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DECEMBER 16, 2019
STOCKS: ACAD, MU, BA, TSLA
MACRO: SPY
MICHAEL KRAMER AND THE CLIENT OF MOTT CAPITAL OWN TSLA AND ACAD
US Markets
- S&P 500 Futures +14.50
- US 10-Year 1.85%
- Dollar Index 96.96
- Oil $60.08
- VIX 12.02
International Markets
- Japan -0.29%
- HK -0.65%
- China +0.56%
- KOSPI -0.10%
- UK 2.3%
- DAX +0.74%
S&P 500 (SPY)
Markets are rising once again, with the S&P 500 trading higher by about 50 basis points to start. Futures are currently implying an opening of around 3,185 for S&P 500 cash. Markets continue to grind higher, pushing towards 3,200.
Acadia (ACAD)
Acadia is moving up today after getting initiated at Guggenheim with a Buy rating and $60 price. The company noted it sees peak sales for Nuplazid at $3 billion when combining Parkinson’s disease psychosis with dementia-related psychosis. It probably makes the stock worth more than $60, in my opinion. At four times sales, you get a $12 billion valuation versus its current market cap of $6.9 billion.
Micron (MU)
Micron is getting some positive commentary today ahead of earnings this week. Susquehanna gave the stock a significant price target increase to $85 from $45. Wow, that is a huge jump. $85 seems like a lot to me, but I guess we can find out. $54 is the next level of resistance.
Boeing (BA)
Boeing is falling this morning on news the company may halt production of the 737-MAX. This is one nasty looking chart, and I have been saying for what seems like forever in the mid-day commentary how I thought this stock was moving lower. $317 seems like the next level to watch for.
Tesla (TSLA)
So much for rising competition for Tesla. The new Porsche Taycan, ya know, the Tesla Killer, only has a range of 201 miles, wow. That is versus the Tesla Model S at 373. Tesla is moving up over $360 this morning, and the next stop maybe $378. Just think there haven’t even been “leaked” emails yet about the production of deliveries for the quarter.
That’s it.
-Mike
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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