These Are the Stock That May Lead A Rebound on March 5

These Are the Stocks That May Lead A Rebound on March 5

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Michael Kramer and the clients of Mott Capital own shares of Alphabet, Netflix, Visa, and Mastercard

March 5, 2019

US Markets

  • S&P 500 Futures +1.25 points as of 8:15 AM
  • 10-Year Treasury 2.73%
  • Oil $56.64 +$0.05
  • VIX 14.38 -0.25
  • Dollar Index 96.71 +0.03

International Markets

  • China Shanghai +0.88%
  • Hong HSI +0.01
  • Japan Nikkei -0.44%
  • Singapore STI -0.52%
  • South Korea KOSPI  -0.52%
  • Australia ASX -0.29%
  • UK FTSE +0.24%
  • German DAX -0.15%

Global Growth Proxies

  • Copper +1.2%
  • Silver +0.13%
  • Platinum +0.23%

Global Trading

Global markets were mixed on March 5 with prices rising in China, but falling in South Korea. For now, South Korea is struggling to get back to resistance at 2,220. The index has fallen to 2,180.  Support for the index comes around 2,140, and while this pullback isn’t dire, it is a divergence from what we have seen. While it is also unclear how much of this pullback is due to the break down last week in US-North Korea talks.

Korea

US Trading

The S&P 500 Futures are struggling at resistance of 2,818. This will continue to be a level of resistance for the futures.

S&P 500, SPY

S&P 500 (SPY)

S&P 500 will attempt to break out again today, and 2,800 and 2,812 will continue to serve as resistance, For now, my outlook for a breakout and an increase to 2,870 is unchanged, at this point.

S&P 500, spy

Salesforce (CRM)

Salesforce has recovered a good part of last night post-results decline, with the stock down just 1.5%.  Support is around $153, and resistance is at $161.

salesforce, crm

Alphabet (GOOG, GOOGL)

Needham started Alphabet with a buy rating. Alphabet has started to quietly creep higher. The stock has found some resistance around 1,160 and should the stock rise above that level, it would break a big downtrend and potential trigger a rise towards $1,225.

alphabet, googl

Ctrip (CTRP)

JPMorgan upgraded Ctrip to overweight from neutral. The stock is nearing a potential break out at $35.50 which could send it higher towards $38.25.

ctrip

Netflix (NFLX)

We are going to have to watch Netflix closely today now that support at $355 has broken. Support comes again at $337.

netflix, nflx

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Visa (V) and Mastercard (MA)

Bernstein upgraded Visa and Mastercard today, placing a $165 and $250 price target on the stock respectively, up from $152 and $235.

Visa is nearly back to its all-time highs and is approaching resistance at $150.

visa

Meanwhile, Mastercard has already is at its all-time high as well at $226.

mastercard

AT&T (T)

I think at this point we can see that there is a new level of resistance in AT&T’s stock around $31.20.  The stock looks like it is heading to around $28.90.

AT&T

See you later

-Mike

Photo From Flickr

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. March 5

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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.