Small Cap Stocks Jump, The Large Caps May Not Be Far Behind

Small Cap Stocks Jump, The Large Caps May Not Be Far Behind

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Michael Kramer owns IWM call options

Michael Kramer and the clients of Mott Capital own Splunk, Disney

The Fed minutes didn’t show anything we didn’t know already. Nor did today’s ECB meeting. So there were no big signals to take away from those events.  CPI came in at 1.9% y/y versus estimates of 1.8%, and core came in below estimates at 2.0% versus estimates of 2.1%. Hey, some times no news is good news, and in this case, it was.

Did you watch the bank hearings today? Wow. talk about boring. geez. The questions are… let’s say interesting. That will be all.

Talk about another dull day on the surface. All the action was in the Russell, what a day it had, increasing 1.4%.  It is a very good sign to see the small-caps rise so sharply, it likely means those bigger guys aren’t far behind.

S&P 500 (SPY)

The stock market finished higher today with the S&P 500 rising by about 30 basis point, clawing back some of those losses from yesterday. 2891 is still the level of resistance on watch, and we need to see the S&P 500 break above this region.

S&P 500, spy

Russell (IWM)

The big move today was in the small-caps with the Russell rising by 1.4%! A massive day of outperforming. 1,593 is the level that is on watch.

russell

Lyft (LYFT)

There isn’t much you can say about Lyft from the charts. But what a horrible deal, and what an awful job on the placement of the shares. It reminds me of Snap, and that means the stock probably isn’t finished falling.  I’m going to do some more work on this one, it going to a fun one to follow.

lyft, lyft

Splunk (SPLK)

Splunk is up sharply today, and the stock is trying to move back into the trading channel. I think it does move back into the channel and potentially to the upper end.

splunk

Disney (DIS)

Tomorrow will be a big day for Disney, with its investor day and the first showing of Disney + streaming service, and potentially pricing details. All-time highs are in reach.

disney, dis

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Amazon (AMZN)

Amazon is still trying to break out and still hasn’t.

amazon, amzn

Nvidia (NVDA)

Nvidia continues to climb and is inching closer to around $198.

Nvidia, nvda

-Mike

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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 results.

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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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