Stock Market Outlook for July 7, 2025
The latest read of nonfarm payrolls may provide a bit of a cautionary tone pertaining to the health of the economy, but should continue to present a tailwind to stocks.
*** 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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Westbond Enterprises Corp. (TSXV:WBE.V) Seasonal Chart
Signet Jewelers Ltd. (NYSE:SIG) Seasonal Chart
Radian Group, Inc. (NYSE:RDN) Seasonal Chart
EPAM Systems, Inc. (NYSE:EPAM) Seasonal Chart
Cisco Systems, Inc. (NASD:CSCO) Seasonal Chart
Qorvo, Inc. (NASD:QRVO) Seasonal Chart
Bank Of Montreal (NYSE:BMO) Seasonal Chart
Synopsys, Inc. (NASD:SNPS) Seasonal Chart
Virtus Investment Partners, Inc. (NYSE:VRTS) Seasonal Chart
Willdan Group Inc. (NASD:WLDN) Seasonal Chart
eBay, Inc. (NASD:EBAY) Seasonal Chart
SPDR MSCI ACWI IMI ETF (AMEX:SPGM) Seasonal Chart
WildBrain Ltd (TSE:WILD.TO) Seasonal Chart
Note: On Thursday, the US markets are closing early (1:00pm) and on Friday they will be closed completely for the July 4th holiday. As such, our next report will be released on Monday. Happy Independence Day to our American readers!
The Markets
Stocks ended higher on Wednesday as, once again, the positivity attributed to the notorious summer rally period draws traders into the market before many step away from their desks at the end of this week (eg. Independence day holiday). The S&P 500 Index closed higher by half of one percent, closing at another fresh all-time. The upside gap around 6025 that was recorded just over a week ago plots a point of support to shoot positive bets against as we get through the start of the summer rally period that tends to see investors buy into the equity market beginning on the 27th of June, on average. Support at the 20-day moving average (6055) was confirmed last week, a variable hurdle that has been unviolated throughout the bull-market rally from the April lows. 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:
- A look ahead at what to expect of June’s Nonfarm Payroll report
- Prospects of a weak employment report bode positively for stocks
- US Vehicle Sales
- The trend of heavy truck sales in the US
- Automobile industry stocks at this seasonally strong time of year
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Sentiment on Wednesday, as gauged by the put-call ratio, ended bullish at 0.82.
Seasonal charts of companies reporting earnings today:
- No significant earnings scheduled for today
S&P 500 Index
TSE Composite
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