My top stocks to watch in July 2024 have the kind of volatility that smart traders target. Every day, week, and month I survey the entire market, looking for stocks that are trending in one direction or another. Our job is to identify the stocks that have the potential to make moves and be ready to trade them if those opportunities come about.
Table of Contents
7 Top Stocks To Watch
My top stock watchlist picks for July — based on pattern, price action, and catalyst — include the following:
| Stock Ticker | Company | Performance (YTD) |
| NASDAQ: GOVX | Geovax Labs Inc | – 43.24% |
| NASDAQ: ZAPP | Zapp Electric Vehicles Group Ltd | – 63.32% |
| NASDAQ: NVDA | NVIDIA Corp | + 157.00% |
| NASDAQ: MLGO | MicroAlgo Inc | + 96.75% |
| NASDAQ: AMZN | Amazon.com Inc | + 29.71% |
| NASDAQ: GOOG | Alphabet Inc | + 32.94% |
| NASDAQ: MSFT | Microsoft Corporation | + 22.07% |
The stocks on this list are some of the craziest movers on the market …
Only trade these stocks if you have a solid plan and an understanding of the risks involved. I don’t trade until I see a setup I like.
Jump ahead to get to my trading plans for these top stocks!
Top Stocks to Watch Today
My top 7 stock picks are:
- NASDAQ: GOVX — Geovax Labs Inc — The Biotech That I’m Watching for My Break of Previous Day’s High eBook Pattern
- NASDAQ: ZAPP — Zapp Electric Vehicles Group Ltd — The Ultimate Low-Float Box Checker
- NASDAQ: NVDA — NVIDIA Corp — The Mega-Cap Stock That’s Lighting Up WallStreetBets
- NASDAQ: MLGO — MicroAlgo Inc — The Micro-Consciousness Quantum Research Penny Stock
- NASDAQ: AMZN — Amazon.com Inc — The Mega-Cap AI Stock at All-Time Highs
- NASDAQ: GOOG — Alphabet Inc — The Tech Giant With an Autonomous Vehicle Subsidiary
- NASDAQ: MSFT — Microsoft Corporation — The AI Mega-Cap Stock That Could See a “Tidal Wave” of Monetization
Remember — we’re traders, not investors. You need to keep that mentality in mind even if you’re a swing trader.
That means:
- Always having a trading plan — and sticking to it.
- If a stock drops below risk, you need to sell. Only losers hold onto losers.
There are some stocks on this watchlist that are day trade only. Holding onto these volatile small-cap stocks overnight can lead to some nasty surprises, like when a biotech penny stock does a new share offering to cash in on its gains.
These penny stocks aren’t directly impacted by the larger market …
But over the years I’ve noticed an indirect relationship that’s important to understand.
When major indices show strength, it leads to more plays in the penny stock niche.
We still only want to trade the best setups. Here they are …
#1: Geovax Labs Inc (NASDAQ: GOVX) — The Biotech That I’m Watching for My Break of Previous Day’s High eBook Pattern
My first stock pick is Geovax Labs Inc (NASDAQ: GOVX).
It spiked 180%* after announcing news of a new COVID vaccine on June 18, of all things …
I was skeptical of this catalyst at first, COVID doesn’t really move the needle much anymore. But after multiple days of strong price action … There’s definitely a trade opportunity here.
The stock broke out to continue higher on Monday June 24:
GOVX chart multi-day, 1-minute candles Source: StocksToTrade
The patterns that we trade are always the same! It’s the stocks that change …
Wait for the GOVX price action to match one of our trading patterns outlined in the eBook.
#2: Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP) — The Ultimate Low-Float Box Checker
My second stock pick is Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP).
This is another stock that was alerted by our Breaking News system.
And it was an obvious setup for traders in our community …
- Low price.
- Low float.
- A recent EV spike from June 13.
- Bullish financial results on June 20.
Take a look at the chart below of the Breaking News alert:
$ZAPP had a 107% GAIN this morning! 🔥 Market is on fire today! Repost if you got in on this!!!
— StocksToTrade (@StocksToTrade) June 20, 2024
Get the next alert🚨 https://t.co/IcIxxdGIBP #tradingwin #stockmarket #StocksToWatch pic.twitter.com/rHB36Mdse0
This is a chart of the whole move, the spike measures 440%* thus far:
ZAPP chart multi-day, 1-minute candles Source: StocksToTrade
We’re looking for a retest of the highs from June 20.
Remember, it’s possible to profit without a ‘breakout trade’. But in this case, ZAPP could give us a HUGE rally to new highs. Pay attention to the breakout level at $3.50.
#3: NVIDIA Corp (NASDAQ: NVDA) — The Mega-Cap Stock That’s Lighting Up WallStreetBets
My third stock pick is NVIDIA Corp (NASDAQ: NVDA).
