Home » Under Armour, Bitcoin, AMD, Biogen, Gilead, Pfizer – Monster Commentary

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Under Armour, Bitcoin, AMD, Biogen, Gilead, Pfizer – Monster Commentary

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Under Armour, Bitcoin, AMD, Biogen, Gilead, Pfizer – Monster Commentary

Mott Capital Management, Michael Kramer

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S&P 500

The S&P 500 had a relatively uneventful day, with the index finishing the day down less than 20 bps. But the thing to take note of is how the index has now failed right at 2,805 three times. Big deal? Likely not, and I would suspect we blow through that resistance tomorrow. The downside now is around 2,790, and with the start of significant earnings next week, I get the sense investor want go long into some of these upcoming results.

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AMD

The AMD seller appears to have gone up to the $12.50 level now; they must have caught word of our commentary yesterday, that is a joke. But anyway the chart continues to tell the story, and for now, AMD shares seem to want to go higher.  Maybe the seller should try the $12.75 level tomorrow. (meant to be funny, laugh!)

amd

Biogen

Biogen shares continue to trend nicely higher, with the next big test for the stock looming around $355. That is where gap from years ago is entirely closed, and a rise above $355 likely sends Biogen’s stock on to all-time highs. Also, we can see the stock has some room to rise before the relative strength index (RSI) gets to overbought levels.

biogen

Gilead

Gilead shares have had a massive breakout and could be on their way back to $92. If Gilead and Biogen get moving, the rest of the sector follows.

Gilead

Pfizer

Have you seen Pfizer lately? The stock looks like it ready to breakout in a big way.

pfizer

Under Armour

Under Armour looks terrible here, with a clear breakdown and a stock price that appears ready to fall to $11.55.

under armour

Even fundamentally Under Armour is grossly overvalued. Shares trade at nearly 42 times 2019 earnings estimates of $0.32. Compare that to Nike’s 24 times, and Lulu’s 25 times.

UAA PE Ratio (Forward 1y) Chart

UAA PE Ratio (Forward 1y) data by YCharts

Even on an EV/EBITDA ratio, Under Armour is first now on par with Nike, and is still well north of Lulu. It comes down to simple common sense, does Under Amour deserve to trade at premium or on par with Nike? Not a chance.

UAA EV to EBITDA (Forward) Chart

UAA EV to EBITDA (Forward) data by YCharts

Bitcoin

This chart of Bitcoin tells it all. The crypto-currency broke support around 11,800 and then it failed to rise through when it acted as resistance. See ya at 7,700.

bitcoin

That’s it!

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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.

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Tags: #sp500 #bitcoin #amd #biogen #gilead #under #armour #nike #lululemon