[widget id=”text-23″]

[widget id=”text-22″]

Netflix, Amazon, Facebook, AMD, Intel, Skyworks, and Gilead

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF NFLX AND SWKS

[widget id=”text-19″]

Let’s get into tonight, no long-winded intros, I’m tired and grouchy and want to watch some Netflix before sleep.

Netflix

Speaking of Netflix the stock had a rough day, falling by 1.65 percent, nothing huge, but for now, the stock appears to have some strong support in place around $358.  I like the fact that the stock managed to bounce off that level twice in the day, and the stock closed well off its lows. I have owned this one for a very long time.

Amazon

Amazon actually had nearly the same pattern today.

Facebook

as did Facebook

Maybe there was a FANG Algo running today. Strange? Right!

[widget id=”text-23″]

AMD

One stock chart that looks different was the AMD chart, and maybe it is a case of filling the gap, or perhaps it is the case of a stock that is just merely overbought.  I will tell you there a lot of holes to be filled to the downside, and $13,77 is a genuine possibility.  The stock is up some absurd amount over the past couple of months, and if the stock dropped by 10 percent, it would not be the end of the world.

Relax! I’m not a hater, I’m giving you an opinion, I might even be wrong!  I am wrong from time to time. I hope I am for the sake of the longs!

Intel

Intel has had a big run too, and this chart looks deadly with that rising wedge, and the odds of a stock moving back to $51 are increasing. Does that mean I’m some bear in the stock, and I think it is forever doomed, NO! It means I think it might fall over the next couple of weeks! And should the pattern complete, I shall change my outlook. 

Skyworks

Skyworks broke out today. I’d love a rise back to $112, especially since I own it!

[widget id=”wordads_sidebar_widget-41″]

Gilead

Lets talk about Gilead.. you what know lets not. But if you own the stock and you can’t figure why the stock has gone anywhere in three years? I will tell you, and it has everything to do with the poor performance of the company. Just look at the at the chart below.

Any questions?

GILD Revenue (TTM) data by YCharts

That is it. Night!

-Mike
[widget id=”text-23″]

Join our 2,713 Daily Subscribers And Get This FREE Commentary In Your E-Mail! 

[widget id=”wordads_sidebar_widget-41″]

Recent Articles By Mike:

Why AMD’s Overbought Shares Will Fall Further

Gilead’s Hot Stock May Cool Fast

Micron Faces 14% Stock Swing Amid Rosy Forecasts

Tesla: Shorts’ Bets Are Going From Bad to Worse

Square’s Overbought Shares May Plunge in Short Term

3 Consumer Stocks on Verge of Steep Declines

Technology Stocks Are Primed To Go Higher (paywall member area)

Salesforce Seen Soaring Higher on Explosive Growth

3 Chip Stocks Posting Big Rebounds

Visa’s Breakout Seen Boosting Stock 9% in Short Term

Why Broadcom’s Stock Is Poised For Bigger Gains

Tech Stocks Seen Rising to New Record Highs

Twitter’s Stock Seen Rising 14%

Tectonic Shifts In The Stock Market (paywall member area)

[widget id=”text-19″]

-Mike

Photo credit via Flickr

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. 

#amd #netflix #amazon #tesla #sp500 #apple