S&P 500: Week At A Glance (1/31 - 2/4)

The S&P 500 last week? Don't worry, I'll give you some Wealth Building Gems to prepare for this week and also find out who the big winners and losers were.

ROUGH START

If you've been paying attention to the market from January 1st up until now, you know that the stock market terrain has been rocky to say the least. Last week followed suite giving major highs and lows as we treaded through Earnings Week for 3 out of 4 of the FANG tech giants GOOGLE, AMAZON & META

(formerly known as Facebook).

MAJOR WINNER

• Kickin off earnings week and continuing to lead the S&P to it's daily high for Monday, Jan 31st, of 4514, GOOGLE came strong reporting positive earnings for Q4 despite current inflation issues. With such a strong release, GOOGLE increased from a previous price point of around $2700 to a week high of $3025. It now sits at about $2865 per share.

• Parent company Alphabet holdings announced and up coming 20 to 1 stock split that is scheduled for summer 2022. This is a great opportunity to own shares of an upward moving company so I would say...GET YOUR COINS IN ORDER AND GET IN POSITION!

“ALPHABET holdings announced a 20 to 1 stock split scheduled for summer 2022"

• Despite pulling back from the weekly high, with all of positive sentiment, of course analyst are currently rating GOOGLE as a strong buy.

• AMAZON also reported positive earnings primarily due to their major investment stake in EV company RIVIAN. This was enough to continue to give the market positive momentum and grounds to continue the bull rally. All looked positive for this week until......

MAJOR LOSS

Investors had high expectations for META however they proved unable to hit expectations, reporting an earnings miss for this last quarter sending the fan favorite into a $230 billion dollar loss. Analysis believe that a large contributor to the META upset, has been competition in the areas of ad monetization across alternative social media platforms.

JOB INCREASE

• Despite the Omicron variant, the Labor Department reported that the economy saw an increase reporting 467,000 new jobs in January, giving a slight rise Friday afternoon to help lead the S&P into the best week for the year so far.

MMG: MONEY MAKIN GEMS FOR THIS WEEK:

• Of course, when you invest in anything you should do your own "Due Diligence" and make sure that you are doing what's best for your portfolio.

• With that being said, as you head into next week, keep in mind that earnings are still reporting for substantial players in the market which could contribute to a continued pattern of frequent high and low swings that have occurred since the start of this year.

• We still haven't reached levels to suggest that we are in a full bear market and we also haven't seen high enough highs to suggest the market has returned for the bulls.

• As we await the rise of interest rates, you can expect more swings in both directions as we proceed through February.

With that being said, be smart about your moves in the market this week. Be sure to remind yourself of what your investment goals are, pay attention to the market moves and KEEP YOUR EMOTIONS OUT!

HAPPY INVESTING!!!