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April 10, 2019
Michael Kramer and clients of Mott Capital owns shares of Apple and Disney
US Trading
- S&P 500 Futures +8 points
- 10-Year Treasury 2.50%
- Oil $64.42
- VIX 13.92
- Dollar Index 96.94
International Trading
- China Shanghai +0.07%
- Hong Kong HSI -0.13%
- Japan Nikkei -0.54%
- South Korea KOSPI +0.49%
- UK FTSE +0.08%
- German DAX +0.43%
Growth Proxies
- Copper $2.93
- Platinum $895.80
- Silver $15.21
- Semis 1464.50
Key Events
- ECB leaves rates unchanged
- US CPI
- FOMC Minutes at 2 PM
- Netanyahu wins a 5th term as Israeli PM
International Trading
South Korea had a nice move higher after a slow start. The index is now knocking on the door of a big break out should it rise above 2,225. It may result in a rise towards 2,360.
S&P 500 (SPY)
S&P 500 futures are pointing to a higher opening with resistance taking shape around 2,891 if we can clear that resistance level, the index finally has a path towards 2,915.
Disney (DIS)
Disney was upgraded to outperform from market perform at BMO with a $140 price target. Tomorrow is the companies big investor day ahead of the details surrounding the launch of their Disney + streaming service. The company is on the verge of a big return to growth, and perhaps the stock begins to reflect this. The stock may prove to be an incredible bargain trading at 16.4 times next’s year earnings estimates.
Gilead (GILD)
Gilead was upgraded today to buy from neutral at UBS, with a $77 target. This stock has done nothing but have declining revenues for years. If there is a place to upgrade a stock, this would be it for Gilead since it is trading at nearly its lowest point in some time.
Apple (AAPL)
Apple was downgraded at HSBC to reduce from hold, with a $180 price target. The stock is trading lower this morning after its mid-day turn around yesterday. $194 is support for the stock in the near-term.
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[youtube-feed feed=7]AMD (AMD)
AMD’s price target was increased at Cowen to $33 from $28. The stock may have a bit further to fall first as the gap gets filled around $26.75.
-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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Charts used with the permission of Bloomberg Finance L.P. 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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