5 Monster Stocks To Watch On July 12 As The Market Surges Higher
US Markets
- S&P 500 Futures +6.5 points
- US 10Year 2.13%
- Dollar Index 96.98
- Oil $60.35
- VIX 12.73
International Markets
- China Shanghai +0.44%
- Japan Nikkei +0.20%
- Hong Kong HSI +0.14%
- South Korea Kospi +0.29%
- Germany DAX +0.03%
- UK FTSE +0.21%
The Marco Story for the Week Ending of July 12
In recent weeks, investors have latched onto the yield curve, frenetically trying to decipher the cryptic message it may be sending, worried it may be flagging a pending U.S. recession. And not without reason. In the past, when the yield curve has become steeply inverted for a long period, it has signaled recession. However this time may be different: this time, rates around the world have plunged. Read More
US Trading Session for July 12
S&P 500 futures are trading at an all-time on July 12 at 3,010, it is setting up the S&P 500 for an opening over 3,000. As noted previously, I continue to believe that the S&P 500 is on course for a rise to around 3,050.
The setup in the index is still bullish, and nothing has changed since last night.
SNAP (SNAP)
SNAP continues to rise, and on July 12 it is Goldman Sachs turn to upgrade SNAP to buy with an $18 target. $17 is now the next significant level of resistance for the stock.
Square (SQ)
Square is still climbing, and I continue to see SQ rising to around $83.
Dropbox (DBX)
Dropbox is new to the list, and the technical chart is looking pretty solid, suggesting a rise to around $27.35. I wrote a premium article last night on DBX. I had been seeing some bullish options activity that, coupled with the chart, motivated me to start following the name.
AMD (AMD)
AMD is nearing a big breakout at $34.50 that could send AMD on to highest level since 2006. I wrote up a free story yesterday on why I thought an increase to $36.15 was possible.
Tesla (TSLA)
Tesla will try to continue to grind higher today. A report from Digitimes yesterday noted that China FineBlanking Technology will double shipments of components used in Model 3 production. Doesn’t sound like Tesla’s having a demand problem to me? $250 is still the next level to watch. I upped my outlook to $270 the other day in a premium article.
Have a good. No PM story today.
Disclosure: Michael Kramer and the clients of Mott Capital own TSLA
Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market ...
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