Market review from UTEX – week 9

The main U.S. indices closed the week in the negative zone: SPY lost 1.5%, Nasdaq almost 2%. Almost all the negative result was on Friday, which is becoming a tradition with Trump.

Among the declines, PLTR (-14%) on news of Pentagon budget cuts and Unitedhealth Group (-12%) on news of the DOJ investigation into Medicare accounts. Alibaba Group (+20%) posted strong gains on the report.

Bitcoin remained at the same levels as a week ago – consolidating around $95,000.

The earnings season is coming to an end. On Wednesday after the close, the most anticipated event will be the NVIDIA report. We'll also highlight Salesforce, Dell Technologies, Home Depot, and Intuit.

Top 5 ideas for trading this week

Dell Technologies (DELL). Report on Feb. 27 after the close. A nice support has formed in the stock at $100, the stock was up to $180 in June, there is potential.

SoundHound AI (SOUN). Report on Feb. 27 after the close. One of the most speculative stocks of the last three months. Rallied from $5 to $24, now back to $10. NVIDIA sold off their stake in the company, but there is a high probability that there could be a strong move either way after the report.

Hims & Hers Health (HIMS). Report on Feb. 24 after the close. Another super speculative story. Over the past month, the stock went from $30 to $70. But fell as much as 25% on Friday amid news that there is no longer a supply shortage of the best-selling weight-loss and diabetes drugs in the U.S. – Wegovy and Ozempic. Volatility in stocks is high, there is sure to be intraday movement after the report.

DigitalOcean (DOCN). Report  on Feb. 25 before the open. Cloud provider, IPO 2021. Price reached as high as $130 in 2022, then hit a downturn, with the stock sagging to $20 by the end of 2023. The last year has settled in the $25-$45 range. Might as well give it a shot at the mid-term. 

Snowflake (SNOW). Report on Feb. 26 after the close. Don't suggest mid-term, the best entry prices were from September to December 2024. But intraday a strong move or gap is very likely.

Profitable trades!

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