Home » 8 Monster Stocks To Watch For The Week of August 13 – The Week Ahead

8 Monster Stocks To Watch For The Week of August 13 - The Week Ahead

8 Monster Stocks To Watch For The Week of August 13 – The Week Ahead

[widget id=”text-22″]

8 Monster Stocks To Watch For The Week of August 13 – The Week Ahead

[widget id=”text-19″]

Michael Kramer and the clients of Mott Capital own shares of NFLX and TSLA

S&P 500

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

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.

Facebook

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.

facebook

Netflix

I think this week that Netflix rises above $357, and starts its advance back towards the $390’s.

nflx

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.

amazon

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.

microsoft

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.

intel

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

nvda

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.

dollar

That’s all folks!

-Mike

[widget id=”text-28″]

Member Services

Ok, so now that I am starting to actively self-promote myself, I’m asking you to please support me and check out my member’s area. I priced the service to be cheap because, honestly I’m trying to make some money from it, but also to help investors learn. Members can post questions, and I usually get back to them in less than 12 hours through the chat feature or the messaging feature on the platform, I also post answers in videos showing you how I do the work.

I run the service through Seeking Alpha because they have a good operation and provide all the technology.  Email notifications, chat room, comment sections, etc.

It is $200 a year or $25 a month. Right now you can get two weeks for free, and introductory 20 percent off.  If you do not like it cancel it, no big deal, no feeling hurt.  Thanks!

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

Why Apple May Rise By 50%

Facebook’s Growth Issue

Netflix Is Not Broken, Plus S&P May Rise To 3,000 Sooner Than You Think

Read Our Sponsors Material:

[widget id=”text-23″]

Photo Credit Via Flickr

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. 

#SP500 #amazon #tesla #netflix #intel #nvidia #dollar

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!