Market review from UTEX — week 35

The main US indices ended the week differently: SPY gained 0.3%, while Nasdaq lost about 1%.

Among large companies, Palantir (-10%) and Advanced Micro Devices (-5%) stood out with corrections. Caterpillar grew well (+6%), but overall there were few major movements.

Everyone was waiting for Powell's speech on Friday, and his remarks were met with a positive reaction. Friday was the best day for the markets.

Bitcoin lost 3.5% in seven days and is now trading at $110,900. Ethereum gained 6.5%. On Sunday, a BTC whale sold 22,000 BTC and bought 473,000 ETH on the decentralized exchange Hyperliquid.

On Thursday, preliminary data on US GDP for the second quarter will be released, and on Friday, consumer inflation for July (PCE Price Index) will be released.

The most anticipated event of the week is NVIDIA's earnings on Wednesday after the market closes. The company has firmly established itself in first place by capitalization and could pull even further ahead of Microsoft on a strong report. Other interesting reports: Dell Technologies, Alibaba, CrowdStrike, Snowflake, Okta, Li Auto, Autodesk.

Top 5 ideas for trading this week

🟡 Okta (OKTA). Report on August 26 after closing. Strong support level at $85–$90. If it holds after the report, then potentially a good mid-term.  

🔴 Snowflake (SNOW). Report on August 27 after closing. Usually, after the report, there is both a gap and intraday movement. For those who like volatile, expensive stocks.

🟡 BILL Holdings (BILL). Report on August 27 after closing. Since January 2025, the stock has fallen from $100 to $37. Recently, a support level has emerged in the $37–$40 range. You can try the mid-term, but it is better to wait for the report. Weak results could cause a sharp decline.

🔴 Alibaba (BABA). Report on August 29 before opening. Since the beginning of the year, the company's stock has grown from $80 to almost $150, rolled back to $95, settled in the range of $120, and seems to be forming a base for a new wave of growth. But Chinese companies are always tricky: volatility can be very high, and pullbacks can be very deep. They rarely enter a long uptrend, which makes investors nervous.

🟡 Intel (INTC). Recently, there has been positive news surrounding the company. The US government bought a 10% stake at $20.47 per share. Trump called it a great American company with an even more incredible future. SoftBank announced that it would invest $2 billion in Intel. Don't expect rapid movement, but if an uptrend emerges, the potential is not bad. More likely long term.

Choose what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Profitable deals!

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