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12.15.20
Stocks – AMD, ACAD, AAPL
Macro – SPY
Mike’s Reading The Markets (RTM) Premium Content – NOW WITH A 2 WEEK FREE TRIAL
- Stocks Up- But No Changes In Trend
- The Fed Is Likely To Underwhelm The Equity Market
- Options Volume Are Falling, Volatility Is Rising – A Bad Sign?
- Algos Playing Their Usual Games
- The Start Of A Busy Week
- Three Potential Paths For The S&P 500 Over The Short-Term- The Week Ahead
- Stocks Drop With More To Come?
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN AAPL AND ACAD
Stocks finished the day higher, finishing just below yesterday’s high on the S&P 500. Not much really changed here from yesterday, as the trends still suggest lower prices.
What is most interesting to me is that the indexes rally on news of a potential stimulus deal, while the size of the stimulus gets smaller and smaller. We were 3,200 when the stimulus deal being floated was between $1.8 trillion to $2.1 trillion. Now it seems like the Dems may be lucky if it’s $900 billion. I guess they should have taken the $1.8 trillion when they had a chance. But the S&P 500 is up over 10%. This, as the economy is flashing mixed signals, makes zero sense.
Apple (AAPL)
Apple did finally break out of that range around $124 when it was reported they were raising production on the iPhone by 30%. Anyway, it seems like the next stop is likely to be around $131. Today’s move higher also came on solid volume levels, a positive.
Acadia (ACAD)
Acadia got a big boost from Mizuho after hours, with the firm initiating it a buy with a $69 price target. The gap from early November is filled, and hopefully, it continues to higher now, back to $58.
AMD (AMD)
I went through some of the metrics on this deal with AMD for Xilinx. I really wonder if shareholders even realize how much they will be dilute here. The way the stock trades, you have to think they haven’t a clue. Oh well, not my problem. Good Luck. Should be free content – AMD’s Stock Will Struggle Under The Weight Of Xilinx
We will see if the break out holds today; we still need confirmation tomorrow 😉
Anyway, that’s all I’m gonna have for today.
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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