9:00am (EST)
Bulls Looking to Run
Futures are pointing towards a slightly higher open this morning as the bulls look to continue their recent momentum. Dow futures are up 10 as we head to press, Nasdaq futures are up 4 while the S&P 500 futures are up 2.5.
Apple (AAPL, $211.50, up $2.46) and Amazon.com (AMZN, $139.11, up $0.64) are up in pre-market trading and look like a solid pair of pocket Aces to hold.
Apple got its price target raised to $260 as the company continues to gain share while generating tremendous amounts of cash. Same with Amazon. We were hoping Amazon would come back down the day after we made a 50% profit last week but shares haven’t looked back.
We are keeping an eye on both stocks and if there is another chance to get in Amazon.com we will alert you. We have updated all of our current trades and subscribers can check the Members Area this morning for the updates.
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