Stocks To Watch For September 12

Sep. 12, 2019 9:04 AM ETAmazon.com, Inc. (AMZN), FCX, NVDA, ROKU, SPY
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Growth, Long/Short Equity, Momentum, Macro

Contributor Since 2014

I am Michael Kramer, the founder of Mott Capital Management and creator of Reading The Markets, an SA Marketplace service. I focus on macro themes and trends, look for long-term thematic growth investments, and use options data to find unusual activity.

I use my over 25 years of experience as a buy-side trader, analyst, and portfolio manager, to explain the twists and turns of the stock market and where it may be heading next. Additionally, I use data from top vendors to formulate my analysis, including sell-side analyst estimates and research, newsfeeds, in-depth options data, and gamma levels. 

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September 12 - Stock mentions SPY, AMZN, NVDA, ROKU, FCX

US Markets

  • S&P 500 Futures +7.25 points
  • US 10-Year Yield 1.68%
  • VIX 14.6
  • Oil $55.19
  • Dollar Index 98.93

International Markets

  • Shanghai +0.75%
  • HSI -0.26%
  • Nikkei +0.75%
  • KOSPI +0.84%
  • Germany +0.63%
  • UK +0.24%

Macro

Some recent Macro videos in my SA Marketplace RTM, first 2 weeks free

The ECB cut deposit rates by ten bps to -0.5bps and started a new round of QE at €20 billion. I thought the QE announcement was light, and at the moment I'm rather surprised that the euro is weakening and the German 10-Year is falling. Well, see how things go as the hours and days progress. But based on what I see so far, I wouldn't be surprised to see the euro and yield rise.

S&P 500 (SPY)

The S&P 500 futures are rising this morning on news that President Trump will delay the next round of tariffs by two weeks. The S&P futures have crossed the 3,000 mark, and that will help to put the all-time now less than 1% away.

Copper

Copper prices are rising this morning, a global growth proxy. It broke a pretty strong downtrend which should help to lift copper price towards $2.71.

Stocks

Some recent articles on Stocks in my SA Marketplace RTM, first 2 weeks free

Freeport (FCX)

Freeport is a rising as results and is nearing a pretty big break out should it get over $10.40. Sets up a move higher towards $11.

Nvidia (NVDA)

Nvidia continues to head higher with $198 in reach.

Amazon (AMZN)

Amazon continues to hold strong and is now starting to trend higher. Again, nothing changes here, $1900 is still on track.

Roku (ROKU)

Roku is currently holding support around $144, but resistance will now come at the uptrend around $157. But that RSI is very high and that may mean that the stock is still heading lower.

-Have a great day

-Mike

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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