July Retail Promotions Historically Boost Stocks, Here Are The Companies And ETFs To Watch
Portfolio Pulse from Michael Juliano
Retail and tech stocks, including Amazon, Home Depot, Apple, and Microsoft, typically perform well in July due to promotional events. ETFs like SPDR S&P 500 ETF and Invesco QQQ Trust also show strong performance in July.
July 02, 2024 | 8:15 pm
News sentiment analysis
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POSITIVE IMPACT
Apple's stock has ascended in three out of the last four Julys as it approaches the fall announcement of the newest iPhone.
Apple's stock typically rises in July as anticipation builds for the fall announcement of the newest iPhone.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Amazon typically sees stock gains in July due to Prime Day sales, having risen the last two Julys.
Amazon's Prime Day sales in mid-July have historically boosted its stock price, making it likely to see gains this July as well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Home Depot has made gains in the last four Julys due to its annual Fourth of July sale.
Home Depot's annual Fourth of July sale has consistently boosted its stock price in July, suggesting a positive impact this year as well.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Microsoft's stock has advanced during two out of the last four Julys, coinciding with its gaming sales.
Microsoft's gaming sales in July have historically boosted its stock price, indicating a potential positive impact this year.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Invesco QQQ Trust has shown strong performance in July, rising during the last four Julys.
The Invesco QQQ Trust's historical performance in July indicates a likely positive impact this year.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF has risen during the last four Julys, reflecting strong performance in the broader market.
The SPDR S&P 500 ETF's historical performance in July suggests a likely positive impact this year as well.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100