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.
Otherwise, enjoy the column!
Subscribe to the Monster Stock Market Commentary to get the Weekly Monster Market Commentary and join the 3,072 subscribers getting it for FREE!
Financial Breakout
The Financial Sector gave us the breakout we had been waiting to happen, with the Financial Select Sector SPDR® ETF (XLF) moving up by almost 1.20 percent to $25.20. In my latest premium video, we discuss the breakout, and what means for the group going forward.
You can watch the video here: Financials Breakout As We Expected
Technology
Technology continues to perform well, despite Alphabet (GOOGL) falling modestly today following its second quarter results. The Technology Select Sector SPDR® ETF (XLK), managed to eek out mostly flat day, despite Alphabet falling by around 3 percent.
Let us write research for you! Find out more here.
Biotech
Biotech stocks fell modestly with the iShares Nasdaq Biotechnology ETF (IBB) lower by 1 percent dragged down for the most part by Biogen (BIIB) after reporting results that beat on the top and bottom while outlining a growth plan going forward.
Free Articles By Mike
Ford 2Q Preview: Profits Going in Reverse
Exact Sciences Earnings OutLook: Not An Easy Task
Will Recent Health Scares Hurt Chipotle’s 2Q Results?
Subscribe to the MCM Stock Market Commentary to get it weekly and join the 3,072 subscribers getting it for FREE!
AMD Earnings Outlook: In-Line Won’t Be Good Enough
General Motors 2Q Earnings: What to Watch For
Why Coca-Cola Shares Are Overvalued
Disclaimer:
Michael Kramer and the clients of Mott Capital own Googl
Michael Kramer is the Founder of Mott Capital Management LLC, a registered investment adviser, and the manager of the company’s actively managed, long-only Thematic Growth Portfolio. 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 performance.