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October 28
Stock Mentions: ROKU, MSFT, AMZN, T, PCG
MACRO: DAX, SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN MSFT
Germany
The German DAX index is rising above a pretty significant level of resistance today at 12,860. There is not much standing in the way of the index now rising back to an all-time high at 13,550.
S&P 500 (SPY)
Meanwhile, the S&P 500 futures are rising to their all-time highs. Resistance for the futures is 3028, and that is where the futures are as of this morning. So we can sit and watch what happens.
Roku (ROKU)
Roku is rising after BofA initiated it with a $154 price target. The stock is breaking this morning with the next move to around $150 on the charts.
Microsoft (MSFT)
Microsoft is breaking out on the news is the weekend of the big government contract win and beating out Amazon. I think the stock is on its way to $153. I was telling everyone on the paid service on Friday afternoon, why Microsoft is a better play and cheaper play on the Cloud than Amazon. Why Amazon’s Trouble May Only Grow Worse
AT&T (T)
AT&T is rising after reporting results and providing a better outlook. But look at those DTV losses, my goodness. They lost more than 1.1 million subs in 1 quarter… wow. $39.20 remains resistance.
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[youtube-feed feed=7]Amazon (AMZN)
Amazon is trading lower, and for the moment the stock has failed at resistance $1775, the downside is to $1700.
PG&E (PCG)
PCG is falling this morning. This is the definition of a falling knife, and if you are trying to play this stock in hopes of catching a bottom, then you might as well go to Vegas. There is saying how low it can go.
Have a good one.
Mike
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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.