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JANUARY 28, 2020
STOCKS: AMD, AMZN, TWTR, AAPL
MACRO: SPY, EWY,
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN APPLE
Don’t forget FOMC meeting starts today!
S&P 500 (SPY)
Stocks are rebounding today, with the S&P 500 futures rising above 3,255, and an increase above 3,264 set into a motion a potentially sharp move higher back towards 3,296. Cash market has different levels, remember.
Korea
The good news is that Japan was only down modestly last night, 55 bps. Also, the Kospi, although down 3%, held a critical level of support around 2,170.
Europe is higher as well by 20 to 40 bps across the board.
AMD (AMD)
AMD will report results after the close, and the set up appears to be bullish. I will be posting an update on this later this morning, in the premium areas on StockTwits and SA Marketplace I still think this one is moving higher, based on some recent activity.
Amazon (AMZN)
Amazon is moving higher today after Wedbush noted the company should deliver strong top-line results, while Credit Suisse expects AWS to continue to ramp up sales. If the stock could ever clear $1900, it could move up to $1966. My Forbes article – Amazon’s Stock May Jump Following Quarterly Results Despite Rising Costs
Twitter (TWTR)
I also wrote up an article on Twitter last night for Forbes, noting the stock was likely to fall to under $30 following results based on some bearish options betting. Twitter’s Stock May Plunge By 9% Following Quarterly 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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