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Day Traders Diary

5/8/24

The major averages closed mixed once again with the Dow Jones extending its winning streak to six days even as we saw weakness in tech. The Dow added 172 points or 0.4% led by strength in Boeing, JP Morgan Chase and Amgen.  The S&P 500 fell 3 cents closing where... Read More

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Diamonds and Dogs

5/8/24

Lyft (LYFT) gets a lift from earnings. The ride-sharing company rose 7% after beating estimates as sales rose 30.0% to $1.3 billion. Part of the improvement was from lower pricing to gain market share as cancellations were down 50% verse a year ago. Uber (UBER) going in the wrong... Read More

5/7/24

  Peloton (PTON) jumps on take over rumors. The exercise bike company that rode high during the pandemic has crashed back to earth over the last several years as people went back outside to work out. Today the stock jumped on private equity rumors to take it private which is... Read More

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