The Haves and Have Nots: AMZN, INTC, AAPL

As the markets float higher today, technology is showing up mixed, with some key named stocks leading and some lagging. This divergence has been going on for the last few months and looks to be separating the strong from the weak. The weak stocks should be avoided in the near term while the stronger plays should be bought on pull backs.

The clear leader of late has been, Inc. (NASDAQ:AMZN). After reporting great revenue numbers in their last quarterly statement, the stock has been a monster, pushing through $200.00 per share. Today, Amazon is trading at $203.49, +2.69 (+1.34%). Amazon will likely move to the $210.00 level before pulling back. The strength it is showing, tells traders to buy the pull backs.

Another leader in tech land is Intel Corporation (NASDAQ:INTC). Going into earnings, expectations were low and the stock was wallowing in purgatory. However, after blowing out earnings expectations, the stock has jumped, nearing its 2010 highs. While this level will be resistance, this tech giant has regained its shine and will most likely be a favorite buy on pull backs.

As some stocks shine, some must also be falling out of the spot light. Apple Inc. (NASDAQ:AAPL) is probably the best example of a stock that appears to have lost its shine. Over the past two years, if the markets were going to rally, Apple had to lead it. Over the last month, Apple has barely had an up day, even when the markets were hitting new 52 week highs. There has to be major concern over the price action in Apple lately. Even today, the stock is trading at $347.12, -0.48 (-0.14%) while the Nasdaq is higher by half a percent. As of now, one must believe Apple will collapse quickly on any market weakness.

About Gareth Soloway 168 Articles


Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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2 Comments on The Haves and Have Nots: AMZN, INTC, AAPL

  1. aapl is trading at historic low valuations (16 ttmp p/e, 14 ex cash) while providing historical high y/y earnings growth with rev at 83% and profit at 95%. that compares to amzn with p/e~90, 37% rev growth and neg profit growth. looks eerily identical to aapl in late ’08, early ’09 and they have nearly as much cash today as there entire mrkt cap then.

  2. What a stupid comment on Apple, first and foremost, the index has no correction with individual stock if one only focus on a day or so. Index rotates in and out, GE is the only original Dow component since its establishment. Second, AMZN & INTL & APPL are not the same, one in internet commerce, one in chip and one in hardware, software and media. Seems like the author is either shorting Aapl, longing others or with other personal motives. Getting technical, it is the value of the stock.

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