Subscribe to receive this FREE daily commentary directly in your email
January 10, 2020 6:15 AM ET
Stocks: SWKS, BYND, QRVO, GOOGL, FB
Macro: EWG, SPY, SMH
US Markets
- S&P 500 +8.75
- US 10-Year 1.85%
- Dollar Index 97.53
- Oil $59.50
- VIX 12.35
International
- Japan +0.47%
- HK +0.27%
- SK +0.91%
- China -0.08%
- Germany +0.32%
- UK+0.08%
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SWKS AND GOOGL
I know last night I said I would put out the morning commentary after the jobs data, but I also wasn’t planning on getting up at 4:30 AM, and discovering at 10:30 PM last night I had to pick the kids up from the Bus stops today. Surprise.
So I am making it up to you, by guessing what the jobs number will be. So here it is … 225,000. Now, if I’m right, I can’t tell you my secret formula because there is a method to the madness. If I’m wrong, I tried.
Anyway, the estimates are for 158,000. Good luck to me.
Germany (EWG)
The good news is that the Russell 2000 may not be able to confirm the S&P 500 rally, but the German DAX can. That’s because the DAX index is very close to making a new all-time high. This is coming from a country that was actually on the cusp of a real recession, unlike the US, which was on the cusp of a fictional recession.
S&P 500 (SPY)
S&P 500 futures are up again today, now trading higher by around 8.75 points, at least before the jobs data, at 3,284. Not much new here to say. The futures have officially broken free of the flag formation I noted the other day. Meanwhile, the RSI trend is solidly moving higher. I know the index is technically overbought, but it is the trend that may matter more. I did a premium video a while ago showing you – How I Use The RSI To Find Turning Points In Stocks
3,400 continues to be the next level I am targeting. I just don’t want it to get there before April. Seriously.
Semis (SMH)
The SMH appears to be on the move higher towards $152, again look at the strength of the RSI. I changed the SMH chart over to a log view.
Skyworks (SWKS)
One reason semis are likely to continue to rise today is that Skyworks got an upgrade today by Mizuho to Buy from Neutral and a price target boost to $132 from $90. The stock is breaking out today if the gains in the pre-market hold. The company is reporting results nearly 2-weeks early than last year on January 23, and before Apple, which is rare, based on my memory. It looks like someone is excited to report results.
Look
Qorvo (QRVO)
Qorvo is also rising today after Mizuho increased its price target on this stock to Buy from Neutral while raising its price target to $125 from $80. 
Beyond Meat (BYND)
Beyond Meat is rising again today, and I continue to think the stock is heading towards $100, you can see the RSI has been telling the tale of a stock that wants to move up.
16:50
Join this channel to get access to perks:
https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/join
Please check out my content on Substack and Seeking Alpha:
https://www.navigatingthemarket.com/
https://seekingalpha.com/affiliate_link/Youtube81624
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.
1
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEueDNVdUdXeUUzOGs
12:44
Join this channel to get access to perks:
https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/join
Please check out my content on Substack and Seeking Alpha:
https://www.navigatingthemarket.com/
https://seekingalpha.com/affiliate_link/Youtube81624
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.
2
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuanpuOVBfNzllTzQ
6:28
Join this channel to get access to perks:
https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/join
Please check out my content on Substack and Seeking Alpha:
https://www.navigatingthemarket.com/
https://seekingalpha.com/affiliate_link/Youtube81624
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.
4
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuNUllc0hhQkpUVDQ
Alphabet (GOOGL)
Alphabet got a significant initiation from Bernstein at Outperform with a $1,600 price target. Yeah, I’d agree with that viewpoint.
Facebook (FB)
Facebook was initiated with an Outperfrom rating at Bernstein, with a $250 price target. Well, I have been proven wrong with Facebook with my bearish view more times than I’d like to admit recently. There was a time I was good at calling Facebook, but lately, not so much. Regardless, I continue to try, and the stock appears to have filled the gap at $218. The RSI suggests the stock continues to move higher.
-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.
Subscribe to receive this FREE daily commentary directly in your email
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.
Look
Dispersion Trade Signals Rising Volatility Beneath Market Calm
Mott Capital's Market Chronicles 3 hours ago