The second half of the year kicks off with a holiday-shortened week, though jobs data comes at the end of it. That\u2019s as Tesla may have lit a firecracker for tech with some pretty bullish sales numbers out Sunday.<\/p>\n
\u201cCan tech keep up the pace?\u201d is a burning question for many with regards to a sector that helped drive the S&P 500 So naturally, another obvious question looking ahead is how to find outperformers like the so-called \u201cMagnificent Seven\u201d tech names that led the first half \u2014 Amazon Our call of the day<\/strong>, from a team at Goldman Sachs led by chief U.S. equity strategist David Kostin, offers up some ideas on that front and spoiler, Tesla is among them.<\/p>\n To find the new names, Goldman spiffed up its \u201cRule of 10\u201d stock screen that pinpoints companies with realized and future sales growth greater than 10% for 2021 to 2025. They note that strong sales growth has been a common thread running through each of those names, as each have grown sales at a faster rate than the broader index since 2010, except 2022. <\/p>\n \u201cThe largest tech stocks in the U.S. equity market make it clear that identifying firms capable of posting sustained 10%+ sales growth in their nascent stages can be rewarding for investors. Rapid and consistent sales growth was a common attribute of today\u2019s largest stocks as they ascended the index ranks,\u201d said Kostin and the team.<\/p>\n Roughly 20 names meet this criteria and among them is one of those big tech outperformers \u2014 Tesla. Salesforce Goldman also presented a screener for stocks based on net income growth. Those must have more than 10% per year net income growth for the 2021 to 2025 period. <\/p>\n Currently 18 names fit this criteria and are trading at below average premiums to the S&P on a price\/earnings and price to earnings growth ratio, they say. The top 10 are Baker Hughes And eight companies are on both lists: Paycom, Fortinet, Insulet, Salesforce, Intuit, Cadence Design Systems As an aside, Kostin and the team address the whole narrow market issue, saying that in any given year, returns have been concentrated on a group of outperformers. Observe the below chart:<\/p>\n \u201cExcluding the top 10 contributors in each year, the S&P 500 would have delivered an 8% average annual return since 1990 (vs. 12% for the full index),\u201d they said. The top 10 contributors account for roughly 12 percentage points of the S&P 500\u2019s 15% year-to-date return.<\/p>\n It will be a shortened session for Wall Street ahead of Tuesday\u2019s 4th of July holiday. Ahead of that, the S&P 500 For more market updates plus actionable trade ideas for stocks, options and crypto,\u00a0subscribe to\u00a0MarketDiem by Investor\u2019s Business Daily.<\/strong><\/p>\n Tesla Upbeat delivery data has also lifted shares of XPeng Shares of Fidelity National Information Services Apple A holiday shortened week will finish with the June jobs report on Friday. The week begins with the S&P U.S. manufacturing purchasing managers index at 9:45 a.m., followed by the Institute for Supply Management\u2019s manufacturing index at 10 a.m. and construction spending on Monday. Other highlights include minutes of the Fed\u2019s June meeting on Wednesday and the ISM services index on Thursday. <\/p>\n A private gauge for China\u2019s factory activity showed slightly lower activity in June. <\/p>\n It was a lukewarm weekending opening for Walt Disney The grandmother of a slain French teen has pleaded for calm after a fifth night of riots in France. The government says social media has fueled the unrest.