The Reformed Broker, AKA Derick Sermon, here with today’s Market Recap…
They loved everything about Apple (AAPL) today, and the stock was up over 3 bucks from the open. iPhones and China are like peanut butter and chocolate, a can’t-miss combo.
Anything hotel or lodging-related was also on fire, with the Hotel/Motel REIT sector rallying over 12% on the day following a strong report from LaSalle Properties (LHO). For those keeping track, the Hotel REIT index is outperforming the S&P 500 by a whopping 35% this month.
Here’s the 3:30 look at the related indices:
|Today’s Industry Highlights|
|Top Performing Industries||% Change|
|REIT – Hotel/Motel||+12.67%|
|Resorts & Casinos||+6.18%|
The banks were also solid all day today, despite the up and down action of the Dow and S&P. Ebay (EBAY) also put in a solid effort, up over 12% most of the day.
Tonight we get a ton of earnings reports, including KLA-Tencor (KLAC) and Amgen (AMGN).
Have a good night and thanks for reading The Reformed Broker today!
Full Disclosure: I currently manage accounts that own AAPL, please do not construe my commentary here as an invitation to buy or sell any securities.