The 10-for-1 stock split on June 7 opened the door for small-account traders to build positions on 2024’s most legendary stock.
NVDA was previously trading at $1,200 per share. The split brought prices down to $120.
After the split, prices surged to new all-time highs.
But in the last few days we’ve seen NVDA pullback from its meteoric trajectory. Naturally, small-account forums like Reddit’s WallStreetBets are full of NVDA speculation.
- Will it turn into a full-blown free fall?
- Will it rebound to new highs?
- How do I make money on this runner???
Relax … There’s still time for traders to build a position on this stock. Especially since the recent pull back.
Take a look at the chart below, every candle represents one trading day:
NVDA chart multi-month, 1-day candles Source: StocksToTrade
Don’t risk your hard earned cash on a random trade position …
Instead, use our AI swing-trading bot IRIS to build smart positions on big-name stocks like NVDA.
There’s time NOW to get in. Don’t miss this opportunity.
#4: MicroAlgo Inc (NASDAQ: MLGO) — The Micro-Consciousness Quantum Research Penny Stock
My fourth penny stock pick is MicroAlgo Inc (NASDAQ: MLGO).
MLGO is a tech stock that develops software like algorithm optimization for online advertising and the gaming industry.
Thanks to all of the AI momentum in 2024, MLGO managed a 330%* spike in less than two days during February of this year.
But that pales in comparison to the moves from June …
The price spiked 860%* on June 4 and 560%* between June 24 and 26. Take a look at the chart below. Every candle represents one trading day:
MLGO chart multi-month, 1-day candles Source: StocksToTrade
The most recent spike shows good signs of consolidation.
There’s a fair chance these shares surge higher in July.
Plus, StocksToTrade shows the float is only 1.8 million shares. The low supply of shares (anything below 10 million) helps the price spike higher when demand increases.
There will be more trade opportunities on this stock as a result!
5: Amazon.com Inc. (NASDAQ: AMZN) — The Mega-Cap AI Stock at All-Time Highs
My fifth penny stock pick is Amazon.com Inc. (NASDAQ: AMZN).
Amazon started as an online book company …
Then it exploded as a larger online retailer. Amazon is one of the main businesses that took momentum away from more traditional brick and mortar retailers.
And in recent months it expanded into the AI services sector.
Amazon offers an AWS AI service that boasts yet another revenue stream for the tech giant.
And the stock just broke to new all-time highs toward the end of June. See the chart below, every candle represents one trading day:
AMZN chart multi-month, 1-day candles Source: StocksToTrade
It’s not a 100% guarantee that prices will continue higher this year …
But nothing’s ever guaranteed in the market. All we can do is follow the hottest trends.
And in 2024, tech and AI are all the rage.
6: Alphabet Inc. (NASDAQ: GOOG) — The Tech Giant With an Autonomous Vehicle Subsidiary
My sixth penny stock pick is Alphabet Inc. (NASDAQ: GOOG).
This is another HUGE tech stock that made a comeback in 2024 thanks to the overall AI-market strength.
Alongside AMZN, GOOG made new highs to end June. Take a look at the chart below:
GOOG hart multi-month, 1-day candles Source: StocksToTrade
Believe it or not, certain companies are still moving forward on possible autonomous vehicles.
The advent of AI made the goal much more achievable. And Google’s “Waymo” is one of the biggest AV projects to watch in 2024.
Take a look at the company’s website below:
GOOG is one of the few companies that has the cash, the manpower, the technology, and the wherewithal to meaningfully pursue a marketable AV.
And among its other tech-related products, the Waymo AV could help propel the share price higher this year.
7: Microsoft Corporation (NASDAQ: MSFT) — The AI Mega-Cap Stock That Could See a “Tidal Wave” of Monetization
My seventh penny stock pick is Microsoft Corporation (NASDAQ: MSFT).
NVDA briefly passed MSFT in June as the most valuable company on the U.S. stock market.
But it didn’t last long as NVDA dipped promptly after claiming the first-place spot.
MSFT isn’t going anywhere …
Even if NVDA claims the most valuable spot again, MSFT will remain right on its heels.
MSFT is in the process of developing its own high-processing microchips in an effort to reduce its reliance on NVDA.
And there are analysts predicting that the AI market surge could last another year or two …
MSFT is already up 20% this year. For a stock with a market cap of $3 trillion, that’s an astounding move! And prices are hovering near all-time highs.
Take a look at the chart in 2024 thus far:
MSFT chart multi-month, 1-day candles Source: StocksToTrade
You can use our IRIS swing-trade bot to build smart positions on these big tech runners!
*Past performance does not indicate future results
Top Stocks Under $5
Hot sector penny stocks — whether we’re talking AI penny stocks, biotech penny stocks, or another sector attracting a lot of news — are something traders should always be looking at. The allure lies in the potential for substantial returns on investment, as even minor developments or positive news within these sectors can lead to significant price jumps.
