Strong performance by the NASDAQ last nite. Mainly on the back of a great result by FB up 15%. It ( FB ) is still on a current PE of over 100 and a forward PE of over 40 so think what you may about that. EBAY ( down 12% PLUS ) got hammered after bad results. Apple was up just a bit but IMO still has a way to go down. After the bell, Microsoft and Amazon report. Microsoft is up 5% in closing auction after beating expectations albeit reduced ones. And market darling Amazon has got slaughtered after missing expectations.
I was going to say from what I've seen lately on the Nasdaq there seems to be a divergence between those who build ( decreasing profits ) and those who service ( increasing profits ) but maybe it's a matter of who you build and service for not whether you build or service. Still half asleep so have to think about that one.
(20min delay)