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Stocks finished the day mixed, with the S&P 500 falling by 30 basis points and the NASDAQ 100 rising by over 50 basis points. Also, the cyclical stocks struggle as the market grapples with the lack of a stimulus plan. Today, industrials, financials, and materials are all trading lower. Additionally, we can see the TAN ETF was weaker; this, I believe, is a proxy for a blue wave sweep. The more it falls, the more it means the market does not believe in a blue wave sweep. Again, this is merely meant to be a proxy.
At this point, the S&P 500 either needs to rise and breakout or simply head on a path lower. Based on the latest news, I think that lower maybe the like path, as countries in Europe now begin to weigh lockdown measures to to control the spread of the coronavirus. It appears that France will likely be the first to do so, others will follow.
Microsoft (MSFT)
Microsoft reported blow out results on the top and bottom lines. The Azure business line had growth of about 48%, I know in the past this has been a sticking point for investor, but still, this is a great report. Guidance will be key to the conference call. The stock isn’t budging after hours, waiting for that guidance.
AMD (AMD)
AMD went down, finally. Not enough in my opinion, not when we consider that the company will have to issue $35 billion new stock to pay for the deal. I think the stock still heads lower to $75, and probably even lower than that, maybe even to $62. I can’t understand why Xilinix would take a deal in all stock, especially with a stock that is as volatile as AMD.
Boeing (BA)
Boeing is breaking down and the company reports tomorrow morning. This stock just seems like a diaster with, and people not flying growth will be hard to come by for a long time. I think this one still heads lower to $142.
Sorry, have lots on plate today.
Mike
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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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Mott Capital's Market Chronicles September 26, 2025 1:32 PM