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Here are a few more predictions for the week of May 13.  Stock Mentions: Alibaba, Cisco, Nvidia, AMD, Microsoft
Michael Kramer and the clients of Mott Capital own Microsoft and Cisco
Alibaba (BABA)
Alibaba reports results this week, and the trade war worries messed things up for Alibaba which had been performing strongly. I think the stock rebounds this week and rises back to $187 following results.
Cisco (CSCO)
Cisco fell to support at $52.25, and it has held thus far. The RSI is trending higher, and I think that means the stock continues to climb and back to $57.50 following results.
Nvidia (NVDA)
Nvidia, unfortunately, may be facing some of the same datacenter weakness that Intel saw in its latest quarter. I first noted that Nvidia Is On Shaky Ground Heading Into Results on May 8 and that Intel’s results were not a good sign for Nvidia at the of end April. I think the stock may heading lower still, potentially to $150.
AMD (AMD)
The chart for AMD is still bullish; it is just taking a long time to happen. I still think it can head towards $31.50.
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[youtube-feed feed=7]Microsoft (MSFT)
Microsoft has filled the gap, and the stock looks as if it can to head higher now towards $141.
Enjoy your and Sunday, and Happy Mother’s Day to all the Mom’s out there!
-Mike
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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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