5 Monster Stocks To Watch for the July 2 Trading Session
The S&P 500 is pointing to a slightly lower opening for stock on July 5, but that doesn't mean it will last.

5 Monster Stocks To Watch for the July 2 Trading Session

by Michael Kramer

July 2 – Stock mentions: SPY, MU, ROKU, AMZN, NVDA, FB

US Markets

  • S&P 500 Futures -4.5
  • US 10-Year 2.01%
  • Dollar Index 96.74
  • Oil $58.74
  • VIX 14.16

International Market

  • Shanghai Comp. -0.03%
  • Hong Kong HSI +1.17%
  • Japan Nikkei +0.11%
  • South Korea KOSPI -0.36%
  • UK FTSE +0.48%
  • Germany DAX -0.20%

S&P 500 Futures

S&P 500 futures are down modestly for July 2. However, the trend in the index appears to be moving higher despite today’s declines. Support for the S&P futures is around 2962.  Meanwhile, resistance appears to be resistance is around 2,985. I think the S&P 500 is higher by days end. S&p 500, spy

Roku (ROKU)

Roku is falling this morning after RBC downgraded the stock. The stock is falling to support at $88. The next level of support for the stock is around $81.  roku

Micron (MU)

Micron gapped higher yesterday, and now that gap needs to be refilled at $38.70. But it could be worse because I had noted late week that the stock could fall to around $34. Premium content: Micron’s Rally May Soon Fade

micron, mu

Facebook (FB)

Facebook may be starting to run out of juice. The chart is forming a bearish reversal pattern known as a rising wedge.

micron, mu, stock

Amazon (AMZN)

Amazon continues to look reasonably strong with the potential for the stock to rise towards $1965.

amzn, amazon

Nvidia (NVDA)

Nvidia managed to fill the gap intraday yesterday, and now the stock likely continues to rise to around $179.

nvidia, nvda, stock, july 2

Enjoy your day!

-Mike

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