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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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.
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
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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