- S&P 500 Futures +8 Points
- 10-Year Yield 2.06%
- Dollar Index 96.85
- VIX 12.90
- US Oil $60.72
- Japan Nikkei +0.51%
- China Shanghai +0.08%
- Hong Kong HSI +0.81%
- South Korea KOSPI +1.06%
- UK FTSE -0.08%
- Germany DAX -0.22%
Stock Trading For July 11
S&P 500 (SPY)
S&P 500 Futures are pointing to an opening above 3,000 on July 11. That level was acting as resistance a bit yesterday, but it shouldn’t for long. Based on my outlook, this leg of the rally could take us as high 3,055.
Microsoft was initiated today with an outperform rating at Cowen and a $150 price target. The stock has been steadily trending higher since the December 24 lows. The next level of resistance I am expecting is around $141.
SNAP is rising today after BofA put a $17 target on the stock up from $12. The next level to watch for continues to $16.
Well to say that Stranger Things 3 is hot may be an understatement. The latest Google Trends show that search term for this season is higher than any in the past.
Amazon is trading above 2,025 this morning and is likely heading to around $2060.
Good Luck Today.
Original Post: 5 Monster Stocks To Watch For The July 11 Trading Session
July 11 – Stock Mentions SPY, MSFT, TSLA, SNAP, NFLX, AMZN
Michael Kramer and the clients of Mott Capital own MSFT, TSLA, NFLX
Disclosure: Interactive Advisors
This material is not intended as investment advice. Interactive Advisors or portfolio managers on its marketplace may hold long or short positions in the companies mentioned through stocks, options or other securities.
Pursuant to the Investment Management Agreement between Interactive Advisors and its clients, all brokerage transactions occur through Interactive Brokers LLC, an affiliate of Interactive Advisors. Interactive Advisors does not offer services through any other broker-dealer. The use of an affiliate for brokerage services represents a conflict of interest. Interactive Advisors clients acknowledge this conflict of interest and authorize Interactive Advisors to execute transactions through Interactive Brokers LLC when they open an Interactive Advisors account. Clients should consider the commissions and other expenses, execution, clearance, and settlement capabilities of Interactive Brokers LLC as a factor in their decision to invest in an Interactive Advisors Portfolio. Interactive Advisors believes it can meet its best execution obligation by trading its clients’ trades through Interactive Brokers LLC. While there can be no assurance that it will in fact achieve best execution, Interactive Advisors does periodically monitor the execution quality of transactions to ensure that clients receive the best overall trade execution pursuant to regulatory requirements.
Disclosure: Interactive Brokers
Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from Interactive Advisors, an affiliate of Interactive Brokers LLC, and is being posted with permission from Interactive Advisors. The views expressed in this material are solely those of the author and/or Interactive Advisors and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.
Disclosure: Futures Trading
Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com.