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FEBRUARY 10, 2020 – 7:30AM ET
Stocks – TSLA, SWKS, NVDA, ROKU, AMZN
Macro -SPY, EWJ
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SWKS, TSLA
February 13, 2020, Live Streaming Event
Michael will be hosting a live streaming event for members of Reading The Markets for Seeking Alpha and StockTwits on February 13 at 9 PM ET. It will focus on how he uses fundamentals, technicals, and options market analysis to find stocks on the move. As well as taking questions from members!
He will be reviewing mostly the basics of Technical Analysis and Option Trading
S&P 500 Futures
Stocks are bouncing around this morning with futures moving between positive and negative. The S&P 500 futures fell to around 3,310 overnight but held that level and bounced higher back to 3,328. So we enter the morning with the futures down about 0.25 points with resistance around 3,336
Japan/ South Korea
It follows an overnight session that saw markets like Japan and South Korea fall sharply to start the day, but found some stable levels of support and managed to finish the day well off the lows.
Tesla (TSLA)
Tesla shares are rising sharply on news that the company restarted production at its Shanghai factory today. The next area of resistance at $845.
Skyworks (SWKS)
Skyworks was initiated with overweight at Wells Fargo with a $142 price target. The stock has found a healthy level of support around $112.50 and should serve as a starting point for the stock to rebound to around $122.
Nvidia (NVDA)
RBC raised its price target on Nvidia today to $301 from $251 ahead of results later this week. The chart still looks strong, and I think a move higher towards $268 seems reasonable.
Amazon (AMZN)
Amazon is rising some this morning and I think the stock is likely to retest resistance around 2,135.
Roku (ROKU)
RBC mainted its buy rating and $160 target on Roku heading into results. We will see later this week about that, there are still alot of negative forces at work in this stock.
-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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