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6/21/19 – Stock Mentions: SPY, MU, BYND, AMD
US Markets
- S&P 500 Futures down 6 points
- US 10Year Treasury 2.03%
- Dollar Index 96.58
- VIX 14.82
- Oil $57.33
International Markets
- China Shanghai +0.50%
- Japan Nikkei -0.95%
- Hong Kong HSI -0.27%
- South Korea Kospi -0.27%
- Germany DAX -0.08%
- UK FTSE +0.19%
S&P 500 (SPY)
Stocks are pointing to a slightly lower opening but given the sharp run-up in June. The first significant level of support comes at 2,940 and then 2,915.
Micron (MU)
Micron is falling today after Robert W. Baird lowered its price target to $28 from $32. The next level of support for the stock comes at $32.50.
Beyond Meat (BYND)
Beyond Meat is testing support at $154, and could be on the verge of a drop to $125.
AMD (AMD)
AMD is testing support at $29.40 with the potential to decline to around $28.50.
That’s it for today. I got off to a late start.
-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.
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