Home » Roku Slammed, Amazon’s Breakout, Plus Blackberry, JD, and More

Roku Amazon S&P 500

Roku Slammed, Amazon’s Breakout, Plus Blackberry, JD, and More

Advertisements

Roku Slammed, Amazon’s Breakout, Plus Blackberry, JD, and More

Roku

Roku shares continue to get hammered and have been downgraded twice over the past two days, with Morgan Stanley yesterday, and Citigroup today. The stock is down about 10 percent so far in 2018, and over 19 percent since hitting its high of $57.50 on January 3. The borrow rate on ROKU has now shot up to 41 percent, according to data from Interactive Brokers, that is up from up from around 24 percent on January 3, the borrow rate is the cost to borrow shares on an annualized basis. A high borrow rate means finding shares of Roku to short are hard, and that likely means short sellers are coming back to into the name. 

 

Join our 901 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe

 

(Interactive Brokers)

Roku technical Breakdown

Additionally, we had talked about Roku’s technicals breaking down, it has now fallen below support at $48.50, with the stock now trading under $46.50, well below support, and now what was support becomes resistance. The next level of support comes all the way down at $37.90. 

Amazon

As we noted the other day, the seller at $1,192 appears to either be complete or has finally learned how to trade a stock, because shares of Amazon, have now broken out and have ripped higher. The chart below shows the level of resistance at $1,192, and the symmetrical triangle in the chart. Either way, shares are likely to continue to rise into what should a strong quarter for Amazon.

amazon

Visa, MasterCard, and PayPal

Have you seen the payment processor stocks just ripping higher to start the year? Visa, MasterCard, PayPal. If the holiday sales on the internet were robust, or for that matter anywhere, how do you think everyone made their payments. 

PYPL Chart

PYPL data by YCharts

Blackberry

Blackberry shares continue to move higher after signing a deal with Baidu to develop driverless car software. The stock took out resistance around $11.75 and appears primed to move on to around $17. The company today is undoubtedly very different from the dominant force it once was. 

blackberry

Different Blackberry

Revenue has fallen dramatically over the years, and for now, at least analysts do not have significant expectations for revenue to grow in the coming years. But this could be a turnaround story and worth continuing to watch. 

BB Annual Revenue Estimates Chart

BB Annual Revenue Estimates data by YCharts

JD.com

JD.com is breaking out in a big way today. It is a name we don’t often follow here, but one worth taking a look at, with a rise to $49 potentially being in the cards for this one. 

JD

S&P 500

The market overall just continues to move higher, and the S&P 500 has now cleared resistance, in a big way. We have been talking about this resistance trend line for some time, and the rise above likely means we get that acceleration in the overall market we have looked for. Hang on, 2,850 is coming in a hurry. 

I have put a box on the chart to once again, set up a target zone, just like we did for the end of 2017. 

s&p 500

That’s it!

Read: Predictions For 2018

On-Demand Content

Apple iPhone Shipment Maybe Better Than Feared

Why Biotech May Outperform In 2018 

 


Sign-up for our premium content on Seeking Alpha Market Place – “Reading The Markets”  and a get Two Week Free Trial Period

Premium Content: Benefits include the ability to reach out to Mike with questions through a chat room, direct message, or comments. 

We will respond to questions in short order and will respond to questions with full-post or video segment, just not one or two-word answers. 

Now JUST $25 Per Month

An Intelligent Way Of Looking At Tesla’s Results

3 Biotech Names To Start The Year

Disney- The Market Finally Get’s It

Why The FANG’s Could Lead In 2018

Tech Wreck V12.4.17 – More Room Too Fall

Machines Break Loose

Why The S&P500 Could Melt-Up Into Year End

S&P 500 Breakout- 2700?

 

Free Articles Written By Mike:

Nvidia’s Stock Faces Its Moment of Truth

Why AMD May Rise 17% Higher On Intel’s Woes

Why These 3 Oil Stocks Will Outperform

Why NXP Shareholders Will Prosper Without a Qualcomm Deal

Netflix Breakout Seen Boosting Stock By 17%

We offer daily market commentaries sent directly to your inbox or follow us on Twitter.

Join our 901 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe

-OR-

[vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”]

Photo Credit Via Flickr

Michael Kramer and the Clients of Mott Capital own shares of V,MA

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.

© 2017 Mott Capital Management, LLC.  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

Tags: #Roku #JD.com #Amazon #Visa #mastercard #sp500