Home » 5 Monster Stocks To Watch For the July 26 Trading Session

5 Monster Stocks To Watch For the July 26 Trading Session
Stocks are looking to rebound on July 26, with shares of GOOGL, AMZN, AAPL, SNAP, and NFLX all on the move, but which way will they go?

5 Monster Stocks To Watch For the July 26 Trading Session

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 26 – Stock mentions: SPY, AMZN, GOOGL, AAPL, NFLX, SNAP

Michael Kramer and the clients of Mott Capital own GOOGL, AAPL, NFLX

US Markets

  • S&P 500 futures +10 points
  • 10-Year yields +2.07%
  • Dollar Index 97.91
  • Oil $56.34
  • VIX 12.45

International Markets

  • UK FTSE +0.48%
  • Germany DAX +0.39%
  • Japan Nikkei -0.45%
  • China Shanghai +0.24%
  • Hong Kong HSI -0.69%
  • South Korea Kospi -0.40%

Markets on the Rebound

Markets are still trying to figure out the implication of the ECB meeting, and it seems that Draghi’s dovish commentary is at the very least starting to have some mild effect, with German stock’s recovering some of yesterday losses, and yields heading lower. The euro is strengthening mildly too, on July 26.

It is fascinating to see that the dollar index is approaching its highs again despite the market, knowing a rate cut is coming. It seems to be a clear indication to me that the Fed will not only need to cut but signal a decrease in September is coming to get the dollar to maybe reverse. But it will not be easy, because the market already knows this, but still, the dollar is stronger. It just tells us that the market expects the ECB to be more aggressive than the Fed.

dollar index

S&P 500 (SPY)

The S&P 500 is rising on July 26 and based on the futures is looking to test resistance at 3,013. But much of this can change once the GDP print comes this morning.

S&P 500, spx

Amazon (AMZN)

Amazon is paring some of its losses and is trading down about 1.3%, nothing earth-shattering and nothing that seems very direr. I have never owned AMZN, nor have I every shorted. I have no interest in the stock.  Anyway, maybe, I’ll be proven wrong, but I still think the stock is heading lower towards $1,850. Whatever, like it or hate my call, everyone has the right to an opinion. Guess what– if I’m wrong, I’m wrong, the great thing is I will tell you. I have never been afraid to admit I’m wrong. Let the market decide. Why Amazon May Drop

Amazon, amzn

Alphabet (GOOGL)

Alphabet is rising above $1,235. The stock is working to fill the gap, and I think it rises above the previous in time.

alphabet, googl

Netflix (NFLX)

Netflix made some significant strides yesterday and will now challenge resistance at $329. Remember that $329 was a strict level of resistance the day after earnings, so if the stock can get above that price, I think it has further to climb. I think $341 is possible. But I have been proven to be too optimistic on Netflix in the past. Remember I had thought the stock would go to $405, after earnings, which it didn’t.

netflix, nflx

Apple (AAPL)

Apple is nearing a big break out which could send the stock to $217, testing resistance at $209.

Apple, aapl

SNAP (SNAP)

Snap’s next level of resistance comes at $18.50.

snap, snap

Take Care!

-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.