This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.
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June 20 – Stock mentions: SPY, AMZN, CSCO, GOOGL, GE, AAPL
Michael Kramer and the clients of Mott Capital own CSCO, GOOGL, and AAPL
Stocks had a big day despite a midday pullback in what appears to have just been a gap fill. Perfectly fine by me. The performance of the equity market was powerful on June 20 and could not have been more perfect. The index managed to open about 1% higher and saw nearly all of it evaporate midday on Iran worries. Still, stocks managed to recoup all of the midday pull back to finish near the highs. (See premium content: Sector Rotation Suggest Higher Stock Prices)
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.