Weekly market review from UTEX – week 29
The market is not going to stop! 5 ideas for trading.
The key American indices – S&P 500, NASDAQ 100, Dow Jones – are near historic highs, with only a few percent left. And this is just the beginning of the earning season.
Against the current macroeconomic backdrop, retailers are worth paying attention to. And, of course, we are waiting for figures from tech giants. Chances are the market will soar on them.
This week's top 5 stocks
Tesla (TSLA). Elon Musk will share its quarterly results on Wednesday before the market opens. On the report day, trading is likely to be difficult. But on the second and third day, we can get into the trend and go to $330+.
Netflix (NFLX) will also report on Wednesday. The main intrigue, as usual, is around the number of new subscribers. The company reported +1.8 million in the last report and is expected to report +1.6 million in this one. Against that backdrop, the stock could head toward the important $500 level.
Johnson & Johnson (JNJ). The paper is not the most volatile, but strong overbought and expectations of a failed report lead to a correction. The stock could test the $150 support level.
Intuitive Surgical (ISRG). Our favorite is reporting on Thursday – the company is a good one, and it is always a gift for traders. We won't guess the price, there are all chances to break through the all time high. Increased volatility, remember about stops!
Crypto (ETH). While there is plenty of volatility in the stock market right now, let's not forget about crypto projects. Ripple's victory over the SEC in court is just the beginning of crypto's revival as an asset we've been used to. BTC, ETH, XRP, MATIC are on the radar.
Successful trading, everyone!
