Weekly market review from UTEX – week 19

The reporting season has come to a successful end, but stocks have just warmed up – trading in a rising market is a pleasure. Almost all of the positive news in stocks is easily traded: PLTR, FSLR, RIVN and lots more. What's happening is more reminiscent of altcoin season: the big techs have performed well, and the rest are quick to catch up. It looks like this is just the beginning.

As far as economic data is concerned, Tuesday is the most important this week: the retail sales figures are to be released and there will be clarity regarding the debt ceiling after Biden's meeting with the congressmen. As for the rest, the market is turning to summer mode, but that's no reason to be relaxed.

Top stocks to trade this week

• Sarepta (SRPT) – the stock has received long-awaited approval from the FDA. Their muscular dystrophy medication is unparalleled. Expect to see further growth to 200+.
• First Solar (FSLR) – solar panel maker acquires a competitor in Europe. Up 25% on Friday, last seen in 2013. Expect consolidation at current levels and look for entry points with potential in the $300 area.
• Shake Shack (SHAK) – the fast food chain is in a battle for board seats. This may be about preparing to buy the company out of the market. The potential remains up to levels in the $80-$90 range.
• Intuitive Surgical (ISRG) – we wrote about this ultra-innovative robotic surgery company after their quarterly report was released. The stock has consolidated nicely and is about to go beyond historical highs to $350.
• Take-Two Interactive (TTWO) is one of the few reports worth paying attention to this week. The company is from the video game sector, which, like cybersecurity, could add quite a bit in the coming months. We recommend getting into this position only after the report on Wednesday after the market closes. Targeting a long position and moving into the $140-$150 range.

See you on UTEX, successful trading to all!