Schwab provides execution and clearing services to its clients.

Copyright © 2021 Mellig Group, LLC.  All Rights Reserved. - Legal Disclaimer

bottom of page