After starting the third quarter on a slightly negative note on Tuesday with a drop of 0.11%, rebounded yesterday, winning 0.47%. This was enough for the main American stock market index to display a double record of all time – at 6,227.42 points and reaching an intraday peak of 6227.60.
Hopes to alleviate tensions in Trump’s trade war have helped feed the gains because the American president announced a trade agreement with Vietnam.
The markets have also rejected disappointing private payroll data, suggesting that investors expect the Fed to be forced to reduce rates in response to a labor market.
AA expectations are also supported by Trump’s continuous pressure on the president of the Fed, Jerome Powell. Frustrated by the lack of action, Trump even called Powell’s resignation in a message published last night on his social network of truth.
Looking before Thursday, all eyes will be on the June non -farme () – a more influential counterpart of ADP data.
In all cases, the trend and perspectives remain positive for the S&P 500, a view also supported by technical indicators.
In fact, the index lit up a major bullish signal yesterday, while the 50-day mobile average was crossed over the 200-day mobile average. This so-called “golden cross” often precedes a strong momentum upwards and tends to attract new buyers.
Looking for the best S&P 500 actions for July and beyond
In this context, we have undertaken to identify the “best” S&P 500 actions to buy in the coming weeks, aimed at increasing upwards.
To start, we used the Screenner Investing.com to find the analysts’ favorite S&P 500 choices.
More specifically, we have filtered for S&P 500 actions covered by at least 10 analysts and showing the highest increase in increase according to their average price objectives.
Here is the top 7:
Source: InvestingPro
However, a more in -depth examination of these stocks reveals that not all of them are in the ideal form. Some have low financial, while others have undergone steep losses in recent weeks.
Analyst objectives can be useful, but they should not be the only factor that guides investment decisions.
So we made a second …
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