Stock Market Outlook for June 13, 2025
Excluding the extraordinary events surrounding the pandemic in 2020, initial jobless claims are showing the mildest drawdown through the start of June on record, highlighting growing strains in the labor market.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
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Microsoft Corp. (NASD:MSFT) Seasonal Chart
FirstService Corp. (TSE:FSV.TO) Seasonal Chart
Regeneron Pharmaceuticals, Inc. (NASD:REGN) Seasonal Chart
National Research Corp. (NASD:NRC) Seasonal Chart
Procter & Gamble Co. (NYSE:PG) Seasonal Chart
PLDT Inc. (NYSE:PHI) Seasonal Chart
iShares Global Healthcare ETF (NYSE:IXJ) Seasonal Chart
The Markets
Stocks pushed higher on Thursday as the Technology sector once again took a leadership position amidst a positive reaction to earnings from Oracle (ORCL). The S&P 500 Index closed up by just less than four-tenths of one percent, trading within the range of the prior session and continuing to gyrate in the band of resistance between 5900 and 6100. While the 50-hour moving average is no longer enticing the type of buying demand that has been observed over the past couple of months, the large-cap benchmark has still managed to hold this ultra short-term hurdle as support in recent days. Looking forward, a digestive period heading into the end of the second quarter before the summer rally period in July gets underway at the end of this month is our base case. The first of the two timeframes that account for the bulk of the weakness for the offseason for stocks is directly ahead running from June 14th to June 27th (see our Monthly Outlook for June), therefore adding new risk exposure ahead of this period may not be opportune. Our list of candidates in the market that are worthy to Accumulate or Avoid remains appropriately positioned, keeping investors tuned into those segments of the market that are working, while highlighting those groups that are not.
Today, in our Market Outlook to subscribers, we discuss the following:
- Oracle breaks out to new highs, carrying the Software industry along with it
- Producer Price Index and what the trends mean for your investments
- Weekly jobless claims and the health of the labor market
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Sentiment on Thursday, as gauged by the put-call ratio, ended bullish at 0.87.
Seasonal charts of companies reporting earnings today:
- No Significant Earnings Scheduled for Today
S&P 500 Index
TSE Composite
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