Weekly review from UTEX

Last week was very good: S&P 500 added 2.75%, Nasdaq added more than 3%.

Let's highlight the remarkable report of Netflix (+16%), Oracle added 15% on the news about the creation of Stargate to build data centers for OpenAI. Abbott, GE Aerospace reported well, with both companies up nearly 10%.

Bitcoin has been gaining ground all week and trading above $100,000, but has now sagged to $98,800. 

On Wednesday, the Fed will announce its rate decision. There's a 99.5% chance it won't change.

Normally we would advise traders to be careful the week of the Fed meeting. But not this time. 37% of the companies in the S&P 500 will report.

Boeing, Microsoft, Meta, Tesla, ASML Holding, IBM, Apple, Visa and Mastercard, Caterpillar, Exxon Mobil and Chevron, Colgate-Palmolive, AbbVie, Intel - all in the next 5 trading sessions. So sleep well and start your work day early to review the charts and add tickers to your favorites in advance. The most “breaking” will be in premarket reviews on our telegram channel. 

One more tip – be careful in the first half hour of trading, especially if you are a beginner.

The movements are very fast and unpredictable. The market is open for 6.5 hours – you will have enough ideas, and you will definitely have time to find a pattern or an entry point during the day.

Top 5 stocks to trade this week

🟡 Boeing (BA). Report on Jan. 28 before the open. Last week there was news that Boeing lost $3.5 billion in the fourth quarter due to strikes and layoffs - a report expected to be worse than forecast. Investors ignored that news. It is very likely that the big players have already considered this option and are now focused on future performance. The stock was worth $440 in 2019, now $176. A great candidate for a mid-month portfolio. Intraday is likely to be tough, but sometimes Boeing gives off a clean move, especially if the masses want to buy in.

🟡 Intel (INTC). Report on Jan. 30 after the close. Rumors of a buyout have been persistent, yet INTC has been in the $18.50 to $26.50 range for six months. Everyone who wanted it has been given a buy. Closer to the downside, it might make sense to gain a position. But it's a troubling sign that the stock is taking so long to get into an uptrend. As if we need one more “all-cleansing bar” downward with a powerful breakdown, so that the buyers felt all the pain, the stops of small participants collected, the stock “cleared”, and then we can go up.

🔴 Meta Platforms (META). Report on Jan. 29 after the close. The company plans to invest $60–$65 billion in AI in 2025. The stock is up 40% in six months. After Tesla, which is up 88% in 6 months thanks to proximity to Trump, this is the best result in the top 7. The capitalization has reached $1.6 trillion! Some traders in the UTEX team think this is way over the top. As for the report, expect a gap and move. For fans of expensive stocks.

🟡 Polaris (PII). Report on Jan. 28 before the open. Manufacturer of motorcycles, electric motorcycles, snowmobiles, ATVs, and ATVs. Usually intraday is a mess here, even on the report. But it's down too well, down -42% for the year, you can keep an eye on it. Better to take your time waiting for the report and the reaction, but as if prices are already quite reasonable now.

🔴 Tesla (TSLA). Report on Jan. 29 after the close. One of the most traded stocks on our platform. Prices are generally disconnected from reality due to Musk's political activism. Unpredictability is in full swing. If in other stocks you can still predict something, here we can say one thing – it will be very volatile. Be careful.

Profitable trades!

[button label="Trade on UTEX" url="https://margin.utex.io/stocks-usdt/exchange?utm_medium=website&utm_source= utmedia_en&utm_campaign=post"]