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July 22, 2020
Stocks – MSFT, TSLA, AMD
Macro – QQQ, SPY,
Mike Reading The Markets Premium Content – $35/Month or $300/Year
- AMD Breakout, Markets Holding – Midday
- Index At Razor Thin Levels – Morning
- Nothing Makes Sense Anymore
- Still Buying Puts On The Markets
- A Decpitive Bull Run – Morning
- Stocks Just Keep Going – Midday
- Bullish Betting Returns To GE
- Waiting On Key Vaccine Data – Morning
- AMD May Be Ready For A 10% Drop
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN TSLA, MSFT
Stocks rose today, aided by a $2.8 billion buy imbalance in the final 10 minutes of trading. The market, for the most part, struggled all day. The S&P 500 pretty much traded within the range that was established yesterday, in a sideways pattern.
The QQQ continues to test a critical support level twice today around the $262 level and held. It also managed to hold on to the uptrend that has recently formed. For now, the trend in the QQQ continues to be higher.
Microsoft (MSFT)
Microsoft reported great numbers but is falling after hours. There was nothing wrong with the results; I think it may just be a case of a stock getting ahead of itself going into results. It is hard to beat expectations when those expectations are already sky-high. The stock’s valuation, as I noted in this article, is at its highest valuation in 20 years. It is safe to say expectations were high. The big question is what happens at the uptrend.
Tesla (TSLA)
Tesla also reported better than expected results and its fourth quarter in a row with a gap profit. The stock jumped following results, but I’m sure there will be plenty of people finding something wrong with the results. Resistance is around $1,710 and then $1,775.
AMD (AMD)
AMD broke out on news of a new chip. Not wanted, I want to see. I had thought the stock was going lower toward $49. Instead, it decided to go higher and over $60. Bad call, it happens. There were plenty of signs lining up, suggesting shares fall, but it wasn’t meant to be. (premium content – AMD Breakout, Markets Holding – Midday)
-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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