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April 23, 2019
Michael Kramer and the clients of Mott Capital own Verizon, Netflix, Disney
US Markets
- S&P 500 Futures -2.75 points
- US 10-Year Rate 2.585%
- Dollar Index 97.33
- Oil $65.97
- VIX 12.6
International Markets
- Shanghai -0.51%
- Hong Kong Flat
- KOSPI +0.17%
- Nikkei +0.19%
- Germany DAX -0.2%
- UK FTSE +0.24%
S&P 500 (SPY)
Independent macro and options research, published every trading day — $85/mo or $750/yr
Subscribe →The S&P 500 is pointing to a flattish opening, suggesting another day of stagnation at the start. But the patterns continue to suggest that a break out is imminent. A break out would push the index above 2,915 and towards 2,940 –the all-time highs.
Navigating The Market · By Michael Kramer
Independent macro and options research, published every trading day.
Daily written analysis covering gamma exposure, dealer flows, key levels, and the macro drivers moving markets. Includes full video access.
Recent Subscriber Analysis
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- Stocks Are Rising As Liquidity Tightens And Risks Build
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- Dispersion Trade In Motion
Coca-Cola (KO)
Coca-Cola is rising this morning after beating on the top and bottom lines. The stock is popping to around $49.25. The stock is moving towards the upper end of what has been a long-term channel.
Twitter (TWTR)
Twitter is rising sharply after beating on the top and bottom lines. The stock is rising above a resistance level at $36.50, and that could set the stock up for a move towards $42.
Roku (ROKU)
Roku shares are rising this morning after the stock was initiated with an $80 price target at Susquehanna. The stock is trading right at resistance around $59.40. I had looked for a decline to around $52. So far that view appears to be wrong.
Disney (DIS)
Disney’s price target was raised to $168 from $144 at Bank of America today. I outlined about two weeks ago why I thought the stock might rise to $175.
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Netflix (NFLX)
Netflix will attempt to keep its bullish momentum today, as it needs a big break out at $378. It could send the shares higher towards $388.
Qualcomm (QCOM)
Qualcomm is also nearing a big break out with the potential for the stock to continue higher towards $88.
Verizon (VZ)
Verizon reported earnings that topped estimates, while revenue came in as expected. Additionally, the company raised its full-year guidance. The stock is rising this morning The $60 to $61 region continues to be the line in the sand for the stock.
Good Luck today
-Mike
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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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