5 Monster Stock Market Predictions For The Week of November 11

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

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November 10

More Stocks To Watch For The Week of November 11

Stock mentions: ROKU, NVDA, BYND, CSCO, CAT

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN CSCO

It will be a busy week with earnings coming from some big companies such as Cisco, Nvidia, and Walmart. Also, we will have some significant data with CPI and PPI. Layer on some Jay Powell, and one never knows what twists and turns away.

However, I’m not expecting anything significant, and I think the market will continue to grind its way higher, as I noted yesterday. Regardless, here some more stock market predictions for the week of November 11 to cap off your Sunday.

More on the week ahead in Reading The Markets Premium Content –The Week Ahead- Are Energy Stocks Due For A Come Back?

STOCKS

Nvidia (NVDA)

Nvidia is very close to the target we laid out a few weeks ago, but based on the charting, the stock appears to be forming a rising wedge, a bearish reversal pattern. It is one that would suggest the stock falls in the days following results, perhaps to $188. But this is a dynamic situation, and I will have to keep close tabs on the stock during the week.

Nvidia, Nvda

Cisco (CSCO)

Cisco is another tough call, with earnings. The stock has made it back to $49, which was the target we laid out a few weeks ago. I think the stock continues its trend higher following results, especially with the RSI moving higher, potentially sending it back to $51.

cisco, csco

Roku (ROKU)

Roku probably rebounds this week and fills the gap back to $135.

roku, roku

Beyond Meat (BYND)

Maybe this will be the week that Beyond Meat fills a gap too, and heads back to $100.

beyond, bynd

Caterpillar (CAT)

Caterpillar broke a significant downtrend and resistance in the past few weeks. Now the stock appears it may be heading back to $157.

cat, caterpillar

Until tomorrow

-Mike

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. 

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