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Nvidia, Micron, and Roku Are Still Struggling, Tesla Preview
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Final Thoughts on 2018 Outlook
2018 will be all about earnings growth, inflation watch, and interest rate. Should inflation stay in check, then I think 2018 should be another solid year for the markets.
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Roku
Roku has officially broken down and moved outside of support. It sets up a potential fall in the stock to $48.50.
Chip Stocks
Nvidia
Nvidia has struggled lately and has been unable to regain the level of support it had throughout all of 2017. It surely not a positive sign and there is now a sign of a downtrend forming in the chart, admittedly not a great way to start off the new year.
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Micron
Micron’s shares have traded poorly post earnings results, far worse than I expected. In fact, the stock is again at risk of a significant fall, should support not hold at $40.50. Part of the reason for the poor performance is the Chip group as a whole has performed so poorly lately. But don’t feel bad, because they have had a monster year. Look at the chart below for proof.
Compiled Using YCharts
Count ’em, only three stocks out of the top 25 holdings were down for 2017! You think 2017 was a good year for the chipmakers?
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Mott Capital – Thinking About 2018 from Michael Kramer on Vimeo
We discuss the sectors that are likely to do well to start 2018 and the sector that will lag.
Tesla
By January 3rd, we should have Tesla deliveries numbers, for the Model S, X, and 3. Reports that truckloads of Model 3’s are leaving the plant in California. I have no idea how many Model 3’s will be delivered this quarter, it is anyone’s guess, but for fun, let’s say its 5,000.
Technology
Technology stocks look set to have a pretty slow start to 2018. It needs to get back into that trading channel. That means either a slight downdraft to start the year or flat action until Feb.
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S&P 500
Finally, the S&P 500 is going to finish the year right in the box we drew out awhile back. A great finish to a fantastic year.
Read Our 10 Monster Predictions For 2018
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Disney- The Market Finally Get’s It
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Free Articles Written By Mike:
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Apple Chipmakers Are Ready To Rebound
Micron’s Earning Blowout May Fuel 14% Stock Rebound
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Michael Kramer and the Clients of Mott Capital own shares of TESLA
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: #nvidia #roku #micron #sp500 #tesla #model3
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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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