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Subscribe →August 27 – Stock mentions SPY, SLV, ACAD, JNJ, ATVI, JD
Michael Kramer and the clients of Mott Capital own ACAD
US Markets
- S&P 500 Futures +3.5%
- US 10-Year 1.51%
- VIX 19.30
- Dollar Index 97.91
- Oil $54.39
International Markets
- Shanghai +1.39%
- HSI -0.06%
- Nikkei +0.96%
- KOSPI +0.43%
- DAX +0.44%
- UK FTSE -0.12%
August 27 Trading Session
S&P 500 (SPY)
Stocks are rising again on August 27 slightly. The S&P 500 will continue to try to recover some of its losses from Friday’s steep sell-off. For now, 2,900 is the next level of resistance followed by 2935.
Navigating The Market · By Michael Kramer
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Johnson and Johnson (JNJ)
Johnson and Johnson is rising this morning after an Oklahoma court ruled against the company in the opioid case resulting in a $572 million verdict in damages to be paid by JNJ. JPMorgan noted that the verdict was much better than feared. $131 is resistance with the next level around $136.
Acadia (ACAD)
Acadia may be on the rise today after Cantor raised the ACAD price target to $40 from $30. The analyst noted higher conviction on the ACAD’s upcoming data readout for the negative symptoms of Schizophrenia. There are currently no approved drugs for this indication. $27.20 has acted as support, while $31.40 is the next significant level of resistance.
Activision Bizzard (ATVI)
Activision Blizzard is nearing a break out which could send the shares back towards $55.
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Silver (SLV)
Silver is rising again, and the SLV ETF is continuing to move closer to my $17.25 target. From August 12: Betting That Silver Continues To Rise
JD (JD)
JD.com is hovering around resistance at $29.90, with a rise above this level sending the stock back towards $31.
-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. august 27
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.
Markets Rally on Falling Volatility as Yen Shock and Liquidity Turn Approach
Mott Capital's Market Chronicles 6 hours ago