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June 25, 2019 – Stock Mentions AGN, MSFT, SNAP, TSLA, BA
Michael Kramer and the clients of Mott Capital own MSFT and TSLA
US Markets
- S&P 500 Futures – 3 points
- US 10-Year 2%
- Dollar Index 96.02
- VIX 15.36
- Oil $57.67
International Markets
- China Shanghai -0.87%
- Hong Kong HSI -1.15%
- Japan Nikkei -0.43%
- South Korea KOSPI -0.22%
- Germany DAX +0.01%
- UK FTSE -0.11%
US Trading
S&P 500 (SPY)
Stocks are pointing to a slightly lower opening for June 25. The 2,940 level offers a solid level of support for the index currently, with the next big level around 2,915. So for now, it would seem like the index has the potential to continue it slow drift lower.
Stocks To Watch
Allergan (AGN)
AGN is surging on June 25 after Abbvie agreed to buy AGN for $63 billion. It is the second deal in two weeks and is likely to continue to give the health care and biotech sector a bid.
Microsoft (MSFT)
MSFT had its price target raised at Jefferies to $90 from $80, with an underperform rating, but sees MSFT as significantly overvalued. I still think the stock heads to $141.
SNAP (SNAP)
I continue to think that SNAP heads towards $16.
Tesla (TSLA)
Opco believes that TSLAÂ delivery results will come in better than feared when the company reports next week. The stock is quickly approaching the downtrend that has plagued TSLA since December. The next few days will be telling.
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Boeing (BA)
BA looks like it may have bullish pennant forming and BA could be on its way to $400.
Have a good one
-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. June 25
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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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