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Facebook, Micron, Roku, Celgene, and Exxon In Focus- The Week Ahead
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Earnings will take center stage this week, as we noted in our preview piece earlier. But it is not the only thing going on for the balance of the week. We still need to watch plenty other parts of the market. Facebook, Micron, Roku, Celgene, and Exxon are all in focus this week, at with all at critical junctions.
Facebook shares are still struggling to regain the lost ground from the news feed “revamp.” But the stock has acted exceptionally well and appears well positioned heading into results. The stock has held support extremely well and seems ready to move higher and fill the gap. The chart looks very strong, and even the relative strength reading tell us the shares are far from overbought.
I’m still looking for shares to continue to rise and potentially break towards to $200.
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Micron
Micron shares continue to struggle to regain their luster since the big sell-off at the end of November, but it seems that a slight uptrend is forming in the chart. The good news is that volume has been slowly falling as well, which could suggest selling pressure is starting to abate finally.
The stock is far from out of the woods, but the picture may begin to turn more positive.
Short interest had been steadily climbing for the stock but appears to have turned lower, the final week of December. Also a positive sign as well.
MU Short Interest data by YCharts
Roku
Roku shares continue to trend lower, and there is no reason for that trend to change either. Shares are still severely overvalued at current levels, and with a one-year forward price to sales ratio of nearly 4.5. Roku is not the second coming of Netflix; there is no other way to say it. Netflix is a content platform in which subscriber pay Netflix to access that content, Roku makes zero from its “subscribers” other than its one-time purchase and ads. Roku makes zero dollars from Netflix or YouTube the two most watch apps on the platform.
ROKU PS Ratio (Forward 1y) data by YCharts
I just don’t see it; I just don’t. This is coming from the creator of the “On Demand Generation” and who has followed and correctly calling the rise of this trend over two years, whom also has uses Roku.
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Celgene
Celgene shares have continued to struggle, but again the stock holds $102 very well, and with the company set to report this coming week, perhaps some positive news will follow. There have been talks of the company looking to buy Juno; this comes after the Celgene acquired Impact earlier this year.
Celgene seem very serious about diversifying the pipeline in 2018, and showing investors they are serious about growing sales, and moving beyond Revelimid, and should they prove fruitful, then the stocks earnings multiple of about ten times one-year forward estimates of 10 may prove very cheap.
CELG PE Ratio (Forward 1y) data by YCharts
Exxon
Finally, Exxon Mobil, nears a massive breakout level, one which could send share about back to $93 very quickly, and on their way higher towards perhaps to $103. A rise above $89 signals that breakout.
As long as Oil prices continue to rise a breakout becomes more likely.
Good luck!
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Michael Kramer and the clients of Mott Capital own shares of NFLX, CELG
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 #facebook #roku #netflix #exxon #celgene
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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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