Home » 5 Monster Stocks To Watch For The July 3 Trading Day

5 Monster Stocks To Watch For The July 3 Trading Day

5 Monster Stocks To Watch For The July 3 Trading Day

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.

Otherwise, enjoy the column!

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July 3 – Stock mentions: TSLA, ROKU, AVGO, LRCX, AMZN

Michael Kramer and the clients of Mott Capital own TESLA

US Markets

  • S&P 500 Futures +8 Points
  • US 10-Year 1.96%
  • VIX 13.03
  • Dollar Index 96.69
  • Oil $56.81

International Markets

  • Shanghai -0.94%
  • Hong Kong -0.07%
  • KOSPI -1.23%
  • Nikkei -0.53%
  • FTSE +0.76%
  • DAX +0.69%

July 3 Trading Session:

ADP Private Payroll Data- Estimates are for 140,000

S&P 500 (SPY)

S&P 500 futures are rising on July 3 and moving into record territory. Yes, that means we are above the highs from Monday following the G-20 summit.  Should the gains in the futures hold, then the S&P 500 is on pace to open at a new high too, at roughly 2,980 and less than 1% from 3,000.

S&P 500, spy

Tesla (TSLA)

Tesla is rising above the December downtrend and is seeing a significant breakout today. A rise above $260, sends TSLA back to $298.

S&P 500, spy

Broadcom (AVGO)

Broadcom is falling today after it came out that come is in talks to buy Symantec. One thing that is scary about Broadcom is that they need to continual purchase companies to keep the growth rate up. But the question is, why do they keep looking for companies outside of Chips? It is a diversification strategy, perhaps to increase margins. However, I am just wondering what this company is becoming. Support for the stock is around $280.

broadcom, avgo

Roku (ROKU)

I guess we will find out if I will be the wrong on Roku today, as the stock will once again challenge resistance at $94. In the past few days, the stock failed on each attempt.

roku,

Lam Research (LRCX)

Lam Research is one stock to keep an eye on. Yesterday, I noted that North American Semi Equipment Billings increased for the second month in a row. Lam is one of those stocks that could see a significant benefit. Resistance is at $210. (See Premium Content: Strong North America Semi Billing’s Data)

lam,stock

Amazon (AMZN)

Amazon is on the move, and $1965 may be the next stop for AMZN.

amazon, amzn, tesla, tsla, stock

Enjoy the half-day. We will be back Friday morning. I need a break.

-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.