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8 Monster Stocks To Watch For The Week of August 13 – The Week Ahead
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Michael Kramer and the clients of Mott Capital own shares of NFLX and TSLA
S&P 500
I’m not exactly sure how things go to start the week given some uncertainty around Turkey. As of now, the futures are not suggesting anything significant to happen. That aside, I’m not expected much news flow. The best piece of news I can point to are Nvidia’s results and rumblings about Tesla and the go private deal, involving the Saudis.
But first, we will want to pay attention to the S&P 500 and make sure that the index manages to stay above support around 2,800. It is the key to keeping the uptrend in place. Should the news flow prove to be quiet, stocks may grind higher between now and Labor Day.
That said we will want to see the technology sector pick up the pace and take over leadership. But it will have to come without Facebook, because I continue to believe they have some fundamental underlying issues, about revenue per user in US and Canada, and how outsized it versus the rest of the world. Facebook will be hard pressed to find a way to continue driving ARPU higher, especially since user growth in North America has stopped.
I went through all of Facebook’s growth issues in a member video a couple of weeks back in detail showing member’s exactly what parts of the business I had concerns overs. Facebook’s Growth Issue
The technical chart for Facebook, suggests to me we could see shares reverse lower, and head back to $173.
Netflix
I think this week that Netflix rises above $357, and starts its advance back towards the $390’s.
Amazon
I think Amazon, looks like it could rise to around 1,925 to 1,950 over the course of this week. But should it fall, support rest around $1840.
Microsoft
Microsoft’s chart looks like it could head lower to start the week, perhaps to the $107. But the trend is firmly higher, and unless the stock falls below the lower end of the channel, I don’t see that uptrend changing.
Intel
Intel has been unable to get its footing, getting hit with various downgrades. I still think the stock looks cheap. The stock needs to stay above $47.60. Otherwise, there is more room to drop. Perhaps to $42.80.
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[youtube-feed feed=7]Nvidia
Nvidia stock still looks bullish to me and earnings are coming this week. Nvidia has a history of blowing out analysts estimates. Does that change this quarter? Probably not. Shares look poised to break out, with a bullish chart. I’m still looking a move to the $280’s
Tesla
When you look at Tesla on the log chart below. You can see it still holds the uptrend and is poised to break out, to $420 and maybe beyond!
Dollar
The last thing we need to watch the dollar, it broke out in a big way last week, rising above 95.5 on the index. A strong dollar can be a disaster for those multinationals and commodity play. Watch it, it may be on its way back to 2017 highs.
That’s all folks!
-Mike
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Here are some of the recent videos:
Inflation Runs Rampant Only In Fantasyland And That Is Good For Stocks
Tesla May Be Going Higher Regardless Of The Bid
Why The S&P 500 May Rise To 3,500
Netflix Is Not Broken, Plus S&P May Rise To 3,000 Sooner Than You Think
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#SP500 #amazon #tesla #netflix #intel #nvidia #dollar
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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.