Weekly market review from UTEX – week 25

As we expected, the markets were prepared for no rate hike: the main indices are in the plus again by the end of last week. We note a bit of activity decline in stocks – summer reporting season is around the corner and many have taken a wait-and-see attitude.  

The week is a short one in the USA. On Monday America celebrated Juneteenth, and the stock exchanges were closed. Then there is nothing on the radar either – news silence. 

Top 5 stocks of the week:

Alibaba (BABA). The company has big news: the CEO is stepping down. This is probably due to a business split, but in China the reasons are not always obvious. Watching the stock closely, we can already see a slight decline on the premarket.

Winnebago (WGO) is, well, a really cool company that makes motor homes. Winnebago will release a report Wednesday before the market opens. There is every chance of a $70 breakout.

Cava Group (CAVA). It would seem to be a mammoth or a dinosaur by now, but no – it's a fresh IPO. Based on the first few days of trading, there is interest in the stock and volatility will be high.

FactSet Research (FDS) will share last quarter's results on Thursday. Analysts' expectations are still divergent, but the daily chart shows an excellent set-up for a long to $430+. 

Applied Optoelectronics (AAOI). A stock for pump lovers that has soared three times in the last couple of weeks. This may just be the beginning!

Profitable trades to all!