6 Stock That May Drop During the Week of May 20

6 Stocks That May Drop During the Week of May 20

Subscribe to receive this FREE daily commentary directly in your email

For the week of May 20 – Stock mentions: Alibaba, JD, Eli Lilly, 3M, Nvidia, Xilinx

Here are a few more stock predictions for the week of May 20, 2019.

The Chinese yuan will continue to devalue against the US dollar and back to 7.

chinese yuan devalue

Yuan Vs. Dollar

The weaker yuan will sink China-based ADR’s Alibaba and JD.com.  The chart below shows the US dollar to yuan in an inverse chart to the one above. One can quickly see how when the yuan was strengthening versus the dollar; the stock prices were able to rise. However, when the currency was weakening, the stocks were falling.

Alibaba (BABA)

I think Alibaba continues to decline this week, dropping below $166.60, and heads towards $150.

alibaba, baba, trade war, may 20

JD.com (JD)

JD.com has been unable to rise above resistance at $30 and is likely heading back to $27.50.

jd.com, jd, trade war may 20

3M (MMM)

3M has fallen to its lowest levels since 2016 and looks like it may fall even further to perhaps $164.

3m, may 20

Eli Lilly (LLY)

Eli Lilly may be in danger of falling further this week, with the potential to be on its way towards $104.

eli lilly, lly, may 20.

Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month

[youtube-feed feed=7]

Nvidia (NVDA)

Nvidia is likely to continue to decline this week too, heading towards $150. (premium video content: AMD And Nvidia 2 Opposing Points Of View)

nvidia, nvda

Xilinx (XLNX)

Xilinx may be looking to fill the gap around $92.

xlinix, may 20, xlnx

That is it for the weekend, see you Monday.

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.

Add your email to The Market Chronicles' growing list of daily readers. A FREE market commentary on the trading day's most critical and least apparent events!

Add your email to The Market Chronicles' growing list of daily readers. A FREE market commentary on the trading day's most critical and least apparent events!

Subscribe to receive this FREE daily commentary directly in your email

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.