Wednesday, January 13, 2021 3:04 AM EST

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.
Disclosure: Mott Capital Management, LLC is a registered investment adviser. Information ...
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Disclosure: 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.
This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.
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