Home ยป Boeing, Apple, AMD, Alibaba Are Poised To Soar On January 30

Boeing, Apple, AMD, Alibaba Are Poised To Soar On January 30

Boeing, Apple, AMD, Alibaba Are Poised To Soar On January 30

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Michael Kramer and the clients of Mott Capital own Apple

U.S. Markets

S&P 500 futures: +14 Points

10-Year Yields: 2.72%

Dollar index: 95.85

Oil: $53.77

Vix:ย  19

International Market

Hong Kong HSI: +40bps

Shanghai: -72bps

Japan Nikkei: -52bps

Korea KOSPI: +1.05%

UK FTSE +1.27%

German DAX -27bps

10-Year German Bund 0.19%

10-Year JGB 0.001%

Key Events:

  1. Apple reported better than expected EPS of $4.18 per share, better than estimates of $4.17 per share. You can read our recap here.ย 
  2. Theresa May will head back to Brusselsย to renegotiateย a Brexit deal.
  3. FOMC Rate Decision at 2 PM followed by a press conference
  4. Earnings:
    1. Wednesday PM
      1. Facebook
      2. Microsoft
      3. Tesla
      4. PayPal
      5. Visa
    2. Thursday AM
      1. GE
      2. Mastercard
      3. UPS
    3. Thursday PM
      1. Amazon
      2. Cypress Semi
    4. Friday AM
      1. Exxon
      2. Chevron

International Market

Hong Kong continues to trend higher and appears to be working its way towardsย  28,230

hong kong

KOSPI

The South Korea KOSPI is now at a critical point, as it has finished filling the gap, and is now facing a turning point. Should it break out, it could signal a rise to around 2,280. However, if it fails to break out, it could fall to roughly 2,130. We will want to continue to watch this one.

kospi

The international markets have been mainly a good indicator for the future direction of the US equity markets of late. Additionally, we want to see moneyย continue to flow into the marketย around the globe.

U.S.

The action for the equity market happens at 2 PM with the FOMC rate decision. It widely anticipated that the FED will NOT Raise today. Additionally, the tone of the announcement will be critical, as investors will be looking for a signalย that the Fed plans to pause its policy of hikes. Additionally, investorsย will pay pretty close attention to the dot plots, and commentary around the balance.

Most of important to watch is the bond and currencyย market for the correct signals, not the equity market.

S&P 500 (SPY)

Equity futuresย are pointing to a higher open on the S&P 500. For now, resistance on the S&P 500 is around 2,660.

spx, sp500

Apple (AAPL)

This morning Apple is trading just below a resistance level at $164.15.ย  Should the stock rise above that price level, it couldย go on to rally to about $182.

apple, aapl

AMD

AMD is trading higher by about 10%, recouping nearly all of its loss after the Nvidia news. The stock appears to be trying to break out again at $21.80. The stock could climb to around $24.

amd

AT&T (T)

AT&T reported results that looked pretty dreadful. The companyย said revenue missed estimates, with an earnings beat. But its DirecTV unit continues to lose subscribers, with the satellite business losingย 403,000 subscribers and DirecTv Now losingย 267,000 subscribers. Not good! The stock is trading slightly lower by about 2% today; I think it is likely to be down more.ย  It could be heading back to $27.40.

AT&T

Alibaba (BABA)

Alibaba is jumping some today after reporting better than expected earnings. $166 continues to be resistance.

baba, alibaba

JD

JD is also rising and appears to be breaking out and could be heading to $26.

JD

Boeing (BA)

Boeing blew out its earnings and revenue easily topped estimates. The company also guided full-year 2019 well ahead of forecastsย to $20.00 per shareย at the mid-point versus estimates of $18.40. The company is guiding revenue to $110.5 billion at the mid-point versus estimates of $106.72 billion. The stock is jumping 6% pre-market and is breaking out, rising above resistance at $370.

boeing, ba

Good Luck today

-Mike

Photo From Flickr

Mott Capital Management, LLCย 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 results.