Market review from UTEX – week 44

Last week the markets closed in the negative again, and there is no sign of a reversal yet. We see a complete discorrelation with the cryptocurrency market, which, on the contrary, showed strong growth.

On Wednesday, the Fed will announce its interest rate decision. Most market participants believe that the rate will remain unchanged this time around.

The earnings season is in full swing, volatility is high, and there is plenty of movement! 

This week's top 5 stocks

Apple (AAPL). The world's largest company will report Thursday after the close. As usual, the market is expecting AAPL to do well, and for good reason.

Estee Lauder (EL). The cosmetics maker's stock is down 50% in six months. The daily chart is very interesting: a strong move in either direction is likely, depending on the numbers in the report that will be released Wednesday before the market opens.

Qualcomm (QCOM). The wireless communications company will report Wednesday after the close. There is a very strong support level around $100–$105. If it goes below that, a sell-off could begin.

Kraft Heinz (KHC) is a food company whose stock has been in a downtrend for the last year. It may be a good mid-term buy point now, but only after Wednesday's report before the open. 

Advanced Micro Devices (AMD). The chipmaker will report on Tuesday after the close. Expect good results following Intel. 

Have a good trade, everyone!