Small Caps Soar On January 12 As Mega Caps Struggle

GM (GM)

GM had a great day, rising by over 6%; I still think it can rise further. Remember it was last week, we saw some bullish betting and noted the flag pattern. I guess the options guys still get it right from time to time, despite the disappointing URBN play.

Wells Fargo (WFC)

One stock that loves the rising rate environment is Wells Fargo. The stock was up again today, and the next level to watch for comes around $36.50.

Have a good one.

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Disclosure: Mott Capital Management, LLC is a registered investment adviser. Information ...

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