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FEBRUARY 3, 2020
STOCKS: NFLX, TSLA, AMZN, BABA, ROKU
MACRO: SPY, EWY, EWH, FXI
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN NFLX AND TSLA IN THE THEMATIC GROWTH PORTFOLIO
ISM MANUFACTURING REPORT AT 10 AM ET
China (FXI)
As we expected, China was down sharply, falling by as much as 9% to the start day, and managing to finish the day by around 8%.
South Korea (EWY)
The one positive was that the Kospi managed to finish the day flat, despite a steep decline at the open.
Hong Kong (EWH)
Meanwhile, Hong Kong managed to finish the day higher.
S&P 500 (SPY)
Stocks are pointing to a higher opening follow a rough trading session on Friday and a sharp move lower in Shanghai. But despit’e the snapback on Monday, rallies are not to be trusted this moment. For the most part, it is because levels of resistance for the S&P 500 come at higher levels up at the trend line, around 3,275 on the S&P 500 futures, and due to the market nature to fill the gap, and use any strength for selling, until we can see the trend line retaken with a level of certainty. Premium content – The Week Ahead – Corona, Economics, And Earnings In Focus
Roku (ROKU)
Roku is rising some today, but resistance for the stock will come around $127 to $128. The trend is still lower.
Tesla (TSLA)
Tesla has been consolidating below resistance at $662, and a break out sends the stock higher towards $750.
Alibaba (BABA)
Alibaba is rising some today, but resistance for the stock comes around $211.
Amazon (AMZN)
Amazon is rising today and remember that resistance remains around 2,060.
Netflix (NFLX)
Netflix is rising some with its next level of resistance at $362.
Good luck today!
-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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