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Tesla’s Revenge, Plus Netflix, Amazon, Intel, GE, and Alibaba
Michael Kramer and the clients of Mott Capital Own Shares of TSLA and NFLX
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Tesla (TSLA)
What a wild ride for the shares of Tesla the past couple of days. We left here on Friday not knowing the fate of Elon Musk and the company only to learn over the weekend that he settle his lawsuit with the SEC. Shares of Tesla rose by about 18% today back to $310 regaining all its losses from Friday.
Electrek is reporting that Tesla hit a production mark of 80,000 cars in the third quarter. My gut says that Tesla is going to have a strong quarter. Analysts now see the company delivering a loss of $0.23 for the which is better than estimates from last week for a loss of $0.30. I expect that once we get final delivery numbers for the third quarter tomorrow or Wednesday, it will be revised higher again.
The stock fell below support on Friday dropping to around $260. Today, it climbed back above the support/resistance level around $301 and stayed firmly above it for the entire day. The next level of resistance comes around $325.
Reading The Markets Premium:Â A Look At GE And Tesla
Netflix (NFLX)
Netflix had a strong day after Credit Suisse noted that content in 2019 should be much stronger than the current 2018 line-up of shows. Netflix is one of the first company’s to report results, and those results will come on October 16, so I expect to hear more from the sell-side on Netflix regarding price target adjustments, subscriber and revenue projections.
The stock has been rising steadily along an uptrend that formed back in mid-August. I don’t see a change in trend going into results. I expect that shares will be trading around $400 by the time the company reports results in 2-weeks time.
Intel (INTC)
Intel fell today basically to where I expected it to drop when I wrote last Friday. So the trend is still higher at this point. I noted in an Investopedia article that I saw bullish options activity for expiration on November 16 at the $49 calls.
Amazon (AMZN)
Amazon failed at resistance today around the price of 2,025. So the question now was that fill the gap reversal or a reversal from hitting resistance. Tough to say at this point. Tomorrow will be an important day for the stock.
GE (GE)
GE made headlines announcing that John Flannery was out as CEO after only a year. The pace of change was moving to slow.  But I think it is too soon to rush to any conclusions as to the potential impact of the move. The stock gave back a big part of its early morning gains. Perhaps if it can stay above the $11.85 support level, we can start to think about a change of trend, but at this point, I can not tell. Nor do I even think it is worth the gamble. Too many other worthy companies out there in far better positions.
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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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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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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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Alibaba (BABA)
The troubles for Alibaba continues, but perhaps there is a sign of hope emerging. Notice the RSI which may be shifting its trend from lower to higher. It may be too early to call a bottom in the stock price. But if the RSI can begin to diverge from the price that it is a potential a sign the bottom is near.
-Mike
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TSLA, NFLX, AMZN, GE, BABA, INTC
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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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