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November 1
Stock mentions: BABA, JD, CSCO, ROKU
MACRO:Â ECONOMICS, SPY
US Markets
- S&P 500 Futures +12 points
- US 10-Year 1.7%
- VIX 12.93
- Oil $54.37
- Dollar Index 97.31
International Markets
- Nikkei -0.33%
- HSI +0.72%
- KOSPI +0.80%
- Shanghai +0.99%
- DAX +0.34%
- FTSE +0.33%
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MACRO
- China -Caixin PMI 51.7 vs. est. 51.0
- US Job report +128k vs. est. of 90k
- Wage Growth +3.0% vs. est. of +3.0%
- ISM PMI 10 AM – est. 49.3
S&P 500 (SPY)
The S&P 500 is pointing to a slightly higher opening, and the trend continues to be higher for the index. But the big news will center around the job report.
STOCKS
Alibaba is rising in the pre-market after reporting better than expected results. The stock is challenging resistance today at $180, and if it can clear that level of resistance it can rise to around $188. I noted some bullish betting and the positive setup going into results in this free story on October 30. Alibaba’s Quarterly Results May Send The Stock Soaring
JD.COM (JD)
JD.com is once again challenging resistance at $31.50. This price has been a wall for JD since March. How many more times can this price be testing without a break out finally occurring? Maybe it finally happens, and the stock finally pushes towards $34.80.
CISCO (CSCO)
Cisco is falling after ANET reported dissappointing results. I think the stock is fine around $46.50.
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ROKU (ROKU)
We can continue to watch Roku and see how it behaves around the $150 level. I still think it is more likely the stock heads lower.
-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.
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