I felt it was time to put up an update on how my stocks have been doing. For my earlier update check out
Apple and Google Investments – 2 Weeks Later.
The market has been fluctuating pretty heavily on a day-to-day basis, but in the end it looks like the market is going nowhere fast. A lot of the recent fluctuations are due to the government’s decisions regarding the auto-maker’s bailout plan, which as of now has not gone through. However, the market fluctuations are not nearly as important as the fluctuations of the stocks I care about. I did however track how Google and Apple did with relation to the ups and downs of the market. Specifically I wanted to see if they generally went up when the market went up, if they went down when the market went down, or if there was no correlation.

You’ll notice there is a positive trend when looking at the Google stocks, however Apple’s stock has fallen since December 7. Here are further details as to how both stocks are doing:
| Day |
Google |
Apple |
DJIA |
| 11/21/08 |
262.22 |
81.97 |
- |
| 12/07/08
| 283.99 |
94 |
Up |
| 12/08/08
| 302.11 |
99.72 |
Up |
| 12/09/08
| 305.19 |
99.65 |
Down |
| 12/10/08
| 308.82 |
98.21 |
Up |
| 12/11/08
| 300.22 |
95 |
Down |
| 12/12/08
| 315.76 |
98.27 |
Up |
| 12/15/08
| 310.67 |
94.75 |
Down |
| 12/16/08
| 325.28 |
95.43 |
Up |
| 12/17/08
| 315.24 |
89.16 |
Down |
| 12/18/08
| 310.28 |
89.43 |
Down |
| 12/19/08
| 309.84 |
89.7 |
Down |
GOOG has gone up 25.85 points since December 7th, and AAPL has fallen 4.3 points, for a net gain of 21.55 points. Not bad in a struggling market.
In general I found that yes, the stocks are largely influenced by how the market is doing on that day. Both stocks rise significantly on good market days, and they both drop significantly on bad days. When it comes to marginal gains in the market or marginal drops, both stocks react based on news given on that particular day for both companies.
Apple seems to be taking a bit of a hit given the recent lawsuit about false advertisement, and just recently MSN money’s StockScouter changed its rating on Apple from moderate buy to hold. I wasn’t really planning on making any moves, but it doesn’t seem like anyone should be buying any more Apple stock for now.
Currently, Google is trading at $310.17 a share, and Apple is at a flat $90 per share.
I expect a huge bounce in the market on inauguration day with Obama stepping into office. The market really only needs confidence, and Obama being sworn into office can provide just that. In the long run I don’t think it’ll make any difference, but I’m sure day traders are looking forward to that day. Of course we’ll have to see if the auto bailout passes, and then if it makes an impact on the market as well. I expect it to have about as much of an impact as the 700 billion dollar bailout (not much at all).
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