Market review from UTEX — week 17

The third consecutive exceptionally strong week for the US market, with indices at all-time highs: SPY +4.5%, Nasdaq +6.18%.

The Middle East conflict has shifted from a hot phase to a negotiation stage. Despite ongoing disagreements, nearly all sectors showed solid gains. Oracle +26%, Tesla +14%, Palantir +14%, Microsoft +14%, AMD +13%. The only notable decline was Netflix, which lost 5% after a good report — investors were disappointed by the departure of its founder, Reed Hastings.

Bitcoin, meanwhile, also rose 5% for the week, currently trading at $75,100. Ethereum gained 4%, reaching $2,300.

The conflict is affecting oil prices, inflation, and consumer spending. US retail sales data for March will be released on Tuesday.

Earnings season is picking up steam. On Wednesday after the close, Tesla will be the first of the “Magnificent Seven” to report its results and, potentially, provide guidance on the Terafab AI chip megafactory. Also reporting this week are GE Aerospace, UnitedHealth, Lam Research, IBM, Intel, Procter & Gamble, and Boeing.

Top ideas for trading this week

🔴 UnitedHealth Group (UNH). Report due April 21 before market open. Stocks of the health insurer fell sharply in 2025 due to an investigation into United's insurance billing practices, rising healthcare costs, and unexpected management changes. However, higher Medicare Advantage rates are fueling optimism. In April, UNH received several upgrades from investment houses. Given that stocks were trading at $600 a year ago, upside potential remains.

🔴 Tesla (TSLA). Report due April 22 after market close. As always, extremely unpredictable and volatile. Electric vehicle sales have been sluggish, so the company is trying to transform into a high technology specialist. Musk announced that Tesla has completed development of a new chip and brought Intel on board as a partner for its Terafab project. Tesla, SpaceX, and xAI will jointly build the world's largest chip manufacturing plant. According to Musk's vision, compact satellites will act as orbital data centers powered by the sun. “We’re building TERAFAB to close the gap between today’s chip production & the future’s demand – a future among the stars,” Tesla stated.

🔴 Intel (INTC). Report due April 23 after market close. The American chipmaker has gained 260% over the year and 52% over the month. Volatility has increased significantly, with a lot of 'air' in the stock. Expect strong intraday moves after the report.

🔴 ServiceNow (NOW). Report due April 22 after market close. The company provides enterprise cloud solutions for workflow automation, machine learning, robotics, and analytics. The stock has fallen 46% over six months, largely due to questionable concerns about AI. Current levels are already quite attractive for the mid-term, but it's better to wait for the report and the company's guidance.

🔴 Quantum companies: IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS). These stocks suddenly came to life and rose 50-60% last week. Nvidia's open-source Ising quantum AI models sparked a rally in the sector that could continue.

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