“Be happy not because everything is good, be happy because you can see the good in everything”. 

US equities took another slump today, after a chain of dismal earnings reported last night courtesy of the ‘high beta” LNKD & DATA, SPY closed today -1.91% at 187.95.

High Betas stock took the lead in massive selling today after, LNKD -43% reported a dismal Q4 & slow growth. Tagging along AMZN -5.6% FB – 5.8% TSLA -7.2% PCLN -5% GOOGL -3.6% NFLX -7.7%
 
Cloud sector/ Cyber security suffered a beating after DATA -49.44% reported dismal Q4 earnings. PANW – 12.2% WDAY -16.35% SPLK -23% NOW -10.7% ADBE -8.2% CRM -12.9%
 
Indices weekly close:
  • SPY – 2.98%
  • IBB  -4.05%
  • XLF -3.55%
  • QQQ -5.77%
  • DIA – 1.48%
  • IWM -4.78%
Top Performer of the week:
  • NUGT + 67.6%
  • UVXY +18.5%
  • LABD 10.8%

Top Losers are noted above: High Beta & Cyber security/Cloud sector