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June 28 – Stock mentions: SPY, AAPL, MU, BA, CSCO, NFLX
Michael Kramer and the clients of Mott Capital own AAPL, CSCO, NFLX
Happy Last Day of June, 2Q, and Russell Re-Balance Day
US Markets
- S&P 500 Futures +5 Points
- US 10-year 2.02%
- Dollar Index 96.14
- VIX 15.89
- Oil $59.54
International Markets
- Japan Nikkei -0.29%
- China Shanghai -0.60%
- Hong Kong HSI -0.28%
- South Korea KOSPI -0.17%
- Germany DAX +0.50%
- UK FTSE +0.21%
US Trading for June 28
S&P 500 (SPY)
S&P 500 is pointing to a higher opening today and is trending up. The next significant level to watch for the SPY ETF is $294 and for the Index is around 2,940.
Micron (MU)
Micron is rising yet again and is not going to listen to my advice from last night. So that means it likely fills the gaps up at $40.25.
Apple (AAPL)
Apple is down a bit today on news that it is top designer Jony Ive is leaving the company. It sounds like he will still be involved but just not an employee. AAPL seems fine to me. China means more to AAPL to then today’s news at the moment.
Boeing (BA)
What had been a promising chart has turned ugly for BA. It appears there is a now a double top on the chart, and that could mean a drop to the uptrend at $350.
Netflix (NFLX)
Netflix held the break out from the other and is now heading back to its recent highs. $380 is the next significant level to watch for in NFLX.
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Cisco (CSCO)
Cisco has been consolidating right below a break out region. The RSI is still trending higher. I think CSCO is still poised to break out and move towards $61.
have a wild one!
-Mike
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Charts used with the permission of Bloomberg Finance L.P. 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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