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June 7 – Stock Mentions SPY, SWKS, NFLX, BYND, AVGO
Michael Kramer and the clients of Mott Capital own SWKS and NFLX
US Markets
- S&P 500 Futures +3.25 Points
- US 10-Year 2.06%
- Oil $53.15
- VIX 15.59
- Dollar Index 96.66
International Markets
- China Shanghai -1.17%
- Hong Kong HSI +0.26%
- Japan Nikkei +0.53%
- South Korea KOSPI +0.16%
- Germany DAX +0.68%
- UK FTSE +0.82%
JOBS
The May jobs number came in below expectations at 75,000 with the unemployment rate at 3.6%. So obviously a disappointment. I’m not sure one weak month creates a trend, but prior months were revised lower. So clearly, some slowing.
10-year yields are falling to 2.06%, and the dollar index is dropping as well following the news. We will have to see how the day goes because these things often change throughout the day.
China Update
Now there is news that the US is considering giving China more time before instituting new tariffs. Gee, seems pretty well planned. Wait for the jobs number to come out, if strong press on China, if weak ease up? Come on. It wasn’t even 30 minutes.
Any, I can’t keep changing the numbers up top, it is like the 5th time today. So whatever…
S&P 500 (SPY)
S&P 500 futures are pointing to a higher opening again and could finish off what has been a reasonably strong week. For the S&P 500 today, we need to consider that support comes at 2,836 while resistance comes at 2,853.
Skyworks (SWKS)
It is a pretty quiet morning out there. Shares of Skyworks are down slightly today after Argus downgraded it. However, at this point, the stock appears to found a bottom and is more likely to rise now that it is out there regarding the potential impact of Huawei.
Netflix (NFLX)
I’d don’t know why every time there is talk about anti-trust Netflix is put on the TV screen? All we have heard over the past two years is how the competition is heating up and how Netflix can’t withstand it. Ironic? Seems like it. Anyway, The chances for that lift to $380 are looking better.
Broadcom (AVGO)
Broadcom is breaking out today, rising above resistance at $273. It could be on its way to $290. Here is a free article I wrote yesterday on the topic: Broadcom May Rally Following Its Quarterly Results
15:45
Defined Terms and Jargon:
• Baltic Dry Index (BDI): A measure of shipping rates for raw materials, often viewed as an indicator of global economic activity.
• Inverse Head and Shoulders Pattern: A bullish technical chart pattern indicating a potential reversal of a downtrend into an uptrend.
• Diamond Reversal Pattern: A technical chart formation indicating a potential trend reversal, characterized by price movements forming a diamond shape.
• QE (Quantitative Easing): A monetary policy where central banks purchase assets to inject liquidity into the economy, generally lowering interest rates and weakening currency.
• Rare Earth Metals: A group of chemically similar metallic elements crucial for advanced technological and industrial applications, including electronics and defense.
• Inflation Swaps: Financial instruments used by investors to speculate on or hedge against future inflation expectations.
• Control Group (Retail Sales): A subset of retail sales data that excludes volatile components and provides a clearer view of consumer spending trends.
• HGX (Philadelphia Housing Sector Index): An index tracking performance of housing-related stocks including home builders and commodity producers.
• Implied Volatility Dispersion Trade: A market strategy involving options, exploiting differences in volatility between an index and its individual components.
• Correlation Index: An indicator measuring how closely individual stocks move together, used for gauging market risk and sentiment.
Please remember to leave questions in the comments. I’ll be back later. Bye.
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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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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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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Beyond Meat (BYND)
Beyond Meat’s price isn’t the only thing that is rising. The cost to borrow shares is rising too, and that probably means the shorts are piling into the name.
(Trade Alert)
That’s it for today.
Mike
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 results.
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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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