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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Can The Bulls Save The FANG’s, Tesla & Alibaba – The Week of 8/20
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF TSLA AND NFLX
Facebook stock has also struggled, and now it is facing a decline back into the mid’160’s and lower. The stock, for the most part, finds itself in the middle of nowhere. It will need to see a bounce off of support at $166, should $173 give way early Monday. Otherwise, it could be facing a decline even lower.
Amazon at this point seems like less of a worry because shares are trading at near their all-time highs. But that also means that $1840 must hold for Amazon this week. Otherwise, it could be looking at a drop into toward $1740.
Even Microsoft finds itself in a delicate position, with the chance to drop to about $102.
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Alibaba reports this week, and for now, $164 has held steady. The hope is that the worst is already priced in. Shares could be facing a drop to $148 should $164 not hold.
Caterpillar is also nearing a potential big break out, which could send the stock back into the mid-$140’s. It seems primed for some positive news on US-China trade war.
That will be it. Good Luck this week. If you any tickers you’d like me to look at, message me on StockTwits.
Michael Kramer is the Founder of Mott Capital and the creator of Reading the Markets.
I started learning to invest when I was 16 years old. At 40, I have pieced together a long career on Wall Street, working as an analyst, and a domestic and international equity trader at two multi-billion dollar equity firms.
I started Mott Capital in 2014 to follow a passion and dream of being in control of my career path.
The idea behind Reading the Markets was to help both individual and institutional investors benefit from my experience in the business and my unique approach to dissecting stocks and the markets, which helped me become a great trader.
Reading the Markets is unique, in that the video does not only serve as a means to deliver the content but to interact, making it a personal learning experience, while also showing the user how I go about finding my research and how you can use the process to do your work.
I want this product not only to be profitable and enjoyable but also affordable.
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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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