Home » 6 Monster Stocks To Watch for the July 29 Trading Session

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

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 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

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

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.