{"id":181974,"date":"2020-07-31T22:30:43","date_gmt":"2020-07-31T22:30:43","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=181974"},"modified":"2020-08-01T13:54:56","modified_gmt":"2020-08-01T13:54:56","slug":"tech-soars-but-markets-wobble","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-soars-but-markets-wobble\/","title":{"rendered":"Tech soars, but markets wobble"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/28\/Robert-McWhirter\">Robert McWhirter<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/company\/view\/93\/ATA-T\">ATS Automation<\/a> (<strong>A Top Pick Jul 24\/18, Up 14%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>After releasing blow-out quarters, big tech soared Friday and lifted the Nasdaq 1.49% to close a stunning week for these stocks. <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> rocketed 10.47% after crushing Q3 <a href=\"https:\/\/finance.yahoo.com\/news\/apple-q3-earnings-2020-203224360.html\" target=\"_blank\" rel=\"noopener\">expectations<\/a> and announcing a 4-for-1 stock split. <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> also hit a home run for its Q2 <a href=\"https:\/\/finance.yahoo.com\/news\/amazon-earnings-q2-2020-201101073.html\" target=\"_blank\" rel=\"noopener\">earnings<\/a> and popped 3.7%. <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> leapt 8.17% to a new all-time <a href=\"https:\/\/www.nasdaq.com\/articles\/why-facebook-stock-surged-to-a-new-all-time-high-today-2020-07-31\" target=\"_blank\" rel=\"noopener\">high<\/a> after beating its top and bottom lines.<\/p>\n<p>The Nasdaq closed just shy of its all-time high. The performance of tech continues to contrast with the rest of the market and the hard reality of the American economy which continues to struggle with the weight of high COVID-19 cases. For example, <a href=\"https:\/\/stockchase.com\/company\/view\/3564\/WYNN-Q\">Wynn Resorts<\/a> dropped 5.22% and <a href=\"https:\/\/stockchase.com\/company\/view\/4676\/UA-N\">Under Armour<\/a> plunged 8.21%. A late-day rally did lift the S&amp;P to 0.77%, making it positive for the week, and the Dow to 0.44%, though this still marks this indice&#8217;s second-straight weekly decline.<\/p>\n<p>The TSX closed -0.8%, dragged down my energy and financials as materials was the only sector to finish positive. The price of WCS was flat, though WTI gained over 1%. Gold continued its impressive climb, up almost 1% to flirt with $2,000\/ounce. <a href=\"https:\/\/stockchase.com\/company\/view\/38\/AEM-T\">Agnico Eagle<\/a> rallied 4.84% in heavy trading as <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold<\/a> finished up 3.69%. Otherwise, there was a lot of red on Canadian trading screens. Most egregious was <a href=\"https:\/\/stockchase.com\/company\/view\/1132\/SNC-T\">SNC-Lavalin<\/a>, down 9%, after announcing <a href=\"https:\/\/montreal.ctvnews.ca\/snc-lavalin-aiming-for-restructured-resources-business-to-be-profitable-next-year-1.5046882\" target=\"_blank\" rel=\"noopener\">restructuring<\/a> plans and coming short of the street&#8217;s expectations in its quarterly report.<\/p>\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +10.47%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> -3.70%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> +8.17%<br \/>\n&#x2660; <a href=\"https:\/\/stockchase.com\/company\/view\/3564\/WYNN-Q\">Wynne Resorts Ltd.<\/a> -5.22%<br \/>\n&#x1f3bd; <a href=\"https:\/\/stockchase.com\/company\/view\/4676\/UA-N\">Under Armour<\/a> -8.21%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/38\/AEM-T\">Agnico-Eagle Mines<\/a> +4.84%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold Corp.<\/a> +3.69%<br \/>\n&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/1132\/SNC-T\">SNC-Lavalin Group Inc.<\/a> -9%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Robert McWhirter\u00a0including ATS Automation (A Top Pick Jul 24\/18, Up 14%) Get Premium to receive all past top picks opinions a few hours before market open. After releasing blow-out quarters, big [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-181974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/181974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=181974"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/181974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=181974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=181974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=181974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}