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DECEMBER 10, 2019
STOCKS: NFLX, NXPI, AMZN, VZ, NVDA
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN VZ, NFLX, NXPI
US Markets
- S&P 500 Futures -10 points
- US 10-year 1.81%
- Dollar Index 97.50
- VIX 16.47
- Oil $58.65
International Markets
- Japan -0.09%
- HK -0.22%
- China +0.10%
- KOSPI +0.45%
- Germany -1.35%
- UK -0.86%
S&P 500 (SPY)
Stocks this morning are falling in the US with S&P 500 futures pointing to a 10 point drop. Certainly, nothing to worry about, and substantially filling the gap from Friday’s sharp move higher. Exactly as I expected to happen when I noted it yesterday in my midday commentary and last night’s write-up. Premium content – Stocks Gearing Up For Afternoon Drop
There is a downtrend that has formed, and that is the line I will be paying the most attention too at the moment. I don’t expect a pullback in the market to last for very long.
Netflix (NFLX)
Netflix is falling today after a downgrade by Needham to underperform from hold. It seems they believe the company will lose 4 million subscribers US subscribers in 2020, due to competition from newer services. I find this to be a joke, to be honest. I have Prime, Netflix, Disney+, and Hulu, and I can honestly say that the other three services do not compare to Netflix, I actually also have Apple, but I have never even log-in because it was free. It is a joke; I find it highly unlikely anyone will cancel their Netflix to switch to any of these services only. They simple do not offer enough content to keep me in engaged. Sorry. $295 is support.
NXP (NXPI)
BofA is raising its price target to $145 for NXPI. If the stock can get over $121, it can move up to $127.
Yesterday, I noted I was seeing bullish options betting Amazon and an improving technical chart. Premium content- Amazon Is Seeing Bullish Betting, Suggesting 7% Increase
Nvidia (NVDA)
Nvidia continues to fail at resistance at $212. $198 is next.
Verizon (VZ)
Verizon is once again testing resistance at around $61. Again, this could lead to an increase to approximately $64 if it can ever break out.
-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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