Home » 5 Monster Stocks To Watch on July 12 As The Market Surges Higher

5 Monster Stocks To Watch on July 12 As The Market Surges Higher
SNAP, DBX, SQ, AMD, and TSLA will be five stocks to watch on July 12 as the S&P 500 tries it hand again at closing above 3,000.

5 Monster Stocks To Watch on July 12 As The Market Surges Higher

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July 12 – Stock Mentions: SPY, SNAP, DBX, SQ, AMD, TSLA

Michael Kramer and the clients of Mott Capital own TSLA

US Markets

  • S&P 500 Futures +6.5 points
  • US 10Year 2.13%
  • Dollar Index 96.98
  • Oil $60.35
  • VIX 12.73

International Markets

  • China Shanghai +0.44%
  • Japan Nikkei +0.20%
  • Hong Kong HSI +0.14%
  • South Korea Kospi +0.29%
  • Germany DAX +0.03%
  • UK FTSE +0.21%

The Marco Story for the Week Ending of July 12

Market Forces Are Inverting The Yield Curve, Not A Looming Recession

In recent weeks, investors have latched onto the yield curve, frenetically trying to decipher the cryptic message it may be sending, worried it may be flagging a pending U.S. recession. And not without reason. In the past, when the yield curve has become steeply inverted for a long period, it has signaled recession. However this time may be different: this time, rates around the world have plunged. Read More

US Trading Session for July 12

S&P 500 futures are trading at an all-time on July 12 at 3,010; it is setting up the S&P 500 for an opening over 3,000. As noted previously, I continue to believe that the S&P 500 is on course for a rise to around 3,050.

The setup in the index is still bullish, and nothing has changed since last night.

S&P 500, spx

SNAP (SNAP)

SNAP continues to rise, and on July 12 it is Goldman Sachs turn to upgrade SNAP to buy with an $18 target. $17 is now the next significant level of resistance for the stock.

SNAP

Square (SQ)

Square is still climbing, and I continue to see SQ rising to around $83. See premium content Square’s Stock Is Breaking Out

square, sq

Dropbox (DBX)

Dropbox is new to the list, and the technical chart is looking pretty solid, suggesting a rise to around $27.35. I wrote a premium article last night on DBX. I had been seeing some bullish options activity that, coupled with the chart, motivated me to start following the name. Dropbox’s Stock May Pop Ahead Of Quarterly Results

dropbox, dbx

AMD (AMD)

AMD is nearing a big breakout at $34.50 that could send AMD on to highest level since 2006. I wrote up a free story yesterday on why I thought an increase to $36.15 was possible. AMD’s Stock May Reach Prices Not Seen Since 2006

AMD

Tesla (TSLA)

Tesla will try to continue to grind higher today. A report from Digitimes yesterday noted that China FineBlanking Technology will double shipments of components used in Model 3 production. Doesn’t sound like Tesla’s having a demand problem to me? $250 is still the next level to watch. I upped my outlook to $270 the other day in a premium article. Tesla Stock Is Seeing More Bullish Option Betting

tesal, tsla

Have a good. No PM story today.

-Mike

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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.

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