11/25/2019

STOCKS: NFLX, DIS, TSLA, NVDA, UBER

MACRO: SPY

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN NFLX, TSLA, DIS

US Markets

• S&P 500 Futures +8 points
• US 10-Year 1.78%
• VIX 12.46
• Oil $57.76
• Dollar Index 98.28

International Markets

• Japan +0.78%
• HK +1.5%
• China +0.72%
• SK +1.02%
• Germany +0.47%
• UK +0.68%

MACRO

S&P 500 (SPY)

S&P 500 futures are pointing to a higher opening on November 25 following global markets higher. The boost follows headlines. China is stepping up IP protection and enforcement. Also, helping to lift stocks was news that HK voters overwhelmingly voted in favor of pro-democracy candidates in the latest elections. As a result, the S&P 500 futures are rising to 3120.  PREMIUM CONTENT – Biotechs Are Poised To Soar- Your Week Ahead

STOCKS

NETFLIX (NFLX) 

Netflix is falling a just touch this morning after Wells Fargo downgraded the stock to Underperform from Market Perform. The stock has generally been trending higher, and I don’t think this will do much to derail the stock move towards $320.

UBER (UBER)

Uber is falling some this morning after it was reported the company is losing its license to operate in London. The stock had been rebounding but is now failing at resistance at $30.50, and it could set up a retest of the lows to around $26. 

TESLA (TSLA) 

Tesla is gapping higher today on reports the company has 200,000 reservations for its new CyberTruck. The chart shows the stock has a giant gap to fill back up to $360, but first, it will need to get over resistance at $347.

NVIDIA (NVDA)

Nvidia is rising today after Morgan Stanley upgraded the stock. Shares are trading up to $217 in the premarket. Not what I thought would happen, but it is early, I will reassess by days end. 

DISNEY (DIS)

Disney could get a pop today after it was reported that Frozen 2 did better than estimates, with $127 billion in sales. It appears the stock is breaking free of a pennant pattern, and that means the stock is likely going to push higher towards $160.

Have a good 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.