Weekly market review from UTEX!
Summarizing last week's results and making plans for next week.
The last week ended well: great inflation data was released, and all major indices closed on the plus side. The big news is that the reporting season is here. Spring is historically the most active season, so get ready for volatility!
Traders' attention was fixed on banks as the situation with Silicon Valley Bank has undermined the confidence in the financial sector stocks. But J.P. Morgan and Wells Fargo reports showed that the major, not regional, banks are doing fine. JPM closed +8%!
Next week will be just as interesting. No significant macroeconomic news is expected, which is perfect – you can focus on individual stocks!
Top 5 stocks to keep an eye on this week:
- Netflix (NFLX). Its quarterly report will be released today after the market closes. Whether the company managed to attract 2 million new subscribers and whether the tariff innovations helped boost revenue, we'll find out soon!
- Western Alliance Bancorporation (WAl), one of the bent regional banks. Also waiting today for the quarterly report after the market closes. If the numbers and management comments reassure investors, it will be up.
- Tesla (TSLA). The most anticipated quarterly report comes out Wednesday. Will lower prices help boost sales? What about the company's BTC? Waiting for Elon, hopefully to make investors happy.
- Li Auto (LI). Another EV maker to keep an eye on. The company is from China, where the economy is gradually speeding up after the elimination of anti-covid restrictions. You can buy shares with a horizon of a few months. Other Chinese techs also look attractive, and you can invest via an ETF (MCHI) for convenience.
- Riot Platforms (RIOT). Most people don't know that there are quite a few blockchain companies trading on U.S. exchanges. Not tokens, but actual shares. Riot is a North American mining company with revenue and a clear business model. Since the beginning of April, it has doubled in price, and there is still potential.
Fasten your seat belts, deposit your accounts and get ready for an active week! We'll be back soon with new ideas. Have a successful trading week everyone!
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