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Michael Kramer and the clients of Mott Capital own Disney, Netflix
US Markets
- S&P 500 Futures +5
- 10-year Treasury 2.61%
- VIX 12.04
- Dollar Index 96.94
- Oil $64.42
International Markets
- China Shanghai +0.29%
- Hong Kong HSI -0.02%
- Japan Nikkei +0.25%
- South Korea KOSPI -0.12%
- UK FTSE -0.10%
- German DAX +0.29%
Key Events
- China GDP came in ahead of expectations at 6.4%
- Morgan Stanley is Rising after reporting better than expected quarterly results
US Trading
S&P 500 (SPY)
The S&P 500 is pointing to a higher open again; perhaps today can be the day we finally breach 2,915 on the index. My gut says today will be the day.
Navigating The Market · By Michael Kramer
Independent macro and options research, published every trading day.
Daily written analysis covering gamma exposure, dealer flows, key levels, and the macro drivers moving markets. Includes full video access.
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Netflix (NFLX)
At the moment Netflix erased all of its post-market losses and is now trading higher in the pre-market this morning by about $2. The report last night was powerful, despite what any talking head on TV says. The company just reported its most robust subscriber growth ever, and anyone who follows the company knows the second quarter tends to be the companies weakest. Remember last year in the second quarter the company issued strong guidance and missed. I think Reed Hastings knows enough not to make the same mistake twice. It seems like when they want to lower expectations, Netflix uses a default 5 million subscriber additions. They did the same thing in the third quarter last year only to crush that guidance.
I have owned this stock since August 2016, and I know a thing or two about how this management and company operate.
$380 is on the table. Watch for it.
Qualcomm (QCOM)
Qualcomm continues to trade higher this morning rising another $6.50 bucks to $77. I went back and looked, and the options I had written about most recently on April 10 were the July $65 calls and trading around $1 with 15,000 open contracts, and worth about $1 million. Last night those options closed at roughly $6, and with today’s move up I bet they will be worth over $10, or $10 million. Nice trade, to someone out there! Btw. That wasn’t the only one, there where multiple bullish bets made like that since February, look at the open interest at the $62.5 calls for October with over 30,000 open contracts.
$81 may be the next stop.
Intel (INTC)
Intel is up colossal today too, about $2 bucks and could be on its way to $63, a price not seen in almost 2 decades.
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Morgan Stanley (MS)
Morgan Stanley is breaking higher today too, and now may be on its way to around $51.
SNAP (SNAP)
SNAP may be gearing up for its next move higher towards $13.20
Disney (DIS)
Yesterday in my premium area I put a video showing you exactly how I calculated Disney rising to around $175. Why Disney May Rise To $175
Have fun today!
-Mike
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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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