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JANUARY 28, 2020
STOCKS: AAPL, AMD, ACAD, NFLX, SQ
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL, ACAD, NFLX
S&P 500 (SPY)
Stocks snapped their two-day losing streak with the S&P 500 rising by over 1.2% to close around 3,280. The good news is that the index climbed back above the uptrend. However, it isn’t in giving an all-clear signal yet; we still need to clear resistance at 3,300. Resistance is a little bit lower, but 3,330 is the number I am using for resistance.
AMD (AMD)
AMD reported results that manage to beat on both the top and the bottom lines. But first quarter guidance was a hair light but gave good full-year guidance. The stock is trading lower following these results and to around $48.90. Support for the stock comes approximately $48.50 and then again at $46.80. We can see what happens when the stock trades tomorrow, but for now the options traders appear to have gotten the bet wrong, and so did I. AMD Bullish Betting Heading Into Results
AAPL (AAPL)
Apple crushed it, with fantastic revenue and earnings, and even more impressive revenue guidance. The company had to come through in a big way, and they did.
Shares are rising to an all-time high after earnings. I will have more coverage later.
Square (SQ)
Square had a great day rising by over 5% to our target of around $75. Remember we were seeing call buying in this one at the end of last week. The stock back to an area of resistance. If it can clear this level, the next region comes around $79. Premium content – Square Is Breaking Out
Netflix (NFLX)
Netflix continues to trend higher, and I don’t see that changing anytime soon. The RSI is still trending higher, and the only thing standing in the way is the massive level of resistance at $362. If it can ever get through that region, the next level of resistance comes at $385.
Acadia (ACAD)
Acadia is rising today, back to around $41.70. I have owned this stock for four years, I still don’t understand how it trades, and I was a buy-side trader for more than ten years. Maybe one I’ll get it.
Mike
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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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