Market review from UTEX — week 8

The market closed the shortened week in positive territory: SPY rose 0.7%, and the Nasdaq gained 1.5%. The week's leaders were Applied Materials (+14%), GE Aerospace (+9%), and Amazon (+5%). The laggards for the week: Walmart (−8%), Oracle (−5%), and Intel (−5%). Bitcoin lost 2% over the seven days, and is currently trading at the $66,200 mark.

Friday was the busiest day in the market. Disappointing GDP data was released: in the fourth quarter of 2025, the U.S. economy grew only 1.4% (compared to 4.4% in the third quarter). The core PCE, the Fed's primary inflation gauge, increased by 3% in December (up from +2.8% the previous month).

Also on Friday, the Supreme Court ruled that the tariffs imposed by Trump last year on most of America's trading partners were illegal. The justices determined that the president exceeded his authority by using emergency measures to implement the import duties.

“I'm ashamed of certain members of the court — absolutely ashamed — for not ⁠having the courage to do what's right for our country,” Donald Trump said. A few hours later, he signed an executive order canceling the existing tariffs and introducing new 15% duties effective February 24th. There was no market drama following the announcement; by the end of Friday, indices were actually up an average of 0.7–0.8%.

The most anticipated event of this week is Nvidia's earnings report on Wednesday, February 25th, after the close. Other interesting reports are due from: Salesforce, Intuit, Home Depot, American Tower, TJX Companies, Lowe's, Dell Technologies, and Snowflake.

Top trading ideas for this week

🔴 Rocket Lab (RKLB). Reports on February 26th after the close. Stocks related to the space sector have been moving quite sharply recently. Over the past month, a downward trend has emerged in the sector, with RKLB, ASTS, PL, and FLY falling between 10% and 30%. Expect increased volatility.

🔴 Snowflake (SNOW). Reports on February 25th after the close. A provider of software for data warehousing, processing, and analytics. Following the last three earnings reports, there was a strong gap and good intraday movement. There is a high probability that this will be the case again.

🔴 Dell Technologies (DELL). Reports on February 26th after the close. Since November, the stock has fallen from $168 to $110, where it found support. Over the last month, DELL has been consolidating in the $110–$120 range. If the level holds after the report, it could turn into a decent mid-term play.

🔴 Circle Internet Group (CRCL). Reports on February 25th before the open. The issuer of the USDC stablecoin, which is pegged to the U.S. dollar. Following its IPO in June 2025, the price reached nearly $300, but the stock has been falling ever since. Over the past six months, the stock is down 54%. On February 11th, CRCL hit $49.90. Since then, the stock has been trying to reverse, but the bottom may not have been reached yet. It makes sense to wait for the report, the company's guidance, and comments from management.

🔴 CoreWeave (CRWV). Reports on February 26th after the close. A data center operator. The prices might look good for a mid-term position, but lately all AI-related stocks have been behaving extremely unpredictably around earnings. The nearest support level is a bit far off, in the $65–$70 range.

🔴 High risk — for pros.

Profitable deals!

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