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September 2 – Stock mentions NVDA, MU, TWTR, AMZN, FB, TSLA, PG
Michael Kramer and the clients of Mott Capital own TSLA
Here a few more stocks to watch as we kick off the week of September 3.
Labor Day Special
As part of the service, I provide:
- Ideas like the ones mentioned above – Betting That Silver Continues To Rise
- a daily mid-day audio commentary – Mid 8.29.19- Close But No Cigar
- a video commentary covering broad market topics – Here’s Why The Long-Awaited Break Out May Finally Happen
- Plus access to Google spreadsheets that track all the ideas, sector rotation, and market trends.
- Plus Chat sessions, along with Q&A
- I work hard for you every single day.
Nvidia (NVDA)
Nvidia is one stock to watch, and as it approaches the upper end of its trading range. The good news is that range is tightening up. The bad news is that stock is also likely to head lower this week towards $160.
Micron (MU)
Micron will be reporting results in a few weeks, and I wouldn’t be surprised to see a lot of analysts commentary coming out on this one soon. The average analyst price target, according to Ycharts, is around $47. It means the stock is likely to see some price target increase along the way. An increase to $48 seems possible over the short-term. There is a very strong level of support around $42.
Tesla (TSLA)
Tesla’s stock has become very tightly associated with China headlines, especially with the new plant in Shanghai set to open later this year. The stock rose above $225 last week and now could increase back to $253.
Twitter (TWTR)
Twitter has formed a bullish technical pattern known as a rising triangle. It would indicate to me the stock rises to around $46. I also saw some bullish betting in the options late last week. I noted this in my premium section of Reading The Markets.ย Why Twitter’s Stock May Jump Over $45
PG (PG)
I also saw lots of bearish betting in PG and last week. It makes me think the stock is poised to pull back and head towards $109. You can read more in my premium area too.
Amazon (AMZN)
I recently saw a lot of bullish options betting for Amazon. I noted in a free article last week.ย Amazon’s Next Move Higher May Be Starting.ย It was the $1800 call for expiration for September expiration that was bought, and the $1800 puts sold, a bullish spread bet. An increase above $1800 sends the stock higher towards $1900.
Facebook (FB)
It looks like Facebook may finally be trending higher again. The stock has struggled of late but has found some support around $180. The stock could be heading back to $195.
Labor Day Special
As part of the service, I provide:
- Ideas like the ones mentioned above – Betting That Silver Continues To Rise
- a daily mid-day audio commentary – Mid 8.29.19- Close But No Cigar
- a video commentary covering broad market topics – Here’s Why The Long-Awaited Break Out May Finally Happen
- Plus access to Google spreadsheets that track all the ideas, sector rotation, and market trends.
- Plus Chat sessions, along with Q&A
- I work hard for you every single day.
Hope you had a great Labor Day weekend
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.