Top 5 Stocks for July: Momentum-Driven Picks to Watch Now

Core Insights - The article discusses several stocks that are expected to perform well in July, highlighting their momentum-driven price movements and positive outlooks for growth and cash flow [1] Group 1: Zscaler - Zscaler is noted as the most upgraded stock from Q1, with its cloud-native SaaS cybersecurity services aiding small and medium-sized businesses [1] - The company reported solid growth in the low 20% range, margin strength, and impressive guidance, prompting analysts to raise their forecasts [1][2] - The stock has seen a robust market response, with an approximately 85% gain from recent lows, indicating potential for further price increases [3][4] Group 2: Snowflake - Snowflake's FQ1 earnings report indicates strong business momentum and a sustained outlook for over 20% revenue growth [6][8] - Despite some downgrades, the overall analyst sentiment remains positive, leading to a solid Buy rating and rising consensus price target [7] - The stock is expected to break out of its long-term trading range, with a potential target near $350 by 2026 [8] Group 3: Dave & Buster's - Dave & Buster's is actively working on a business turnaround, with Q1 results showing sequential improvement and an optimistic outlook for growth and profitability [12][13] - Analysts have responded positively, with multiple price target increases following the FQ1 results, indicating a potential 25% gain [13] - The stock is approaching critical resistance levels, with expectations of reaching $40, which could trigger further inflows [14][15] Group 4: Oracle - Oracle has successfully transitioned into the cloud, with its cloud business thriving and expected to see substantial growth in 2026 [18][19] - The company is generating robust cash flow, which is being used for dividends and share buybacks [19] - Analyst trends are positive, with increased coverage and price target revisions suggesting potential for the stock to exceed $300 soon [20] Group 5: Advanced Micro Devices - Advanced Micro Devices is experiencing a rebound driven by AI, with expectations of nearly 40% top-line growth in Q2 [22][23] - The company is positioned for significant market share gains with the upcoming launch of the MI400 product [24] - Analysts have shown strong support through price target increases, indicating potential for a 40% upside [25]