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September 24 – Stock mentions: SPY, NFLX, BB, AAPL, GOOGL, SNAP
Michael Kramer and the clients of Mott Capital own NFLX, AAPL, GOOGL
US Markets
- S&P 500 +9 points
- 10-Year 1.69%
- Dollar Index 98.53
- VIX 14.6
- Oil $58.00
International Markets
- Japan +0.09%
- Shanghai +0.28%
- KOSPI +0.45%
- Hong Kong +0.22%
- Germany +0.03%
- UK -0.36%
MACRO
S&P 500 (SPY)
The S&P 500 futures are pointing to a higher opening today on headlines that trade talks will resume in two weeks. For now, the trend in the market is lower and will need to get above 3030 to break that trend and to avoid the potential double top pattern that may be forming.
STOCK
SNAP (SNAP)
SNAP is trading higher today after Guggenheim upgraded the stock to buy from neutral. The next significant level of resistance comes around $18.50.
Blackberry (BB)
Blackberry could never get beyond the downtrend, and the stock now is moving sharply lower following dissappointing results. The stock needs to stay above $6.70 to aviod an even further decline to $5.80.
Apple (AAPL)
Apple is rising after Jefferies upgraded the stock to buy from hold. Resistance for the stock is around $222.50.
Netflix (NFLX)
Netflix had its price target slashed at Pivotal research to $350 from $515. The stock needs to bounce off this uptrend to avoid a decline to the December lows.
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[youtube-feed feed=7]Alphabet (GOOGL)
Alphabet saw its price target increased by RBC, with the price target going to $1,500 from $1,425. The stock continues to work its way higher towards $1,270.
-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.