5 Monster Stocks To Watch For The September 23 Trading Session

September 23 – Stock mentions: SPY, ACAD, ROKU, SHOP, AAPLWealth Strength IndexAAPL is Extremely Up and trending Up, EXAS

Michael Kramer and the clients of Mott Capital own ACAD and AAPLWealth Strength IndexAAPL is Extremely Up and trending Up

US Markets

  • S&P 500 Futures -5 points
  • US 10-Year Treasury 1.69%
  • VIX 15.35
  • Oil $57.80
  • Dollar 98.69

International Markets

  • Japan Nikkei +0.16%
  • KOSPI +0.01%
  • HK HSI -0.81%
  • Shanghai -0.98%
  • UK FTSE -0.44%
  • German Dax -1.08%

MACRO 

Germany saw its Manufacturing FLASH PMI fall to 41.4 lower than an expectation of 44.

The US Manufacturing FLASH PMI comes at 9:45 AM; estimates are for 50.1

S&P 500 (SPY)

S&P 500 e-minis futures fell hard around 3 am when the German PMI came out. The futures have been recovering some since, and are currently hovering around 2,990. The region around 2,980 has acted a reasonable level of support since the beginning of the month.

S&P 500, minis

S&P 500, minis

STOCKS

Acadia (ACAD)

Acadia is rising this morning after Cantor Fitergerald raised its price target on the stock to $56 from $49. The stock needs to get over $42 for a breakout.

acadia, acad

acadia, acad

Roku (ROKU)

Roku will remain in focus today, and at the moment the stock has stabilized around $109. Support will continue to be about $100, with resistance at $122.

roku

roku

Shopify (SHOP)

Shopify is trading down to $315, and one should be careful. If the deal price breaks, the stock could see plenty of downward pressure pushing shares towards $285.

shopify, shop

shopify, shop

Apple (AAPLWealth Strength IndexAAPL is Extremely Up and trending Up)

Apple will need to hold support at $217.50 to avoid a decline to $209.50.

Apple, aapl

Apple, aapl

Exact Sciences (EXAS)

Exact Sciences is rising today, after Cologuard gains FDA approval for ages 45 to 49. The stock is increasing by 6% in the pre-market but still faces fierce resistance around $115.

exas, exact sicences

exas, exact sicences

Have a great day!

-Mike

This article appeared first on Mott Capital Management.

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.