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Michael Kramer and the clients of Mott Capital Apple and NXP
Michael Kramer owns IWM Calls
Thank you, for helping to make April a successful month for the Monster Stock Market Commentary. Total page views for the month nearly tripled to 37,400 versus 13,500 page views in April 2018, and up 18% versus last month.
Total free email subscribers increased to 1,640, an increase of 8% since March, and more than triple the total subscribers on April 30, 2018, when it was just 551!
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S&P 500 (SPY)
The S&P 500 had a decent day considering its sluggish start. It seems pretty clear at this point that the trading channel continues to hold steady. The index bounced exactly where it should.
Russell (IWM)
The Russell had a rough day, but it managed to hang around support at 1,593. Today’s declines do not seem disastrous or change my thesis for higher prices.
Apple (AAPL)
Apple is rising after it crushed estimates on both the top and the bottom. The company also guided the fiscal third quarter to $53.5Â billion at the mid-point, ahead of estimates for $52.09 billion. The company saw strong growth in services and wearable.
When thinking about this company and its move away from only the iPhone we need to think about its biggest growth drivers right now, services and wearable. When combining those two groups, they now account for over 28.5% of the companies total revenue. Suddenly, when you lay the chart out, you can see closer how the two are coming together.
Makes you think that the market will continue to value the company as a consumer products company, and less like a cyclical hardware maker. That means multiple expansion. I spoke about it quite a bit in this video. Apple Is All About Services And Wearables
For now, the stock is testing resistance at $209, and should it rise above that price it could push towards $217.
AMD (AMD)
AMD is soaring after hours rising to $29.30, after inline results, while revenue guidance for the second quarter appears to be in-line with estimates at $1.52 billion. Overall, it was an as expected set of quarterly, results, and following Intel’s results, I’m sure it calms a lot of nerves around the stock. $29.40 is the big level of resistance in the stock, and should it rise above that price it has room to move to $31.40. I think it does tomorrow, but see how the conference call goes. On the surface, all looks good.
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[youtube-feed feed=7]NXP Semi (NXPI)
NXP Semi had a huge day rising over 8% and moving to resistance at $106. A move above $106 sets up a path to $115.
That’s it for the day of April
-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.
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