Subscribe to receive this FREE daily commentary directly in your email
[widget id=”text-23″]
Tariffs? What Tariffs? Take ’em Up Friday!
Well so much for steel and aluminum tariffs taking down the market. Was the fear even a full 24-hours? The S&P surged into the close, up by nearly 50 bps, after starting the day lower around 2,643, now with at the end of the day it sits at 2,690, just your typical Friday.
[widget id=”text-16″]
Let Michael help you! Have questions? Let Michael help you find the answer. Sign-up and get two weeks free: Watch the latest video: What The Heck Happened Â
[widget id=”text-19″]
Again, like I said last night it continues to prove just how fragile the market is, and how easily swayed it can be, and why it makes trying to trade these markets on a daily basis nearly impossible. On Tuesday, February 27 the S&P 500 was at 2,790 at 1 PM by this morning the decline reached 5.2 percent decline from peak to trough, in just three days.
[widget id=”text-23″]
Amazon
The stock movements intraday have been crazy as well, look at Amazon from $1,530 to $1,460. Where is this stock going over the course of the next couple of days? I have no clue, because who knows which way the wind blows on Monday morning.
[widget id=”text-22″]
Netflix
Netflix performance just shows you how much conviction the buyers have in the name. How does a steel tariff affect Netflix? No clue! Netflix isn’t in China anyway, because China won’t let them in! The market decides when it comes to Netflix they don’t get it either. The bear’s tested it at $285 two times, and then someone flips the switch, and the stock took off. Now the stock is sitting over $300.
[widget id=”wordads_sidebar_widget-41″]
Nektar
How do steel tariffs affect Nektar Therapeutics and the development of its immuno-oncology portfolio? It doesn’t, and the stock is rocketing higher by 25 percent, to all-time highs, as Mizhuo see the recent collaboration with Bristol Myers potentially leading to a take out. The stock up nearly 700 percent over the past 52-weeks.
[widget id=”wordads_sidebar_widget-41″]
Micron
What about Micron? Fuhgetaboudit! It is ripping higher, after touching an intraday low around $46, and closed at $49.11, while knocking on the door of an enormous break out at $50.
At least for today, everyone seems to be feeling differently then they did yesterday.
Good luck
[widget id=”text-21″]
[widget id=”wordads_sidebar_widget-41″]
Mott Capital’s Reading The Markets – An In-depth Global Macro Stock Market Commentary – In Video Format – See How Michael Dissects The Markets
Just $200 Per Year – Get Your Free 2 Week Trial
Recent Videos:
Breaking Down Acadia’s Results, Exploring Trends In Chips Stocks
Stocks In Rally Mode, More To Come
Crazy Market Reaction Following Fed Minutes, Plus Subscriber Mail Bag
Subscriber Mailbag, Plus Market Rundown
Free Articles Written By Mike:
McDonald’s Stock Nears Bear Market Levels
3 Biotech Stocks That May Be On The Verge Of Sharp Declines
Roku Short Sellers Are Piling In Even As Stock Falls
Nvidia’s Stock May Be A Bargain As Earnings Forecasts Explode
Micron Traders Place Big Bets on 19% Stock Gain
6 Bargain Stocks Hidden in Market’s Rebound
Gilead’s Stock Rebound May Stall As Analysts Cut Forecasts
Netflix Seen Rising 40% On International Growth
Why Chip Stocks Will Keep Rising
Exact Sciences’ Nightmare May Get Worse for Investors
Why Tesla’s Stock Can Soar to New Highs
Join our 2,616 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe
-OR-
[vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”]
Michael Krame and the clients of Mott Capital own shares of NFLX.
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.
© 2018 Mott Capital Management, LLC. Use, publication or reproduction in any media prohibited without the permission of the copyright holder.
Tags: #sp500 #inflation #yields #tariffs
Subscribe to receive this FREE daily commentary directly in your email
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.
Rates Surge Stocks Drop Following Hot Job Report, CPI Next Week
Mott Capital's Market Chronicles January 10, 2025 12:02 PM