Weekly market review from UTEX – 2

Last week's reports came into focus as expected. All the companies from our previous review performed well inside the day, especially WAL – keep an eye on it, it still has the potential to go up to $55-60. And watch Intuitive Surgical, ISRG especially closely. The guys are doing robot surgery, the numbers from their report are impressive, we expect to see $330-340.

No shocks in macroeconomics, but note the tweet about the record level of shorts in 12 (!) years. Big moves ahead!

Top 5 stocks for a busy trading week:

1. Alphabet (GOOG) – quarterly report today, after the market closes. Most likely, the news on the hype topic of AI will be expected from it. Google can't lose in this race and will almost certainly reveal its plans. The stock has been very confident since the beginning of the year, we expect the up-trend to continue into the $115-120 range.
2. Amazon (AMZN) – quarterly report on Thursday after market close. 27,000 layoffs in recent months and a strong boom in the company's new Alexa Games product should reflect well on the numbers. We can expect a rise to $115-$120.
3. Illumina (ILMN) – quarterly report today, after market close. The stock has historically moved nicely intraday. If Wednesday's opening is above $240, we will see plenty of entry points for buying.
4. O'Reilly Automotive (ORLY). Not many stocks are able to break through historic highs in the current crisis. And this auto parts store was able to :) Potentially in such stocks there are always reversal formations intraday, we'll wait for entry points for shorts.
5. Gilead Sciences (GILD) is one of the leaders in the biotechnology sector. Expectations for the report are more than good, especially for fans of technical analysis – just open the chart :) Almost all levels are worked out, we are waiting for the positions for longs.

 It is the time to deposit accounts and start trading, good luck to everyone!