Market review from UTEX — week 5

The market barely moved: SPY lost 0.4%, Nasdaq gained 0.15%. All week long, the indices were closing Tuesday’s gap after the disputes over Greenland between the U.S. and the EU. After Trump stated that the sides had reached a deal, the markets returned to previous levels.

Leading the gains were Micron Technology shares (+18%), continuing their flight. Advanced Micro Devices +13%, META +6%. After generally decent earnings reports, investors still took their profits in GE Aerospace (-8%) and Intel (-6%).

Bitcoin lost 7% over seven days, with BTC now trading at $87,900. Ethereum dropped 13% to $2,890.

A busy week lies ahead. On Wednesday, January 28, the Fed will decide on rates. The probability of keeping the current level is estimated at 97.2%. According to analysts’ forecasts, rates will not be cut before June.

Four bigtechs from the Magnificent Seven (Microsoft, Meta, Tesla, and Apple) will report, and their results will help gauge the state of the AI market. Other notable reports: Texas Instruments, ASML, IBM, AT&T, Verizon, Caterpillar, Boeing, General Motors, Lockheed Martin, and Nucor.

The market is near all-time highs, but the last three months’ chart looks more like a sideways range. This week should show whether it is ready to move higher. Hopefully, we’ll avoid geopolitics and surprises from Trump.

Top ideas for trading this week

🔴 UnitedHealth Group (UNH). Earnings on January 27 before the open. The largest health insurer found a bottom in August 2025 and looks like it is laying the groundwork for an upward move. Could be a solid swing trade, but risks are high.

🟡 Nokia (NOK). Earnings on January 29 before the open. Purely a mid- or even long-term idea; little sense trading it intraday. Current prices are still fairly reasonable for entry. In October it became public that Nvidia invested $1B in Nokia at $6.01 per share. Under the deal, Nokia will develop AI-RAN (radio access network) technologies based on Nvidia, which will optimize 5G networks and bring 6G closer. Nokia is also expanding partnerships with Verizon and Lockheed Martin, and in early 2025 it acquired Infinera, an optical networking specialist, for $2.3B.

🔴 Seagate Technology (STX). Earnings on January 27 after the close. SanDisk (SNDK). Earnings on January 29 after the close. Western Digital (WDC). Earnings on January 29 after the close. Key players in data storage, and among the most volatile stocks in the market right now thanks to the AI boom. There will definitely be moves after earnings, so set your stops tight.

🟡 United Parcel Service (UPS). Earnings on January 27 before the open. Express delivery and logistics company, another potential mid-term idea. The stock has been in a downtrend since early 2022, but started to revive last quarter and bounced 24% after a strong report. Support is around $90, so there is room to run.

🔴 Tesla (TSLA). Earnings on January 28 after the close. As always, extremely unpredictable and volatile. The market is waiting for updates on progress with the Optimus robot and plans for its commercialization in 2026. Any comment from Elon Musk can trigger a move.

Choose what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

Profitable deals!

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