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

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

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



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

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF NFLX AND SWKS
© 2018 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

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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.

netflxi

Amazon

Amazon actually had nearly the same pattern today.

amazn

Facebook

as did Facebook

fb

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


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!

amd

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. intel

Skyworks

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

swks

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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) Chart

GILD Revenue (TTM) data by YCharts

That is it. Night!

-Mike


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© 2018 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

Join our 730 Daily Subscribers And Get This FREE Commentary In Your E-Mail! 

-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

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