Goldman Sachs (GS) blew Wall Street profit forecasts away on Tuesday. Yet, the stock reacted negatively -- continuing a theme of negative reactions to strong earnings reports this season.
Bottom line: Action Alerts PLUS holding Goldman crushed it. The stock deserves more love off the results.
Netflix (NFLX) earnings were a colossal letdown across the board. For many traders of red-hot FANG (Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) , Alphabet (GOOGL) ) stocks, results from Netflix should lead to one questioning exposure to the space. Amazon looks to have had a solid Prime Day, even with the site being down for a bit. That's bad news for retailers this holiday season.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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