The Princeton Research Report (WOR, FB, ASR, KRE, RDS. A, MON, AAPL, TSLA, JPM, IWM, GIS, NFLX, XLF, GOOGL, BAC, AMZN) - Stock Market Recap for Thursday, June 29, 2017

Daily Market Recap
Stock prices rallied sharply completely reversing yesterdays’ sell-off and closed at the best levels since Monday June 19th, when the S&P 500 made a new all-time high during normal trading hours, then continued higher in a mirror-image reversal pattern following the close. Both Glamour stocks and The Generals led the way: Facebook ( FB: $ 153.27 ) + $ 2.69 or + 1.8%; Netflix ( NFLX: $ 153.70 ) + $ 2.67 or + 1.8%; Alphabet, Inc ( GOOGL: 981.87 ) + 13.78 or + 1.4%; Amazon ( AMZN : $ 991.50 )gained $ 14.72 or +1.0%; and Apple ( AAPL: $ 145.85 ) + $ 2.12 or + 0.7%.Tesla ( TSLA: $ 371.31 ) + $8.94+2.5%; Grupo Aeroportuario ( ASR: $ 213.76 ) + $ 5.71 or + 2.8%, its best close ever. ASR is up $ 69.87 this year gaining 61%.You may not have heard of this Mexican success story.
Grupo Aeroportuario del Sureste, holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Mérida, Villahermosa, Veracruz, Oaxaca, Huatulco, Cozumel, Minatitlán, and Tapachula. The company also provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. In addition, it offers non-aeronautical services that comprise leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; complementary services, such as catering, handling, and ground transportation services; and airport access, automobile parking and ground transport, and fuel services. Further, it provides construction services. Additionally, through its 60% joint venture, it operates the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. The company was founded in 1998 and is headquartered in Mexico City, Mexico.
Financial stocks continued their gains: The XLF, the Financial Sector ETF gained 1.5% led by JP Morgan ( JPM: $ 91.40 ) + $ 3.35 + 3.8%; Bank of America ( BAC: $ 23.85 ) + $ 0.58 or + 2.5%. The XLF stopped just below the impressive close Monday June 19th at $ 24.54.The Financial ETF has gained 6.3% since mid-May. The Regional Banking ETF ( KRE: $ 54.35 ) + $ 0.79 or + 1.3%.After making a double bottom at $ 52.72, the ETF got back to its 13 day m.a. resistance.
The Russell 2000 Index Fund ( IWM: $ 141.98 ) + 2.14 or + 1.5%, made a complete mirror image reversal; in a position now to challenge the all-time high of June 9th at 142.90.
Crude Oil gained $ 0.50 or 1.1% to close at $ 44.74/bbl., which was the highest close since June16th when West Texas ( WTI ) closed at a 10-month low at $ 42.05. OPEC and other producing nations have cut 1.8 million bbls of output since January, which has been partly offset by higher U.S. production. Royal Dutch Shell ( RDS. A: $ 53.65 ) + $ 0.38 or + 0.7% today climaxing a five-day gain of $ 1.41 or + 2.7%.
Earnings continued impressive. After General Mills (GIS: $ 56.42) +0.90 or +1.62% and Monsanto (MON: $ 118.75) +1.50 or +1.28% provided sound beats before the opening, Worthington ( WOR: $ 48.10 ) + $ 0.70 after the market close, plus $ 1.74 or +3.8% on the day beating both top and bottom line numbers. Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products for both automotive and aerospace industries in the United States, Europe, Mexico, Canada, and internationally.
Contact Information or to Subscribe to Trade Alerts:
Mike King
Princeton Research
mike@princetonresearch.com
(702) 650-3000