Stock Market Outlook for July 9, 2025
One of the weakest June changes in employment for a non-recessionary period in the past four decades highlights a slowing of 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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Alimentation Couche-Tard, Inc. (TSE:ATD.TO) Seasonal Chart
Laureate Education, Inc. (NASD:LAUR) Seasonal Chart
BMO Canadian High Dividend Covered Call ETF (TSE:ZWC.TO) Seasonal Chart
Essential Properties Realty Trust, Inc. (NYSE:EPRT) Seasonal Chart
Equitable Holdings, Inc. (NYSE:EQH) Seasonal Chart
Pfizer, Inc. (NYSE:PFE) Seasonal Chart
iShares S&P/TSX Capped Financials Index ETF (TSE:XFN.TO) Seasonal Chart
Toronto Dominion Bank (NYSE:TD) Seasonal Chart
PennyMac Financial Services, Inc. (NYSE:PFSI) Seasonal Chart
CDW Corp. (NASD:CDW) Seasonal Chart
General Dynamics Corp. (NYSE:GD) Seasonal Chart
SPDR S&P Dividend ETF (NYSE:SDY) Seasonal Chart
The Markets
Stocks traded around the flatline on Tuesday as investors digested ongoing tariff developments, while holding the tape steady during this summer rally period. The S&P 500 Index closed lower by just less than a tenth of one percent, continuing to peel back from the all-time high that was charted prior to the Independence Day holiday on Thursday. Support at the cloud of major moving averages remains well defined, including the 20-day moving average (6097), a variable hurdle that has been unviolated throughout the bull-market rally from the April lows. Until some of the implied levels of support start to crack, this market still has the appearance of having an easier ability to excel above levels of resistance than to fail below levels of support. Our list of candidates in the market that are worthy to Accumulate or Avoid continues to be appropriately positioned, keeping investors tuned into those segments of the market that are working in such areas as in the Technology, Communication Services, Financials, and Utilities sectors.
Today, in our Market Outlook to subscribers, we discuss the following:
- US Employment Situation and the investment implications within
- The bump in average hourly earnings as a result of lacklustre employment trends in the leisure/hospitality and retail industries this summer
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Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.87.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
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