5 Summer Friday Stock Market Predictions for July 19
Stocks are getting ready to rise on July 19 with the S&P 500 challenging resistance at 3,000, while Microsoft surges following results.

5 Summer Friday Stock Market Predictions for July 19

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 19 – Stock Mentions: XBI, SPY, MSFT, JD, BABA, MU, SQ

Michael Kramer and the clients of Mott Capital own MSFT

US Markets

  • S&P 500 Futures +5 points
  • US 10Yr 2.05%
  • Oil $56.08
  • VIX 13.50
  • Dollar Index 97

International Markets

  • Japan Nikkei +2%
  • Hong Kong +1.07%
  • Shanghai +0.79%
  • KOSPI +1.35%
  • UK +0.10%
  • DAX +0.07%

The Focus of The Week Exclusive For Investing.com:

The S&P Biotechnology Select Industry Index has fallen by around 1.5% in July, underperforming the broader S&P 500’s gain of over 1.5%. Drug prices have once again become a political topic as the U.S. 2020 Presidential Election comes into focus, weighing down hard on the sector. Read More

US Trading for July 19

S&P 500 (SPY)

The S&P 500 futures are trading higher on July 19, pointing to an opening that will have us challenge resistance at 3,000.  It is important for us to move well beyond this 3,000 level. I talked about the reason I felt that way over the weekend. This morning I read an article that noted the S&P 500 could fall by as much 10%, with one reason stated, the tough technical resistance region around 3,000.

If we can manage to move and close the week above 3,000 it would be a positive sign. If we can’t then we need to think about that drop to 2,940 or even 2,915.

S&P 500, spx


Microsoft (MSFT)

Microsoft got a slew of upgrades and price target raises following the strong results. After taking the time to re-read the numbers and the conference call, I was impressed that a company of this size can grow this rapidly. Things for Microsoft seem to be going in their favor. I strongly encourage you to read the call. 

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Consider that the stock trades at 23.9 times fiscal 2021 earnings estimates of $5.88, which are likely to rise.  Why couldn’t MSFT trade with a 26 to 28 multiple, when stocks like ADBE and INTU trade 30+? In my opinion, this the cleanest play on cloud growth, better than Amazon.

The $140 region is sill acting as strong resistance though, so a post-earnings pullback certainly seems possible, before an eventual move higher.

msft, micorosoft

Alibaba (BABA)

Alibaba has been consolidating nicely, and could finally be getting ready for that push to $182.

baba, alibaba


JD.com is starting to look like a flag pattern, and perhaps that finally push the stock higher to $34. It isn’t like I haven’t seen enough call buying in this stock recently, which I have. More Bullish Betting On JD


Micron (MU)

Micron is very close a big break out at $45.50. It could be setting up an increase to $54.

micron, mu

Square (SQ)

Square continues to consolidate nicely around $81 to $83. It is looking more and more like a move to $92 is becoming possible.

sq, square

Have a great day.


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