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DECEMBER 15, 2019
STOCKS: AAPL, ACAD, NFLX, AMZN, MU, FCX
MACRO: SPY, DXY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN ACAD, NFLX, AAPL
S&P 500 (SPY)
Stocks are on a path higher, with the S&P 500 rising to close at a record high this week at 3,169. The patterns in the chart suggest the market continues to climb this week, heading towards 3,200.
Dollar Index
The dollar index should be on everyone’s watch list this week. The index fell below uptrend, and is testing support 96.50. A drop below 96.50 can really get the dollar moving lower towards 94. One should not underestimate the power the dollar has to move commodity prices and to stock inflationary forces. I talk alot more about the dollar in this video segment from Friday. What A Weakening Dollar In 2020 Means For Investors
Freeport (FCX)
Freeport is one stock to keep on your radar if the dollar weakens this week. The stock is testing resistance at $13.20 and could be on its way to $13.80. I was seeing bullish betting in the stock earlier this week, but that was around $12.80. Then again, I have been seeing bullish betting in the stock since September 6, when the stock was only $9.50. Why Freeport And Copper May Be Heading Higher
Netflix (NFLX)
Netflix has a bullish uptrend that has formed, and I have recently seen some bullish options betting that suggests the stock rises to around $316.
Amazon (AMZN)
Amazon also appears to be showing some bullish trends as well, along with bullish options betting. It suggests the stock finally push up to around $1840 for starters. Amazon Is Seeing Bullish Betting, Suggesting 7% Increase
Acadia (ACAD)
It looks like the lazy trader or the “set it and forget it” Algo, have been cleaned up in Acadia. Now the stock appears to be forming a double bottom and likely push higher once again towards $48. I love it when people email me to tell me how the CEO sold some stock. Big deal. He acquired 150,000 for $19.65 and sold them around $52, can you blame him?! Not to mention, it was part of a 10b5-1 plan that was instituted on August 22. The guy only owned 1.4 million shares in April, when they filed the proxy statement. There have been a whole bunch of insider sales recently, all part of 10b5-1 plans.
Apple (AAPL)
I think Apple trades sideways this week or lower towards $268.
Micron (MU)
Micron will report results this week, and I think the stock heads to $54. The trends have changed. Premium content – Micron And The Dollar On Watch For The Week Of December 16
Have a great Sunday!
-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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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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