Trade Findings and Adjustments 07-29-21

Trade Findings and Adjustments 07-29-21

Keve Bybee – keve@hurleyinvestments.com

FSLR earnings

• Beat top and bottom
• Gave lower than expected guidance for 2021
• Falling in after hours trading
• The long term play is still intact once the new Biden gov’t spending package goes through congress.

Why not put on new trades this week?

• Reaction to some earnings reports have been odd
• AAPL gave huge guidance number and beat top and bottom and fell down from 150 level.
• AMZN who lowered guidance fell as well after earnings.
• NONE OF THIS MAKES SENSE!! Why should AAPL fall?
• FB came out with great numbers for earnings and active user numbers. Still fell…
• We don’t have a market that is rational and therefore it’s difficult to find a direction to follow from earnings reactions.