Market review from UTEX — week 45
Last week was hot — this one promises to keep up. Watching Palantir, AMD, and Robinhood.
Another positive week for the US markets: SPY +0.74%, Nasdaq +1.94%.
Last week, five of the “Magnificent Seven” reported earnings. Alphabet and Amazon each gained around 8%, Apple rose 3%, Microsoft slipped 1%. The weakest performer was Meta: -12%.
Caterpillar surged 10% post-earnings, and NVIDIA gained 8%. At one point, NVIDIA’s market cap even topped $5 trillion — though it ended the week slightly below that mark.
Bitcoin dropped 6.85% over the past seven days and is now trading around $107,550. Ethereum fell 11.35% to $3,699.
On Wednesday, the Federal Reserve cut the key interest rate by 0,25 basis points, as expected. Jerome Powell said the December rate cut is not predetermined.
As for earnings season, the positive trend continues: nearly 83% of companies have beaten EPS expectations, and 78% have reported higher-than-expected revenue.
This week brings another wave of reports — keep an eye on Palantir, Advanced Micro Devices, Shopify, Uber, McDonald’s, Applovin, QUALCOMM, Robinhood, and Arm Holdings.
Reminder: the US switched to winter time yesterday. Trading will now start an hour later.
5 trading ideas for this week
🟢 Pfizer (PFE). Earnings: November 4, before market open. The stock has been ranging between $21–$27 for a year now. Looks like a decent long-term buy without leverage, though don’t expect any sharp moves soon.
🔴 Super Micro Computer (SMCI). Earnings: November 4, after market close. Typically shows both a gap and strong intraday movement around earnings. Hard to call for the mid-term — nearest support is far below. But for intraday traders, this one could be exciting.
🔴 Figma (FIG). Earnings: November 5, after market close — their second as a public company. And we all know how wild newly listed stocks can move. There’ve been three failed attempts to break below $50 recently — the latest on Friday, when price hit $47 but closed back at $50. If they hold above $50 after earnings, it could be interesting for a mid-term setup.
🔴 AppLovin (APP). Earnings: November 5, after market close. A volatile stock on any day, but earnings add even more fuel. A good pick for those who enjoy fast intraday action on pricey, high-volatility tickers.
🔴 Advanced Micro Devices (AMD). Since the October 6 news about a deal with OpenAI for chip supplies, the stock has gained 50%. Some may want to take profits here, but further growth isn’t off the table. Expect a possible gap and strong intraday moves.
Trade what fits your style best:
🔴 High risk — for pros.
🟢 Lower risk — great for beginners.
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