Market review from UTEX – week 6

Last week saw DeepSeek and weak bigtech reports. Markets closed in the negative: SPY -1%, Nasdaq down almost 1.5%. Mostly credit to Trump: on Friday, he announced he was imposing 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China. 

The new tariffs will affect 48% of U.S. imports – food, electronics, automobiles, fuel and online retail are all hit. Crypto collapsed, Asian indices, US index futures all sagged. Such moves will probably become commonplace over the next 4 years.  

The main casualties of the DeepSeek news were NVIDIA (-15%), Broadcom (-10%) and Oracle (-7%). IBM (+13%) and Alibaba (+10%) surprised with their reports.

The Fed, as expected, kept the rate at 4.25-4.50%. Powell said unemployment has stabilized and he now calls the labor market “resilient” instead of “softening”. This Friday's employment report will show if he's right. 

Bitcoin is below $100,000, now at $95,500.

Last week was the peak of the earnings season, but there will be a lot of interest in this week as well. Palantir will report after the close today. We are also expecting Google, Disney, Amazon and Eli Lilly in the coming days.

Top 6 ideas for trading this week

🟡 Palantir Technologies (PLTR). Report on Jan. 3 after the close. Jim Cramer himself said that Palantir will continue to grow. After a statement like that, all analysts are powerless. Do we wait for a drawdown and buy? Or is this the end of the company?

🟡 Walt Disney (DIS). Report on Feb. 5 before the open. Already hinted before previous reports: prices are good, should be taken at $85–$100 in your portfolio. Now $113, but that's okay too, historical high is $203.

🟡 Uber Technologies (UBER). Report on Feb. 5 before the open. Support $60, there's a good chance to go higher.

🔴 MicroStrategy (MSTR). Report on Feb. 5 after the close. It makes sense to add to Favs  COIN and MARA right away, there will almost certainly be movement.

🟡 Roblox (RBLX). Report on Feb. 6 before the open. Post facto you look at the chart, what good prices were given, at $25-$30, even $40. The chart is like “flight of the bumblebee” but if something goes wrong and there is a gap down, you can pick up. 

🔴 Advanced Micro Devices (AMD). Report on Feb. 4 before the open. The chipmaker's stock has folded 50% since May 2024. It looks like prices are already very good, but the chart has no hints of buying yet. It's better to wait for the report. If it doesn't drop, then you can look closer to buying.

Trade what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Trade well!

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