- Investment Literacy Coach
- Posts
- Jun 26th Stock Market Update - Amazon reaches $2T in market cap
Jun 26th Stock Market Update - Amazon reaches $2T in market cap
$DT $DDOG $DV
Mukund Mohan
June 26, 2024
Market
“Amazon shares closed up 4% to $193 giving the stock a $2 Trillion valuation. Amazon joins Microsoft, Nvidia, Apple and Google, but analysts are expecting shares to go to over $225 by end of this year” 😊 💜
Good price movement by all indices with Amazon and Apple helping the cause
I was expecting a pullback so I am not trading in as much, but this is a good market movement, with slow grind up. The touch back to the 5 day MA for the SPY is constructive, and on the QQQ, the move lower is now reversed.
Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.
With the pullback in Nvidia reversing, the market is definitely heading higher
Salesforce and Adobe are also reversing among the Mega cap, as Apple seems to have the right momentum into next Quarter.
Insights from the portfolio
Video of the day
Today’s video is on DataDog $DDOG the observability leader in the SaaS space.
