The market is HOT !

I don't know if it is due to global warming or just plain summer heat but the market is definitely HOT now. Almost every other stock in every other sector is going up. Here's the update on the 3 stock picks ( AMGN was removed from the list )

MRVL 18.2 ( -0.8% from 18.36)
AAPL 132 ( +55% from 84.86 )
SAY 26.3 ( +24% from 21.09 )

The net return from these 3 stocks - after including 22% loss from AMGN is 14. 3%. In the same time the return from S&P 500 is 12% (1364 to 1530).

The successful launch of AAPL's Iphone has translated into a 55% increase in their stock price. Unless the device has some serious flaws, AAPL stock is going to maintain that level. Lot of analysts have predicted that AAPL would hit 150 by this year end. We will have to wait and see.

Other than AAPL, MRVL has been showing some strength in the last few weeks. We should keep a close watch on MRVL.

Infosys earnings report will be released next week. A good report from INFY is good news for SAY. Since most of the earnings report from INFY has been good, I expect SAY to move up by 5% in the next few weeks. Lets see what happens :)