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Technology Sector Continues to Lead, As Market Forgets Last Week.

 

It has even been a week, and the S&P 500 is right back to 2,397. Last week the world was crashing, and the S&P 500 was down 1.8 percent. Today it would seem and feel as though it never even happened. Pretty amazing, the short-term memory of the market. Perhaps more important a sign of just how strong the underlying bid in the equity market truly is.

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^SPX Chart

^SPX data by YCharts

The 2.20 percent level in the Ten-Year is very strong support level at this point.
^TNX Chart

^TNX data by YCharts

The Dollar appears to be at over-sold levels
^DXY Chart

^DXY data by YCharts

Over the last month Technology is the clear winner.
IBB Chart

IBB data by YCharts

The 10-2 spread has been contracting, meaning the yield curve is flattening. But…
10-2 Year Treasury Yield Spread Chart

10-2 Year Treasury Yield Spread data by YCharts

That is is because the 2 year is rising faster than the 10 year, not because the 10-year is falling to the 2 year.
2 Year Treasury Rate Chart

2 Year Treasury Rate data by YCharts

 

$xlk, $XLY, $XLP, $XLU $XLB, $XLF, $IBB, $SPY, $SPX, $TLT, $DXY,

15 Years Of Netflix In Charts      Fill The Gap and Bounce Right Back?    RTM: Geopolitical Risk To Blame For Dollar Sell-off? Really?

Michael Kramer and the clients of Mott Capital Management, LLC own shares of NFLX, DIS, and GOOGL

Michael Kramer is the Founder and Portfolio Manager of Mott Capital Management, LLC, 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 recommendation made during the past twelve months. Past performance is not indicative of future performance

15 Years Of Netflix In Charts

Happy Birthday Netflix- 15 Years in Charts. ($NFLX)
NFLX Chart

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NFLX Revenue (TTM) Chart

NFLX Revenue (TTM) data by YCharts

NFLX Chart

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NFLX Chart

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A shifting media landscape

Michael Kramer and the clients of Mott Capital Management, LLC own shares of NFLX and DIS.

Michael Kramer is the Founder and Portfolio Manager of Mott Capital Management, LLC, 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 recommendation made during the past twelve months. Past performance is not indicative of future performance

$NFLX, $AMZN, $DIS, $CBS, $AMC, $RGC, $CBS, $MSFT, $SPX, $SPY

Reading The Markets: First Quarter 2017 Earnings Wrap-Up

Welcome to the latest episode of Reading The Markets with Mike Kramer and Jane King, recorded at the Nasdaq market site in Times Square. We just finished up the first quarter of 2017 and the earnings throughout have been excellent this quarter, except retail, which has been getting hammered because Amazon ($AMZN) is just eating their lunch. When you look at the actual numbers, the latest statistics through the first week of May showed about 400 or so companies had reported earnings and nearly 74 percent of them had beaten their estimates. Even revenue growth has been here this quarter, which is up six or seven percent on the S&P 500 ($SPY) this year versus last year. The latest earnings imply the markets might have further to go in 2017, even though we’ve been on this incredible run. When you start looking at the S&P 500 ($SPX), and you start thinking about earnings going forward, we see estimates around $132 a share in 2017, and $140 or so in 2018. This gives us an S&P 500 trading at 16, 17, 18 times forward. All these people they’re looking at these trailing -twelve month PE multiples and they’re seeing higher numbers, but they need to remember we’re coming out of a massive earnings recession. The trailing numbers aren’t indicative of what the future growth is, and the market, of course, is always we’re looking forward.
The surprises of the quarter or at least the most exciting development has been a trend a global recovery in earnings. A perfect example is Unilever ($UL, $UN), this quarter showed they not only had pricing improvement but volume improvements as well. Unilever makes all the basics, all the necessities, and personal hygiene products. In the emerging markets, they had five percent pricing increases, but they also had two to three percent volume increases so they’re raising prices and they’re still selling more goods. This paints a picture of an economy that’s pretty strong out there.
Look at for projections in the S&P 500 we come to a year-end target range of 2500 to 2550 by December. Which still only gets you to an S&P 500 to around to 18 times earnings. That is it for the latest episode of Reading The Markets with Mike and Jane.

Michael Kramer and the clients of Mott Capital Management, LLC own shares of UL. 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 recommendation made during the past twelve months. Past performance is not indicative of future performance.

RTM: The Weekly Summary 5.19.14

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S&P 500

5 Second Run-Down

So much for the big sell-off? Equities are continuing to bounce back today with the S&P 500 ($SPX) up nearly 75 bps to around 2385. Industrial ($XLI) are leading the way higher, followed by Energy ($XLE), and Semis ($SOXX). Dollar weakness ($DXY) continues, with the Euro ($FXE) up 0.85 to €1.1187  vs. the Dollar, and the Pound ($FXB) up 0.73 to £1.3015. The Ten-year yield is up slightly to 2.25 percent, while the 10-2’s spread is currently at 98 bps.

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Cisco Is A Yield Play, No Growth Here (CSCO)

Calm Down, People! Over-Reacting to Equity Markets

Target & Home Depot: Retail Fortresses Safe from Amazon

A Day Trader’s Delight! Massive Volatility in AMD

QRVO Jumps After Baupost Takes Stake

Analysts Put NVDA on a Stairway to Heaven

Big Week Ahead for Alkermes

What Is Really Driving Tesla Higher

The Day Retail Died: Contagion (JWN, JCP)

More on the Death of Retail: Amazon Strikes Again

Restoration of Restoration Hardware on Pause

Charts

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^DXY Chart

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Post From Earlier this week

RTM: Stock Markets Lower, But Nothing Has Changed

Fill The Gap and Bounce Right Back?

Reading The Markets: Happy Birthday Amazon – A Visual Walk Through Time

Reading The Markets: The Week Retail Died – 5.13.17

RTM: Geopolitical Risk To Blame For Dollar Sell-off? Really?

 

Michael Kramer is the Founder and Portfolio Manager of Mott Capital Management, LLC 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. Past performance is not indicative of future performance.

Fill The Gap and Bounce Right Back?

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Premium Content

Market Moving Higher

Daily Write-up

Fill The Gap And Bounce Right Back? Perhaps. Gap is Filled

fill the gap

(Interactive Brokers TWS)

Semiconductors ($SOXX), Tech ($XLK), Biotech ($IBB) are up
^SPX Chart

^SPX data by YCharts

With the generals leading the way higher.
^SPX Chart

^SPX data by YCharts

 

The Yen is reversing, as fear subsides

(Interactive Brokers TWS)

…Have a great afternoon.

Michael Kramer and the clients of Mott Capital Management, LLC own shares of GOOGL, NFLX, and  TSLA

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 recommendation made during the past twelve months. Past performance is not indicative of future performance.