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October 7 – Stock mentions: SPY, UBER, AAPL, NFLX, TWTR, TSLA
Michael Kramer and the clients of Mott Capital own AAPL, NFLX, and TSLA
US Markets
- S&P 500 Futures -6points
- 10-Year 1.52%
- Dollar Index 98.91
- Oil $53.05
- VIX 18.33
International Markets
- Japan -0.16%
- Shanghai – Closed
- Hong Kong – Closed
- South Korea +0.05%
- UK +0.01%
- Dax +0.03%
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
S&P 500 (SPY)
The S&P 500 futures are trading lower this morning on headlines that China is reluctant to make a broad trade deal. Regardless, the S&P 500 futures are holding support around 2,935 and the uptrend. So don’t get all doom and gloom yet. I still think we are heading higher towards 2,985. – Check out my premium article: If You Thought Last Week Was Fun, Just Wait Until This Week – First two weeks are free to try, cancel if you hate it – I promise to not get insulted.Â
UBER (UBER)
UBER is rising this morning after Citigroup upgraded the stock to a Buy with a $45 price target. The stock is trading at resistance at $30.50 this morning. Should the stock rise above that price it could continue higher to $32.10
Apple (AAPL)
Apple launched its newest phone, but attention is turning to 2020 already. According to reports, the company is likely to start making a cheaper iPhone next year. The stock is flirting with moving towards its all-time highs.
Netflix (NFLX)
Netflix is trading around resistance at $273, and the stock needs to break out to push back to $284. NFLX double bottom on the RSI, suggesting shares are oversold.
Twitter (TWTR)
Twitter is hovering around resistance at $40.35, and a falling wedge pattern may suggest the stock is getting to reverse higher and head towards $43.
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Tesla (TSLA)
Tesla has been going nowhere, but the one thing that seems clear is that support continues to hold at $225.
Have a great one!
-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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Charts used with the permission of Bloomberg Finance L.P. 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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