Home » 10 Monster Stock Market Predictions For The Week of April 29

10 Monster Stock Market Predictions For The Week of April 29

10 Monster Stock Market Predictions For The Week of April 29

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

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Michael Kramer owns IWM Calls

Michael Kramer and Clients of Mott Capital own Acadia and Netflix

The week of April 29 will be one of the busiest and most important for stocks in some time. The economic news flow is too long to list with jobs data and manufacturing PMI coming from around the world. Top that off an FOMC meeting on Wednesday. By the way don’t forget earnings from companies like Apple, Alphabet, AMD, and Square.

Acadia (ACAD)

Acadia will report results this week on May 1. I’m not sure what they will say, but I hope it is positive news around the ramp of Nuplazid and better than expected results.  The stock found support at $23 and now has to challenge resistance at $27.  Maybe one day it can see $31 again.

acaadia, acad

Netflix (NFLX)

Netflix continues to trend its way higher, and it may be the week it finally pushes towards $388.

netflix, nflx

Amazon (AMZN)

If we get this big market break out I’m expecting this week; then this may be the week that Amazon reaches $2025.

AMazon, amzn

Healthcare (XLV)

Healthcare stocks got back to resistance at $89, but I think they reverse and start heading lower again.

healthcare

Blackberry (BB)

I haven’t mentioned Blackberry in a while, so let’s give it a shot. The stock has now successfully refilled the gap, and now it can continue path higher back towards $9.70

blackberry

Nvidia (NVDA)

I think Nvidia may reverse higher towards $185. However, I believe this stock is heading lower again longer-term. 

nvda, nvidia

JD

JD will need to break out this week, or it is heading lower. I think it will break out and make that push towards $34.

jd

Alibaba (BABA)

Baba has this giant ascending triangle too, and this seems ready to bust higher towards $200.

alibaba, baba

Qualcomm (QCOM)

Qualcomm has the chance to continue to rise this week. They report results on May 1, and I’m betting they boost their full-year outlook now that they have this Apple deal under their belt. $100 could be within reach.

quaclomm

Intel (INTC)

People love to make fun because I finally got Intel wrong, after how many months of being right?! I lost track, it has been so many. But I’m willing to bet this stock doesn’t stay down. We know how the market loves to fill gaps. $57 may not be this week, but it will be back.

intc, intel

-Mike

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