Friday, April 18, 2008
Tech & Oil
Technology stocks were on fire today thanks to Google posting stellar earnings last night. My fruit of choice is Apple which jumped 6 bucks putting me well back into the green on this stock. I bought Apple in the 120's and up to the 170's so my cost basis is around 150. Financials still look gloomy, but tech and natural resources are looking strong. With gas prices well above 3 bucks a gallon look for Exxon to post record earnings on May 1st. XOM has been hovering around $90 a share for a while so look for some movement when earnings hit. It may jump above $100 a share. All and all a pretty strong week for the markets. Hope we can keep this momentum heading into next week. Have a great weekend.