Market review from UTEX — week 33

It was a successful week for the indices: SPY rose 2.4%, while Nasdaq gained 3.7%.

Among the giants, Apple grew the most, adding 13% over the week. Big Tech announced a new $100 billion investment commitment. Apple's investments in the US have now reached $600 billion over the next four years, and the company is not threatened by 100% tariffs on chips imported into the country.

Palantir rose 21% after an excellent report, Astera Labs +36%, and Nebius +32%. Eli Lilly shares fell 18% over the week — data from trials of its new weight loss pill turned out to be worse than those of its competitor Novo Nordisk.    

Initial jobless claims rose more than expected. This is a sign of a cooling labor market, which is fueling expectations that rates will be cut in September.   

Bitcoin reached $120,000. Ethereum has already consolidated above $4,000 and reached $4,230, adding about 20% over the week.

This week, the focus will be on inflation data: CPI on Tuesday and PPI on Thursday. Reports to watch include CoreWeave, Cisco Systems, Applied Materials, Deere & Company, Circle Internet Group, China's Tencent Music, NetEase, and JD.com.

Top 5 ideas for trading this week

🟡 JD.com (JD). Report on August 14 before opening. Chinese e-commerce fell 21% in six months. The stock is at the $30 support level. If it holds that level after the report, it's a pretty good price for the mid-term.

🔴 Circle Internet Group (CRCL). Report on August 12 before opening. Recent IPO, issuer of the USDC stablecoin. The stock is quite volatile in itself, and the report may be very hot. A gap in either direction is likely.

🔴 CoreWeave (CRWV). Report on August 12 after closing. March IPO. The cloud AI platform will present its second report as a public company. It is likely to be very volatile during the day.

🟡 AST Space Mobile (ASTS). Report on August 11 after closing. The satellite developer and manufacturer has gained 138% over the year, but has slowed down over the past week, down 11% ahead of the report. Intraday trading is very difficult, and we would like to see better prices for the mid-term. If there is a downward gap, it may be worth picking up.

🔴 Oklo (OKLO). Report on August 11 after closing. The company is developing a compact fast nuclear reactor. It is expensive for the mid-term, the best prices were in April-May. Intraday trading is quite difficult, but if there are surprises in the report, there may be a powerful movement in either direction.

Trade what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Profitable deals!

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