July promotions historically boost stocks, here are the companies and ETFs to watch – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

Some retail and technology stocks typically perform well in July as companies run promotions. events during the summer.

• Retail Giant Amazon.com, Inc. AMZN, which has a Prime Day sale in mid-July, gained in the last two months of July after falling in July 2021 and July 2020.
• THE Home Depot Inc. HD, the world’s largest home improvement retailer, which holds annual Fourth of July sales, has made gains in the last four months of July.
• Apple Inc. AAPL has advanced in the last three months of July out of four as the company nears the fall announcement of the latest iPhone.
• Microsoft Corporation MSFT has seen its stock rise in two of the last four Julys, months when it typically holds game sales.

Read also : Apple eyes new growth on extended smartphone replacement cycle, strategic pricing: analyst

ETFs that performed strongly in July due to historical trends and sector strengths include Spying on the SPDR S&P 500 exchange-traded fundwhich follows the S&P 500 index, and the Invesco QQQ Trustwhich tracks the technology-heavy Nasdaq Composite Index.

THE SPDR S&P 500 Exchange Traded Fund (SPY) and the Invesco QQQ Trust both increased over the past four months of July and have been rising since the start of this month.

Emails to analysts covering Amazon, Home Depot, Apple and Microsoft did not immediately receive a response.

Price action: Amazon rose 1.41% to $199.97 in late afternoon trading Tuesday; Apple rose 1.34% to $219.66; Microsoft gained 0.46% to $458.81; and Home Depot fell 0.39% to $334.87.

Amazon, Apple and Microsoft all gained in the first two days of July, while Home Depot fell.

THE SPDR S&P 500 EFT SPY gained 0.47% while the Invesco QQQ Trust jumped 0.90%.

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