Home » 4 Stocks To Watch on July 10 as The S&P Prepares To Take Out 3,000

4 Stocks To Watch on July 10 as The S&P Prepares To Take Out 3,000
The S&P 500 is gearing up to take out 3,000 on July 10, as Tesla, Micron, AMD, and Netflix look for more significant gains.

4 Stocks To Watch on July 10 as The S&P Prepares To Take Out 3,000

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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July 10 – Stock mentions: SPY, TSLA, MU, NFLX, AMD

Michael Kramer and the clients of Mott Capital own NFLX and TSLA

US Markets

  • S&P 500 Futures are up 6 points
  • US 10-Year Treasury 2.05%
  • Dollar Index 97.20
  • Oil $59.22
  • VIX 13.86

International Markets

  • Japan Nikkei -0.15%
  • China Shanghai -0.44%
  • Hong Kong HSI +0.31%
  • South Korea KOSPI +0.33%
  • Germany DAX -0.40%
  • UK FTSE -0.01%

Trading Day for July 10

S&P 500 Futures are trading slightly high on July 10 placing the index about 10 points from 3,000. I continue to believe this is a market that wants to work its way higher. Powell’s testimony confirmed the view from the Fed meeting in June that indicated the Fed would act as appropriate. It is likely enough to confirm that the Fed will cut rates in July.

The testimony will be what the ammunition S&P 500 needs to push the index over 3,000.

S&P 500, spy

Bond yields are confirming this bullish view for equities, with a move down to 2.05%

us10y

Well this has become my favorite chart of all in recent days, and you might not like me for this, but you will have to tune in at 12 PM and watch my live webinar to find out why!

S&P 500,

Tesla (TSLA)

Tesla shares are rising today after an email leak showed the company is getting ready to ramp-up production. The stock is moving higher on July 10 following report. My outlook for the stock hasn’t changed and still believe the stock is heading towards the $250 to $260 range.

Tesla, Tsla, stock, july 10

Micron (MU)

Micron is continuing its advance, and with the stock trying to rise above $42, $44 could be the next stop.

micron, mu, stock july 10

Netflix (NFLX)

Netflix will try to break out again today. The stock has stalled on multiple occasions in the past around $380 to $385 level. When will it finally break out and move on to $405?

netflix, nflx

AMD (AMD)

AMD is advancing again today, and $34.50 is the next significant level to watch.

amd, mu, micron stock

-Mike

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.