It’s important to proceed with caution and a well-thought-out strategy. The inherent volatility of penny stocks, combined with the speculative nature of emerging sectors like renewable energy and tech innovations, underscores the importance of a meticulous approach. Before diving in, ensure you’ve done your due diligence, looking past the initial excitement to assess the true potential and risks of these ventures. It’s wise to trade these stocks rather than invest long-term, given their unpredictable nature.
Success in trading hot sector stocks priced under $5 hinges on a selective and strategic approach. The goal is to tap into their explosive growth potential while implementing robust risk management practices. By zeroing in on companies making news in their specific niches, traders can seize opportunities for disproportionate gains. This strategy, coupled with a disciplined approach to maintaining a tight investment strategy and promptly cutting losses, can pave the way for trading success in these dynamic market segments.
What Do You Need to Trade Stocks?
The biggest thing you need to become a self-sufficient trader is something money can’t buy…
Patience.
Everything else is easy enough to come by.
Most brokers don’t charge commissions when you buy listed stocks — which is every stock on this list.
You can see the brokers I recommend here.
What else do you need?
You’ll need a trading computer and decent internet. You’ll also need a powerful trading platform like StocksToTrade…
StocksToTrade puts top-of-the-line charts and stock screening at your fingertips. It’s got a built-in news scanner that puts earnings reports and news that move stocks in one place.
We think you’ll see the difference immediately. Get your first 14 days here for only $7.
Then comes the hard part…
You need to learn patterns. You need to find out which strategies work for you. You need to put in screen time…
Paper trading is a good way to get your feet wet. StocksToTrade can do that too.
You need to make trading plans and track your trades. I know, it’s a lot. That’s why I’ve designed the best mentorship program out there — Daily Income Trader.
Our trading community will bring you live webinars, strategy sessions, and the chance to ask questions of me and other top traders.
My goal is to teach you how to think for yourself and trade through any kind of market.
Here’s one of the biggest things I teach you to do…
How to Find Your Top Stocks to Watch: 5 Tips for Every Day
The best traders don’t believe in ‘hot stocks.’ They watch what the market is doing every single day.
There’s no trick to it. Building a daily watchlist comes down to five easy steps.
#1: Run Your Scans
You know what’s moving by setting your stock screener to pick up the right stocks.
I run scans all through premarket, looking for stocks up at least 10%, on decent volume and a catalyst that isn’t complete garbage.
The market is a game of supply and demand. A stock screener is the best way of measuring that demand.
#2: Know Your Catalysts
Crappy penny stocks will always have press releases and celebrity tweets when they’re running. It’s your job to know what’s fluff and what isn’t.
Luckily, it isn’t hard. Is the market reacting well to it? Then it’s probably decent news.
We have an add-on service specifically dedicated to the news that moves stocks. It’s called Breaking News Chat — and it can be your secret weapon.
#3: Study the Charts
Studying charts can be the difference between randomly trading a stock and seeing a good entry.
How do I know that most days TSLA starts the day red it often finishes green? It’s because I’ve studied its charts.
#4: Look for Volume
Volume is the biggest indicator of price action.
You can trade a stock move with no news. But you probably don’t want to make a trade with no volume.
This is another thing to study when you’re looking at a chart.
Take a look at a stock’s biggest moves. How much volume does it get when it’s making a move?
#5: Learn From Other Traders
Never copy another trader’s trades. If you’re last in on a trade, you’ll only make money by luck. And you sure won’t learn to trade for yourself.
The training we offer at StocksToTrade is designed to help you become a self-sufficient trader. We show you how we come up with our trade ideas, we don’t give them to you.
Profit and loss isn’t the mark of a good trader. It’s the planning and execution you put in.
We can help you get there in a few different ways:
- My Weekly Watchlist: On Sundays, my weekly watchlist is free on StocksToTrade’s YouTube channel.
- StocksToTrade Advisory: This is an intro to my trading approach — with premarket sessions, a weekly watchlist, and an in-depth monthly report.
- StocksToTrade Daily Accelerator: This is my no-cost daily newsletter, filled with mindset tips, the best plays of the week, and whatever else I think needs sharing.
Conclusion
I’ve shown you the work that goes into building a watchlist…
And I hope I’ve scared you enough that you don’t take these picks as recommendations!
Trading is something you do at the same time as millions of other people. Having stock picks is as silly as taking cue cards on a date…
And it works about as well.
Your trading success doesn’t depend on any ‘secrets’ I can tell you. The only thing it depends on is you learning about your own trading style.
Treat this watchlist as a starting point. Keep on working on your own watchlists until they fit the way you trade.
What do you think about the stocks I’m watching this month? Have you traded any of them? Let me know in the comments!
*Past performance does not indicate future results