Market review from UTEX — week 28

Major US indices continue to rise, updating historical highs. Despite the shortened working week, SPY managed to gain 2.2%, and Nasdaq — 1.83%. 

Oracle, which reported on June 11, has not stopped yet: +11% for the week and already +62% for the quarter. Apple grew by 6%, while Palantir corrected by 6%.

On Thursday, labor market data was released, which was better than expected. The unemployment rate fell from 4.2% to 4.1%, with a forecast of 4.3%.

On Wednesday, July 9, the 90-day truce on mutual tariffs between the US and countries other than China will end. Trump said that Washington will send out notifications about new tariffs. They will take effect on August 1 and will range from 10% to 70%.

Bitcoin tested the $110,000 mark again last Wednesday but failed to stay above it. BTC is currently trading at $109,000.

There will be a short lull ahead, but next week will mark the start of a new earnings season: on July 15, the largest US banks will report their results. For now, you can practice and test your strategies before the heat begins. It is not yet time to increase trading volumes. 

Top ideas for trading this week

🟡 Helen of Troy (HELE). Report on July 10 before the opening. Manufacturer and seller of home, health, and beauty products, owner of the Braun, Honeywell, Osprey, and other brands. Down 63% for the year, but shares have risen 17% over the past week. Since the beginning of 2022, the stock has fallen from $240 to $25, where support has formed, which can be used as a basis for the mid-term.

🟡 Levi Strauss & Co (LEVI). Report on July 10 after closing. A legendary jeans manufacturer founded in 1853. In April, the stock hit all possible stops on a decent report, but recovered the very next day. LEVI has been in an uptrend for the last three months. Another mid-term idea. Bank of America included them in its top 10 best ideas for the third quarter.

🟡 Conagra Brands (CAG). Report on July 10 before the opening. Another company with a long history — a food manufacturer founded in 1919. Strong support at $20, below which the stock has not traded since 2012, and in 2019 it rebounded from it. Exclusively mid-term, but only if it holds $20 after the report. 

At the end of June, management announced that it would remove food coloring from its US frozen food portfolio by the end of 2025. By the start of the 2026-2027 school year, the company will stop using dyes in products sold to K-12 schools. It plans to completely eliminate artificial dyes by the end of 2027.

🟡 Delta Air Lines (DAL). Report on July 10 before the opening. The largest airline in the US. There has not been much volatility in the sector for a long time. There may be intraday movement. The mid-term outlook is unclear, as it is in the middle of its half-year range.

🔴 Good movements can be caught in recent IPOs and a few other tickers. Add to your watchlist:

• Chime Financial (CHYM).
• Voyager Technologies (VOYG).
• Circle Internet Group (CRCL).
• Aebi Schmidt Holding (AEBI). Recently formed as a result of a merger.
• SRM Entertainment (SRM). Tied to cryptocurrency.
• SharpLink Gaming (SBET). Also benefiting from movements in crypto.
• Tesla (TSLA). On Sunday, Musk announced that he had created his own America Party. He believes that Trump's Big Beautiful Law will increase the budget deficit to $2.5 trillion and lead the US to bankruptcy. It appears that another round of confrontation between Musk and Trump is ahead — Tesla will be volatile.

Trade what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

All tickers are already in the Hot on UTEX.

Profitable trades!

[button label="Trade on UTEX" url="https://margin.utex.io/stocks-usdt/exchange?utm_medium=website&utm_source=utmedia_en&utm_campaign=post"]