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JANUARY 15, 2020
STOCKS: MSFT, CSCO, BYND, ROKU, TSM
MACRO: SPY
MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN CSCO AND MSFT
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S&P 500 (SPY)
Stocks are setting up for a slightly lower opening on January 15. The S&P 500 futures are currently trading lower by 3.5 points. It follows what has generally been a lower overnight session across Europe and Asia. Again, there is not much that has changed for the futures or the cash market over the past several days.
Beyond Meat (BYND)
Beyond Meat is trading lower today after a pretty wild trading session on January 14. The stock appeared to have a blow-off momentum yesterday between the bump and run reversal pattern in the morning and the massive surge in volume. Now the short-term uptrend is breaking, and perhaps the momentum trade is broken, with shares falling back to $108, and possibly back to $100.
Of course, a downgrade by Bernstein Market Perform from Outperform with a $106 price target likely won’t help either.
Roku (ROKU)
Roku continues to trend lower, and so does the RSI. The stock is likely setting up a move lower to around $116. The falling triangle looks very strong.
Taiwan Semi (TSM)
Taiwan Semi will report results tomorrow, and the pattern in the chart remains bullish with that rising triangle still in place. I still think there is a good chance it rises following results to around $64.
Cisco (CSCO)
Cisco has been consolidating nicely around this $48.20 region, and it about time for it break out of this range and move higher back to $50.25.
Microsoft (MSFT)
I wrote this article the other day for Forbes, noting some bullish option betting for Microsoft and the potential for shares to rally following results to around $177.
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.
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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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