Market review from UTEX – week 37

Now on Mondays! We've picked 5 of the most interesting stocks to trade.

Last week the major American indices corrected a bit. Goldman Sachs cut its prediction for the odds of a U.S. recession to 15% from 20% in the next 12 months, but investors are in no hurry to flood the market with money. Waiting for a gradual increase in the trading volume.

Top 5 stocks this week

Copart (CPRT). The online car auction organizer reports on 14 September after the close. The company is doing well and the share price has been in a steady uptrend for the past 7 years.

Oracle (ORCL). The software maker has doubled its capitalization since October 2022 and is trading at all-time highs. Expect a report today after the close. There should be a lot of volume – some investors will surely take profits, while others will open positions.

Lennar (LEN), the second largest US homebuilder by capitalization, will report on 14 September after the markets close. The construction sector is a difficult one to trade intraday, but the report day is always an exception to the rule.

Adobe (ADBE) will also release results on Thursday evening. The stock used to show year-over-year growth, but it sagged 2.5 times in 10 months last year. In September 2022, Adobe bought Figma, a service for designers, for $20 billion. A new wave of growth began in May 2023, and now the stock is near all-time highs. Expect good performance from the company.

The Walt Disney Company (DIS) and Pfizer (PFE). Both stocks have a multi-month downtrend on their charts. The prices are already attractive enough to buy, but the trend is still downward. It makes sense to put the stock in the portfolio, and if there are signs of reversal, it could be a good buy for the medium term.

Have a good trade!

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