Market review from UTEX — week 47

Last week, major U.S. indices showed little change, with the Nasdaq falling 0.14% and SPY rising 0.14%. But the week was volatile — markets rose Monday through Wednesday, sharply fell Thursday, dropped further in Friday's premarket, and then bounced back during regular trading.

Top gainers among large companies included Cisco Systems (+10%) after its earnings report and Eli Lilly and Company (+11%), the stock reached an all-time high. Top losers were Alibaba Group Holding Limited (-7%), Oracle Corporation (-7%), and Tesla (-6%).

Bitcoin dropped 10% over seven days. According to CryptoQuant, long-term holders sold 815,000 BTC over the past 30 days — the highest sales since January 2024. Ethereum lost 13% over the week.

The longest U.S. government shutdown in history ended on November 13 after 43 days. Investors anticipate a flood of disappointing U.S. economic data.

NVIDIA, the world's most valuable company, is scheduled to report earnings on Wednesday after market close. Recent market volatility stems from concerns about AI company valuations. NVIDIA's last report beat expectations and reassured investors about sustained demand for AI technologies.

Other notable earnings reports this week include Home Depot, PDD Holdings, Medtronic, Baidu, Palo Alto Networks, Target Corporation, Walmart, and Intuit.

Top ideas for trading this week

🔴 Klarna (KLAR). Report on November 18 after market close. This is Klarna’s first report as a public company and is especially interesting. The stock of the Swedish fintech remains in a downtrend since the IPO.

🟡 Target (TGT). Report on November 19 before market open. One of the largest hypermarket chains in the U.S. Since April, support has formed around $85. If this level holds, it could be worth considering for the mid-term.

🔴 Coinbase (COIN), Strategy (MSTR), MARA Holdings (MARA) and other cryptocurrency-related companies. Bitcoin is holding firmly below $100,000, suggesting heightened volatility in these stocks.

🔴 Bullish (BLSH). Earnings report on November 19 before market open. This cryptocurrency exchange went public on August 13. Bullish also owns CoinDesk, a data platform for cryptocurrency prices. Stocks fell about 40% over the quarter, and strong intraday moves are expected. It’s very risky to buy for the mid-term currently. Most recent large IPOs are down, and Bullish is no exception. The bottom is uncertain.

🔴 Quantum Computing (QUBT), Rigetti Computing (RGTI), D-Wave Quantum (QBTS). Quantum computing companies lost an average of 20–25% last week and more than 40% over the month. Their price movements are similar. They might rebound or fall further. Volatility in this sector is currently much higher than the overall market average.

Choose what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Profitable deals!

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