Top 10 Trending Stocks For July

Jul. 02, 2018 4:11 PM ETATVI, BA, MU, NFLX, NTAP, NVDA1 Comment5 Likes
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  • A look at how last month's top ten performed versus the S&P 500.
  • Half way through 2018, how have the Trendrating Top Ten held up?
  • Heading into July, we will list the top ten names exhibiting the strongest bull trends.

The Trendrating Top Ten list is compiled using our proprietary Smart Momentum Score to find the strongest trends within the S&P 500. The month of June started off hot for just about all ten of the companies listed below. The last week of June, however, was a different story. Tech stocks finally began feeling pressure from the global trade discussions, with microchip companies feeling the brunt of that pain. YTD, the top ten is still far outpacing the S&P 500, which will be shown below. Finally, we will reveal the top ten list for the month of July.

As previously mentioned, the latter half of June saw a pick up in volatility as global trade tension increased. Despite some large price fluctuations, the Trendrating Top Ten and the S&P 500 index finished roughly flat, up 0.27% and 0.91%, respectively. This marks only the second month this year that Trendrating has underperformed its benchmark, and both periods underperformed by less than 1%.

The major laggards for the month included the previously mentioned microchip companies, with Nvidia (NVDA) and Micron Technologies (MU) finishing down 6.06% and 8.94%, respectively. On the positive side, it was familiar names Netflix (NFLX) and Activision Blizzard (ATVI) contributing the best performance, up 11.33% and 7.63%, respectively. Despite underperforming for the month, the Trendrating Top Ten is up 17.06% YTD, as compared to just 2.11% for the S&P 500. The figure below shows just how well these top ten names have fared.

Month Trendrating Performance S&P 500 Performance Difference
January 9.68% 5.62% 4.06%
February 2.32% -3.89% 6.21%
March -1.95% -2.69% 0.74%
April -0.18% 0.27% -0.45%
May 6.29% 2.16% 4.13%
June 0.27% 0.91% -0.64%
YTD 17.06% 2.11% 14.95%

Turning our attention to July, seven of the ten June names are still showing very strong trends. A tough June for microchip companies means that Nvidia (NASDAQ:NVDA) and Micron Technologies (NASDAQ:MU), however, will not make the top ten names of July. The newcomers include cloud data services company Netapp (NTAP) and the Chicago based Boeing (BA). Since the start of 2018, Amazon is the only company to have made this top ten list each and every month. The Trendrating web-based platform and ranking module allows our clients to customize the top ten to fit their investment style.

Name Ticker Smart Momentum
Activision Blizzard ATVI 3.0000 AMZN 2.9873
Align Technology ALGN 2.9723
Netflix NFLX 2.7645
Adobe Systems ADBE 2.6675
Oneok OKE 2.6148
Facebook FB 2.5710
Netapp NTAP 2.5700
Idexx Laboratories IDXX 2.5400
Boeing BA 2.5157

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As a reminder, these stocks are selected using the Trendrating proprietary ranking module, only available through the Trendrating subscription. The top ten list for July are the strongest trending stocks within the S&P 500. As previous months this year have shown, investing in trending stocks has been a winning strategy. While any one name may underperform, the group as a whole offers balance and diversity among the strongest trends for large cap stocks.

This article was written by

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Trendrating was created to provide better tools to maximize investment performance and improve risk control. We bring additional intelligence and measurable value to the existing decision processes. Superior performance and financial success come from discipline and a systematic reality check of assumptions. Bias, emotions, market noise and overconfidence may severely limit a manger's ability to perform. Momentum factor analytics are the answer. The industry is evolving. We believe that in five years 50% of all asset managers globally will incorporate some form of momentum and Trendrating is leading the way. The value of our service is not hidden behind theories and hypothesis; it can be measured every day in your P&L. More than 100 customers use Trendrating as an additional metric in the decision process and we look forward to serving thousands of customers in the near future.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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