Home » 7 Monster Stock Market Predictions for the Week of October 7

7 Monster Stock Market Predictions for the Week of October 7
Here are seven monster stock market predictions for the week for the week of October 7 including SPY, AMD, SHOP, FCX, AAPL, DIS, NFLX

7 Monster Stock Market Predictions for the Week of October 7

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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For the Week of October 7 – Stock mentions: SPY, AMD, SHOP, FCX, AAPL, DIS, NFLX

Michael Kramer and the clients of Mott Capital own AAPL, DIS, & NFLX

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S&P 500 (SPY)

The S&P 500 had a strong come back last week despite some dissappointing news. I believe the strong finish from last week helps to push the index higher the week of October 7, with the S&P 500 climbing back to resistance at 2985.

AMD (AMD)

AMD had a nice turn around this past week after falling to the support level we had been targeting at $27.40. I think it continues to move higher. I have seen a lot of bullish betting in the stock over the past week or so. The next level I’m looking for is at $29.40, then $31.40. Here is the free article I noted the bullish betting. AMD’s Recent Sell-Off May Be At Its End

AMD

Shopify (SHOP)

Shopify also had a strong come back this week, and I think we rise towards $333 then $340. I noted the break out in a premium article on Thursday – Shopify Breaks Out

shopify, shop

Freeport (FCX)

The options activity in Freeport is picking up again; the last time we saw this bullish activity, the stock ran to $11. I talk more about the bullish betting this week in a premium story on Friday, FCX May Be Setting Up Another Run Higher, but in the meantime, I think $9.25 seems like a reasonable level for the stock to rise too.

Freeport, fcx

Apple (AAPL)

Apple finally rose above $226, and I think this sets up a run back to the all-time highs around $234.

Apple, aapl

Disney (DIS)

Disney looks like it held support at $127, and may narrowly escape filling the gap. I think the stock heads back towards $133.

disney, dis

Netflix (NFLX)

Netflix finally got back to $273, and I think this sets up an increase to $285.

netflix, nflx

Have a great weekend!

-Mike

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