5 Monster Stocks To Watch For the July 22 Trading Session

5 Monster Stocks To Watch For the July 22 Trading Session

Subscribe to receive this FREE daily commentary directly in your email

July 22 – Stock mentions – MU, AMAT, AMZN, MSFT, DIS

Michael Kramer and the clients of Mott Capital own MSFT and DIS

US Markets

  • S&P 500 Futures +6 points
  • 10 Year US Treasury Rate 2.04%
  • Dollar Index 97.20
  • VIX 14.53
  • Oil $56.62

International Market

  • Japan Nikkei -0.23%
  • Shanghai -1.27%
  • Hong Kong -1.37%
  • KOSPI -0.05%
  • FTSE +0.30%
  • DAX +0.10%

S&P 500 (SPY)

S&P 500 futures are pointing to a higher opening. However, the trend in the index is still lower, and the opening doesn’t take us as any closer to topping that downtrend. Today’s resistance will remain along the downtrend between 3,000 and 2,995.

Meanwhile, a decline below support at 2,975 sends the index lower towards 2,940.

 

S&P 500, spx

Micron (MU)

Micron is rising today after Goldman Sachs upgraded the stock with a price target of $56 up from $40. The stock is rising above resistance today $45.50, which should now act as a support level. It also suggests the stock may soon rise to around $54.

micron, mu

Applied Materials (AMAT)

Applied Materials was also upgraded at Goldman Sachs after being adding AMAT to the conviction buy list from neutral. Meanwhile, the price target rose to $56 from $48. $51 is likely to act as the next level of resistance for the stock.

applied materials, amat

Premium content – Getting Ready For The Week Of July 22

Amazon (AMZN)

Amazon is also climbing some today after Deutsche Bank raised its price target on the stock to $2,515 from $2,315. The company will report results later this week. The stock is still trending lower, and I continue to think it is head to around $1,800 following results.

Amazon, amzn

Microsoft (MSFT)

It could be a big day for Microsoft as it will continue to do battle at $140 resistance. It is a tough call because it appears there is an ascending triangle that is forming indicate the shares may rise. I can continue to think that the stock is heading towards 30.

Microsoft, msft

Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month

[youtube-feed feed=7]

Disney (DIS)

Disney is also rising today after having a good showing at the Box Office this week and the back of strong showing for Loin King. The stock may be heading lower to $132.

dis, disney

Have a great day.

-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.

Add your email to The Market Chronicles' growing list of daily readers. A FREE market commentary on the trading day's most critical and least apparent events!

Add your email to The Market Chronicles' growing list of daily readers. A FREE market commentary on the trading day's most critical and least apparent events!

Subscribe to receive this FREE daily commentary directly in your email

This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.