Will The Stock Market Finally Break Out On March 15?

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Apple (AAPL)

Apple increased today rising above $182 for the first time in forever. We can see the stock’s RSI is now overbought and the best thing that could happen is for the stock to consolidate at these prices.

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Broadcom (AVGO)

Broadcom reported what looks like solid results. Additionally, the company reaffirmed its full-year guidance of $24.5 billion, which is better than consensus of $24.36 billion. A non-event. The fact that the company didn’t guide down is a good thing. I’m curious why they didn’t give fiscal second quarter guidance, but perhaps that comes on the call?

The stock is heading towards its all-time highs. I guess I get things right every once in a while. 

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Chipotle (CMG)

Chipotle continues to climb and is heading on towards $670.

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Tesla (TSLA)

Tesla will unveil the Model Y tonight. I couldn’t tell you what to expect. I just know that Model 3 production continues to ramp up and is approaching 6,000 per week. I will tell you that, I trust Bloomberg’s data on this topic better than any sell-side analyst, that is for sure.

Ulta (ULTA)

I will take a look at ULTA tomorrow morning.

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Disclosure: Michael Kramer and the Clients of Mott Capital own Apple and Tesla

Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when ...

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