6 Monster Stocks To Watch for the July 29 Trading Session
The stock market will try to pick up where it left off on Friday. Here are 6 stocks on the move, SBUX, MU, TSLA, AMD, SBUX, and NVDA.

6 Monster Stocks To Watch for the July 29 Trading Session

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July 29 – Stocks mentions SBUX, MU, TSLA, AMD, PYPL, NVDA

Michael Kramer and the clients of Mott Capital own TSLA

US Markets

  • S&P 500 Futures -3 points
  • US 10 Year 2.05%
  • VIX 12.76
  • Oil $56.18
  • Dollar Index 98.05

International markets

  • Shanghai -0.12%
  • Hong Kong HSI -1.03%
  • Japan Nikkei -0.19%
  • KOSPI -1.78%
  • German DAX -0.06%
  • UK FTSE +1.17%

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S&P 500 (SPY)

The S&P 500 has been steadily trending higher. Support for the index is currently around 3,014, while resistance continues to hover somewhere around 3,055.

S&P 500, spx

PayPal (PYPL)

PayPal is flirting with what could be a significant breakdown. The stock is falling out of a rising wedge pattern. Now the stock is sitting just above support at $113.75. Should the stock fall below support it could drop $104.35.

paypal, pypl

Micron (MU)

Micron is falling some this morning. The trend is still higher; however, support for the stock is around $45.50.

micron, mu

Tesla (TSLA)

Tesla will try to start its recovery from last week’s big sell-off. The good news is that the stock has found support around $225. There is that big gap that needs to be filled up to around $253.

tesla, tsla

AMD (AMD)

AMD will report results this week, and $34.50 continues to be the level of resistance. Again, a break above $34.50 seems AMD up to around $36.15.  Premium content AMD Nears Break Out

amd

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Starbucks (SBUX)

JPMorgan and Baird downgraded Starbucks to neutral from overweight, on July 29. Meanwhile, the stock was started with a buy rating $110 price target. Keep in mind this stock is now trading at 32 times 2020 earnings estimates. That a very lofty for multiple for Starbucks.  There is a big gap to fill down to $91.35.

starbucks, The stock market will try to pick up where it left off on Friday. Here are 6 stocks on the move, SBUX, MU, TSLA, AMD, PYPL, and NVDA.Nvidia (NVDA)

Nvidia has been trending higher and it appears to be a course to rise to around $185.

The stock market will try to pick up where it left off on Friday. Here are 6 stocks on the move, SBUX, MU, TSLA, AMD, PYPL, and NVDA.

Have a great day!

-Mike

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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.