<\/p>\n These are your options if you can\u2019t pay back your student loans when payments start up again.<\/p>\n Leveraged-loan logjam eases after banks unload tens of billions of debt. <\/p>\n Carmakers are getting into the mining business.<\/p>\n Here\u2019s a chart from head of @topdowncharts, Callum Thomas, looking at some residential property values that are starting to roll over a bit:<\/p>\n These were the top-searched tickers on MarketWatch as of 6 a.m.:<\/p>\n It\u2019s no joke. Elon Musk and Mark Zuckerberg may really get in a cage and fight.<\/p>\n Fed up with the U.K., the Orkey Islands want to be part of Norway. <\/p>\n
\n SPX,
\n
\n to its best first half since 2019. On the plus side, history dictates that one good half can lead to another, though some worry too much investor exuberance could spoil things. <\/p>\n
\n AMZN,
\n
\n Microsoft
\n MSFT,
\n
\n Alphabet
\n GOOGL,
\n
\n Meta
\n META,
\n
\n Tesla
\n TSLA,
\n
\n and Nvidia
\n NVDA,
\n
\n CRM,
\n
\n has consistently made the cut, said Goldman. The top 10 names on this list are Enphase Energy
\n ENPH,
\n
\n Tesla, SolarEdge
\n SEDG,
\n
\n Palo Alto Networks
\n PANW,
\n
\n ServiceNow
\n NOW,
\n
\n Paycom Software
\n PAYC,
\n
\n Fortinet
\n FTNT,
\n
\n DexCom
\n DXCM,
\n
\n and Insulet
\n PODD,
\n
\n BKR,
\n
\n Match Group
\n MTCH,
\n
\n Insulet , Aptiv, Bookings Holdings
\n BKNG,
\n
\n ServiceNow, Schlumberger
\n SLB,
\n
\n Chipotle
\n CMG,
\n
\n Paycom and Halliburton
\n HAL,
\n
\n CDNS,
\n
\n and Aptiv.<\/p>\nThe market<\/h2>\n
\n SPX,
\n
\n and Dow industrials
\n DJIA,
\n
\n are lower, while the Nasdaq is up modestly, while bond yields
\n TMUBMUSD10Y,
\n
\n were mildly mixed. Oil prices
\n CL.1,
\n
\n got a lift after Saudi Arabia and Russia said they would extend oil production cuts into August. Asia had a strong session, led by a 1.7% gain for the Hang Seng
\n HSI,
\n The buzz<\/h2>\n
\n TSLA,
\n
\n delivered 466,140 vehicles in the second quarter, surpassing estimates as the EV maker boosted dividends and incentives. That should \u201cbeat the bears back into hibernation,\u201d says Wedbush analyst Dan Ives. The stock is up over 6% early Monday.<\/p>\n
\n XPEV,
\n
\n and Nio
\n NIO,
\n
\n by 10% and 6%, respectively.<\/p>\n
\n FIS,
\n
\n also surged 6% after a report late last week cited private-equity interest\u00a0in buying a possible majority stake in the company\u2019s Worldpay business.\u00a0<\/p>\n
\n AAPL,
\n
\n has reportedly slashed its production targets for its pricey Vision Pro headset, as components makers are struggling with its complicated design. The report comes as Apple closed above a $3 trillion valuation on Friday.<\/p>\n
\n DIS,
\n
\n and Lucasfilm\u2019s \u201cIndiana Jones and the Dial of Destiny.\u201d<\/p>\nBest of the web<\/h2>\n
The chart<\/h2>\n
Top tickers<\/h2>\n
\n
\n \n Ticker<\/p>\n<\/td>\n \n Security name<\/p>\n<\/td>\n<\/tr>\n \n \n TSLA,
\n \n Tesla<\/p>\n<\/td>\n<\/tr>\n \n \n NIO,
\n \n Nio<\/p>\n<\/td>\n<\/tr>\n \n \n AAPL,
\n \n Apple<\/p>\n<\/td>\n<\/tr>\n \n \n NVDA,
\n \n Nvidia<\/p>\n<\/td>\n<\/tr>\n \n \n GME,
\n \n GameStop<\/p>\n<\/td>\n<\/tr>\n \n \n MULN,
\n \n Mullen Automotive<\/p>\n<\/td>\n<\/tr>\n \n \n AMC,
\n \n AMC Entertainment<\/p>\n<\/td>\n<\/tr>\n \n \n AMZN,
\n \n Amazon.com<\/p>\n<\/td>\n<\/tr>\n \n \n PLTR,
\n \n Palantir Technologies<\/p>\n<\/td>\n<\/tr>\n \n \n TOP,
\n \n TOP Financial Group<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Random reads<\/h2>\n