ASML Holdings
{ASML.NAS} is forecasting flat YoY revenue for FY2024, after facing headwinds from China due to export restrictions. Q2 earnings will be released on Wednesday, July 17th.
Amazon
In Q124, Amazon’s revenue reached $143.3 billion, a 13% YoY increase. The market is forecasting 8 – 11% average revenue growth for the full year.
Amazon is up 50.6% since being added to our US model portfolio.
US Earnings
Monday, July 15 – Goldman Sachs and BlackRock.
Tuesday, July 16 – UnitedHealth, Bank of America, Progressive, Morgan Stanley, PNC Financial, and J.B. Hunt Transport.
Wednesday, July 17 – Johnson & Johnson, U.S. Bancorp, Kinder Morgan, United Airlines, and Ally Financial.
Thursday, July 18 – Netflix, Abbott Laboratories, Blackstone, Domino’s Pizza, and Taiwan Semiconductor Manufacturing.
Friday, July 19 – American Express, Halliburton, and Traveler.
Week 1
Thursday, July 11 – Delta Air Lines, PepsiCo, and Conagra Brands.
Friday, July 12 – Citigroup, JPMorgan Chase, Bank of New York Mellon, and Wells Fargo.
Small Cap
June’s CPI suggests that the Federal Reserve will cut interest rates later this year, triggering a rotation into small caps. As a rate-cutting cycle begins, smaller cap shares are expected to rally.
VanEck Small Companies Masters is rated a buy with the stop loss at $18.66
Bitcoin ETF
The first and most cost-effective bitcoin ETF on the ASX enables simple and convenient access without the complexity of individual ownership.
Mineral Resources
Mineral Resources is rated a buy with a stop loss at $54.89
Food ETF
BetaShares Global Agriculture is under Algo Engine buy conditions.
Northern Star
Northern Star Resources is rated a buy with the stop loss at $12.65
Pexa Group
Pexa Group will likely find buying support in the $12.50 – $13 range.
Intel
INTC:NAS has rallied following the breakout above the $31 resistance. Several analysts have upgraded their price targets, and commentary has generally turned bullish. The trailing stop loss should be lifted to $32.50.
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