July 28, 2016

On Thursday, the S&P 500 rose 0.2% and Toronto was about flat.

AutoCanada was down 2.1% perhaps indicating some lack of confidence regarding its Q2 earnings to be released next week.

Amazon came in  with another record quarter. I am going to update my report on Amazon and will consider whether its earnings have been under-stated due to expensing certain marketing or other expenses that are really more in the nature of investments designed to drive future sales for many years.

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