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October 8 – Stock mentions: BABA, JD, MSFT, ROKU, SHOP
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN MSFT
I will be doing a live webinar on October 9 at Noon ET. It will be hosted by Interactive Brokers and is FREE to join. There will be a Q&A session, as well.
Mott Capital – Yield Inversion Creates Long-Term Opportunities
US Markets
- S&P 500 -19.25 points
- US 10-year yields 1.54%
- Dollar Index 98.90
- VIX 18.95
- Oil $52.50
International Markets
- Shanghai +0.29%
- HSI +0.28%
- Nikkei +0.99%
- KOSPI +1.2%
- FTSE -0.20%
- DAX -0.98%
MACRO
Producer Price Index was much worse than expected, with:
- PPI Final Demand up +1.4% y/y vs. expectations +1.8%
- PPI Ex- Food & Energy +2.0% y/y vs. expectations +2.3%
- PPI Ex- Food, Energy & Trade services +1.7%
Jay Powell Speaks today at 1:50 PM
S&P 500 (SPY)
Well, it looks like we are going to refill that gap at 2910 based on the futures. Anyway, you have to love it. The first headline I read this morning was how the Asian markets were up last night ahead of “high level trade talks between the US and China.” But for some reason, our markets are down as optimism on “trade headlines dim.”
Whatever.
Alibaba (BABA)
Alibaba is falling on headlines that the White House is considering placing limits one what Pension funds can invest in Chinese Stocks. The $166 level has been pretty critical for the stock in recent weeks. If that price doesn’t hold, then BABA is likely to fall to $151.
JD (JD)
JD.com is in the same boat, and for JD, $27.50 is a significant level to watch. A drop below that price pushes shares to $26.10.
Microsoft (MSFT)
Microsoft may get a boost today after it was upgraded by Jefferies to Buy from Hold while upping its price target to $160 from $93. The stock has been range-bound but has generally been trending lower more recently.
Shopify (SHOP)
Shopify got within centimeters of our $333 target and is now pulling back. $315 should act as a powerful level of resistance.
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[youtube-feed feed=7]ROKU (ROKU)
Roku is reaching the downtrend, and the question here is, what happens next? I noted yesterday in my mid-day update I thought the stock would break $100. Premium content: Stock Look Solid Despite Negative Headlines
Have a great one
-Mike
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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.