Market review from UTEX — week 27

An excellent week for US markets: SPY +3.5%, Nasdaq added 4%. Indices consolidated above their historical highs.

Chipmaker stocks outperformed the rest. Advanced Micro Devices +12% for the week and +35% for the quarter, NVIDIA +10%, Taiwan Semiconductor +9%.

Bitcoin also returned to growth after falling below $100,000 at the beginning of last week. BTC is currently trading at $107 300.

Trump announced the signing of a trade agreement with China and refused to engage in trade negotiations with Canada, which imposed taxes on digital services for American companies. Today it became known that Canada has canceled the introduction of this tax. 

On Tuesday, Jerome Powell will speak at the ECB's annual forum. He recently stated that the impact of tariffs will be less dramatic than predicted in April, but he expects inflationary consequences. According to The Wall Street Journal, Trump, who is dissatisfied with Powell, may name the next Fed chair in advance, in September-October. Powell's term as Fed chair expires in May 2026.

This week will be a short one. On Friday, July 4, America celebrates Independence Day. The stock exchanges will be closed, and on Thursday, the NYSE and NASDAQ will close three hours early, at 1:00 PM EST.

Top 10 ideas for trading this week

With very few reports coming out, we have selected the ten hottest stocks on the market for intraday trading.

Aeva Technologies (AEVA). Develops and manufactures LiDAR sensors and software for them. The company's sensors are used, for example, for automated driving in passenger and commercial vehicles. Aeva's shares rose 111% in a month, 471% in a quarter, 731% in six months, and 1340% in a year. Take a look at the daily chart — it's out of this world! The company's market capitalization is still $2 billion. Take note.

Circle Internet Group (CRCL). The USDC issuer is showing excellent volatility and is not going to slow down anytime soon.

AeroVironment (AVAV). The drone manufacturer shot up 46% in the week after its report. This stock has a lot of “air” in it. Very likely to continue moving strongly this week.

Two companies from the nuclear energy sector: NuScale Power Corporation (SMR), +137% for the quarter; Oklo (OKLO), +131% for the quarter.

Nebius Group (NBIS). The company is building an AI platform focused on intensive workloads, with its own data centers and cloud. It grew 104% over the quarter.

Avis Budget Group (CAR). Car rental company. From mid-2023, it fell from $230 to $60, but grew by 134% over the last quarter.

Dave (DAVE). A digital bank with a mobile app. Plus 182% for the quarter, 595% for the year, with a market cap of just over $3 billion.

AST Space Mobile (ASTS). A satellite developer and manufacturer that grew 99% over the month.

CoreWeave (CRWV). The company provides cloud infrastructure for graphics processing units (GPUs) to enterprises and AI developers. Since the beginning of May, shares have risen from $40 to $187, but have now fallen back to $160. Intraday volatility is high.

Profitable trades!

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