Market review from UTEX — week 32

Both indices showed weekly losses. The S&P 500 fell 2.4%, marking its worst week since late May. The Nasdaq retreated 2.2%. 

The beginning of August, a statistically weak month, was quite eventful. Last week saw a large influx of data in the form of reports from big tech companies, Fed meetings, GDP data, and labor market data. As a result, the market declined for the first time since April.

The number of jobs increased by 73,000 instead of the expected 110,000. In addition, previous months were revised sharply downward: June to 14,000 from 147,000, and May to 19,000 from 125,000. This signaled a slowdown in the economy and heightened fears of a recession.

Powell remained unyielding. He maintained his hawkish rhetoric and did not lower the key rate. In addition, on Thursday, Donald Trump unexpectedly imposed tariffs ranging from 10% to 41% on various countries.

Bitcoin consolidated in the $117,000–119,000 range until the middle of the week. Over the weekend, the price fell below $112,000 for the first time since early July. BTC is currently trading at $114,000.

The coming week will be relatively calm, with few events on the calendar. The main focus will be on the services PMI, which will be released on Tuesday. 

About two-thirds of S&P 500 companies have already reported. 63% exceeded earnings per share forecasts — one of the highest figures in the last 25 years.

This week, earnings reports are expected from Palantir, AMD, Disney, McDonald's, Caterpillar, and Uber.  

Top 5 ideas for trading this week

🟡 Palantir (PLTR). Report today, August 4, after closing. The company has already doubled its value in 2025, with stocks rising more than 1,000% since 2023. Revenue growth has steadily accelerated over the past two years, and operating profitability has increased. The company is winning new contracts with the Trump administration. After hitting a historic low of $5.92 per share at the end of 2022, Palantir has soared. Last year, the stock was the best performer in the S&P 500 (+340%).

🟡 Hims & Hers Health (HIMS). Report today, August 4, after closing. +200% over the past 12 months. For comparison, the S&P 500 grew by only 18% over the same period. The company is able to offer affordable drugs such as Ozempic based on GLP-1 for weight loss amid a shortage of their analogues. Revenue in the first quarter grew 110% year-over-year, with free cash flow reaching $50 million. This business has great potential. 

🟢 Super Micro Computer (SMCI). Report on August 5, after closing. Server solutions provider. Revenue expectations are +12.1% year-over-year. For comparison, last year it was +145%. Forecasts are pessimistic: they have been lowered four times in 30 days. In the last two years, Super Micro's revenue has fallen short of expectations five times.

🟡 Advanced Micro Devices (AMD). Report on August 5, after closing. Analysts expect the chipmaker's revenue to grow 27% year-over-year this quarter. Over the past two years, AMD has exceeded revenue forecasts by an average of 1.5%.

🔴 AppLovin (APP). Report on August 6, after closing. The company seems to be printing money. In the first quarter, revenue jumped 40%, and advertising revenue soared 73%. All thanks to the Axon 2 AI engine, which optimizes targeting, bidding, and ad placement. AppLovin has captured a huge share of the mobile gaming market and plans to grow by 20–30% in this segment. The company is also testing its advertising engine in e-commerce, where there is much more room for growth.

Trade what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience;

🟢 low risk, suitable for beginners.

Profitable deals on UTEX!

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