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January 13, 2020 6:50 AM ET
Stocks: TSLA, BYND, NFLX, SPLK, AMD
Macro: SPY, IWM
US Markets
- S&P 500 Futures +11 Points
- 10-Year Treasury 1.85%
- Dollar Index 97.49
- VIX 12.76
- Oil $58.96
International
- Japan +0.47%
- Shanghai +0.75%
- HK 1.11%
- Kospi +1.04%
- UK +0.41%
- Germany -0.01%
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TSLA, SPLK, AND NFLX
Stocks are looking to open higher on January 13, with the S&P 500 futures rising by about 40 basis points. It is following a strong trading session across Europe and Asia. Currently, the futures are trading around 3,277 and would need to rise to above 3,288 to take out Friday’s highs. Again, nothing much has changed for the S&P 500 over the past several trading sessions, with the market continuing to trend higher.
RussellÂ
We will want to watch the small-caps today and see if they can finally participate in a rally.
Tesla (TSLA)Â
Tesla is rising this morning after Opco raised its price target on the stock to $612 from $385. The stock’s next level of resistance comes around $508.Â
Beyond Meat (BYND)
Beyond Meat continues to rise, and is trading up to around $102. At this point, the gap is completely filled at $100 to $102.
Netflix (NFLX)Â
Netflix is getting some positive commentary today from Piper Sandler, which noted that they see upside to the domestic and international subscriber results, above the consensus. It seems like the market has been playing it cautiously with Netflix this quarter despite several positive notes from the sell-side. The stock really needs to find a bounce today and get back above $336, otherwise I think the trend is lower to $332 or $315 moving into results next week.Â
Splunk (SPLK)Â
Splunk received a price target boost today at UBS, going to $176 from $158. The next level of resistance for the stock comes around $161.Â
AMD (AMD)Â
AMD is rising this morning, and the stock has been consolidating nicely around $48.50 and appears to be forming a bullish triangle pattern as it gets ready to push higher towards $59. Free article –Â AMD’s Bulls Are Growing Even More Bullish
Have a great day
-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.  Â
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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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