Market review from UTEX — week 13

After four weeks of decline, indices finally closed in a symbolic plus: Nasdaq and SPY added 0.2% each.

Roku stock stood out, adding 15% on news of the Truth Social app launch. Robinhood bounced 13% after falling. Boeing +10% after Trump's announcement that the company will receive a contract to develop the sixth-generation F-47 stealth fighter.

Bitcoin has been consolidating around the $85,000 mark all week, there were no special growth attempts, but it never went below $80,000 either. Bitcoin is currently trading at $87,500.

On Thursday, Q4 GDP data will be released, and on Friday the Fed's favored measure of inflation PCE will be released.

For the month, Tesla lost 30%, NVIDIA -16%, Broadcom -15%, META -14%, Amazon -12%, Apple -11%, Alphabet -10%. The fall has paused, and at first glance, the prices are already interesting enough to buy, but investors are not in a hurry yet.

Top 5 stocks to trade this week

🔴 Oklo (OKLO). Report on March 24 after the close. The company designs and develops nuclear power plants. Actively signing agreements to supply electricity for data centers. Price was up to almost $60 in February, now trading at $27. It is not at all clear whether there will be a new wave of growth — the stock is characterized by high volatility. You can try mid-term trading from these levels, but do not forget about the risks.

🟡 GameStop (GME). Report on March 25 after the close. As always, total unpredictability. Anything can happen, including the possibility that nothing happens at all. 

🔴 Lululemon Athletica (LULU). Report on March 27 after closing. Sportswear retailer. Could gap up either way after the report and still make a nice move intraday. For lovers of expensive stocks.

🟡 Dollar Tree (DLTR). Report on March 26 before the open. The ”everything for a dollar” stores. Their main competitor Dollar General reported well on March 13, beating expectations on earnings per share and revenue. Prices are at yearly lows. The ticker may move well intraday after the report, other days are better not to waste your time.

🔴 SailPoint (SAIL). Report on March 26 before the open. A cybersecurity company that had its IPO on Feb. 13. This will be SailPoint's first report as a public company, so expect high volatility. 

Trade what works best for you:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Profitable trades!

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