Market review from UTEX – week 33

The uptrend persists. Giving 5 trading ideas!

The market has corrected a bit and the media and armageddonists are already panicking. But the uptrend continues in spite of everything. We are entering a relatively calm phase: the earning season is coming to an end, and the macroeconomy is stable. Sharing ideas on what to trade now!

This week's top 5 stocks

Micron Technology (MU). The chip sector is back in the game! On Monday, it was revealed that UAE investors are buying up processors to keep up with the AI hype. Followed by upgrades from investment banks, it looks like a medium-term long. 

Western Alliance (WAL). The problems of the banking sector are returning to the markets. Fitch recently threatened another credit downgrade for the entire sector. WAL is having the hardest time, so expect increased volatility.

XPeng (XPEV). Chinese electric carmaker is in our review again. The company will report for the quarter on Friday before the market opens. Expectations are high, it's going to be volatile. Recalling the rival stock from last week – LI, a longing picture is emerging. 

D.R. Horton (DHI). The idea isn't obvious, but practice shows that Warren Buffett is a great investor. His Berkshire Hathaway recently revealed its new position, home builder DHI. Given the housing price situation, it is a logical purchase. We are also looking at opening longs.

Lumentum Holdings (LITE). This stock moves well once a quarter – on a report. The results will be released on Thursday before the market opens, and analysts expect figures worse than forecasts. If the trades open with a gap down, look out for short positions during the main session.

Profitable trading to everyone!

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