Market review from UTEX — week 43

The market remains volatile after the October 10 drop, when Trump announced 100% tariffs on China effective November 1. Over five trading sessions, indexes fluctuated in different directions. In the end, SPY gained 1.74% for the week, Nasdaq 2.45%, though at times the market seemed on the edge of sell-offs.

On Friday, Trump softened his rhetoric, saying such tariffs cannot last long. He expects a fair deal at his meeting with Xi Jinping in South Korea in two weeks.

Top gainers: Micron Technology (+11% for the week, up 78% for the quarter), ASML Holding (+10%) after its report, Advanced Micro Devices (+8% and +47% monthly).

Among the declines, Astera Labs fell 22% amid AMD-Oracle AI deals. Astera’s PCIe-based solutions may face rising competition. Nebius Group corrected 12% from its highs, but still gained 426% over six months.

Bitcoin lost 3.5% over seven days and is now trading around $111 000. Ethereum dropped 3%, currently around $4000.

Earnings season started strong, with most reporting companies beating earnings per share and revenue estimates. This week’s highlights include reports from Netflix, GE Aerospace, Coca-Cola, Tesla, IBM, Intel, and Procter & Gamble.

Top 5 ideas for trading this week

🟡 Intel (INTC). Report on October 23 after market close. Many events have happened at the company since August. SoftBank invested $2 billion in Intel, the US government bought 10% of the company, and NVIDIA invested $5 billion. All this occurred at great prices, before the main upward move. Afterward, Intel offered its stocks to Apple, Amazon, and TSMC. As a result, INTC rose 59% for the quarter. It’s a bit late for midterm buying now. Expect elevated intraday volatility.

🔴 Netflix (NFLX). Report on October 21 after market close. Since the start of the year, the stock lacked strong moves and large gaps after earnings, which is unusual for the company. Probably we will see something interesting this time. Elon Musk has recently been actively criticizing Netflix and urging subscription cancellations. For lovers of expensive, volatile stocks.

🔴 Tesla (TSLA). Report on October 22 after market close. Musk may provide details about the company’s high-tech products beyond electric cars — robotaxis, Optimus robots, and autonomous driving technology. As always, extremely unpredictable and volatile.

🔴 Deckers Outdoor (DECK). Report on October 23 after market close. The manufacturer of UGG and Hoka footwear fell from $220 to $94 per share from February to April. A support level was formed at the recent price, which the stock hasn’t broken for six months. On one hand, prices are good for the midterm; on the other, dropping below support would be painful. Best to wait for the report. Currently trading very close to the level.

🟡 Newmont (NEM). Report on October 23 after market close. Gold, copper, silver, lead, and zinc miner with mines worldwide. Since our recommendation in February, the stock has doubled. The gold price hysteria and queuing for bars can’t last forever. A correction soon is possible, but it’s worth adding to the watchlist.

Choose what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Profitable deals!

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