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Michael Kramer and the clients of Mott Capital Own Apple and Netflix
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The Week of November 19
The good news is that it is a very short trading week. Markets are closed on Thursday for Thanksgiving and Friday is a half trading day closing at 1 pm. It will give some of us a much-needed break to enjoy time with our families.
The economic calendar is non-existent, which is another positive.
Investors will become increasingly more focused over the next two weeks over the highly anticipated meeting at the G20 summit between Pres. Trump and China’s Pres. Xi Jinping. Rumors already started at the end of last week, and we got a noticeable lift in stocks on those days with positive stories.
The sectors that would benefit the most from a deal would likely be the chip stock and the industrials and heavy machinery stocks, like Caterpillar and Boeing.
S&P 500 (SPX, SP500)
The S&P 500 started trending higher once again after bottoming out around October 29. It doesn’t mean we can’t see a pullback which may be possible in a short trading week. If we should pullback support remains around 2,715 to 2,720.
Amazon (AMZN)
Last week I had thought Amazon could continue to rally to $1,850, but my view changed mid-week, realizing I may have been wrong. My reason for the change is because the stock was no longer able to maintain support at $1620 and fell below. Now $1620 becomes resistance and Amazon continues to struggle to get above that price. $1620 is the critical level here, and if the stock can rise above resistance then yes the stock can rise towards $1700. But if it can not rise above $1,620, then I believe the stock has further downside risk towards its lows.
Look I’m giving you two outcome here because I want people to understand that I can’t forecast which way the stock will go because it hinges on the ability to rise or fall above the 1620 level.  That is the best I can do at the moment!
Netflix (NFLX)
Netflix is another stock that is on the cusp of a significant rise or plunge. But Netflix’s chart suggests an increase is on the way. The stock is starting to trend higher and is at a battleground at $285. As long as the stock stays above $285, then I think it can run higher back to $300, that is where resistance is.
Apple (AAPL)
Apple is nearing a break out should it rise above $195. It likely has room to grow back towards $209.
Intel (INTC)
Intel is nearing a breakout and should it rise above $49; then the stock has room to run to $52. Intel will now have to be the leader in the Chip sector.  By the way, Bob Swan has done an excellent job as the CEO of the company since stepping in, and I hope he becomes the permanent CEO. He has navigated the company through a troubling time, where most chip companies have failed. I think he has earned it.
Nvidia (NVDA)
Nvidia is an example of a management team that dropped the ball and could have done a better job of telegraphing trouble ahead. Now I think the stock still falls further. A drop below $160 means a decline to $139.
AMD
The gap for AMD is filled, and now a double top appears to be forming, and that means the stock has further to fall. A drop below $20 indicates a decline to $16.
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
2
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Alibaba (BABA)
Alibaba is starting to trend higher, and perhaps that means the rally can continue. The stock has room to run back to $166. More on China below.
Yields
It is looking more and more likely that 10-year yields have now topped, and a drop below 3.06% will confirm a bearish double top formation. Should that happen, rates may fall to around 2.95%, a huge weight lifted on the stock market.
Shanghai
The Shanghai composite is suggesting a trade deal may be on the way between the US and China. The index is well off the lows and is trending higher. It has risen above resistance at 2,650 and may be on its way to 2,825.
Good luck this week!
Mike
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Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.
amazon, sp500, netflix, amazon, amd, nvidia, intel, yields, shanghai, apple
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Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.
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