Market review from UTEX — week 10

Major U.S. indices closed last week in the red: SPY fell nearly 2%, while the Nasdaq lost 1.24%. Semiconductor stocks were hit the hardest: Lam Research −14%, Applied Materials −12%, ASML −10%, and Micron Technology −10%.

Against the broader negative backdrop, Palantir (+14%), IBM (+7%), and Oracle (+5%) stood out with gains.

The conflict in the Middle East continues to drag on. Markets remain highly uncertain, with SPY and the Nasdaq down about 1% in premarket trading. Oil and gas prices keep climbing, aluminum has reached a four-year high, and coal a one-year high. This has renewed concerns about inflationary pressure, which could force the Fed to keep interest rates unchanged for longer than previously expected.

Bitcoin gained 2% over the week and is currently trading at $67,500.

The February U.S. labor market report released on Friday came as a negative surprise for analysts. The unemployment rate rose to 4.4%, while payrolls fell by 92,000, contrary to forecasts that had called for an increase of 59,000.

Key economic data this week: the February CPI will be released on Wednesday, and on Friday we get PCE, the Fed’s preferred inflation gauge.

There won’t be many earnings reports, but investors may want to watch Oracle, Adobe, Dollar General, Lennar, Hewlett Packard, DICK's Sporting Goods, and Li Auto.

Top 5 stocks to watch this week

🟡 Adobe (ADBE). Earnings on March 12 after the close. A developer of software for digital content and PDF documents. Two years ago the stock traded around $550–600; recently it tested the $250 level. Prices now seem attractive for a medium-term position.

🔴 Ulta Beauty (ULTA). Earnings on March 12 after the close. The cosmetics retailer’s stock often opens with a gap after earnings and tends to move well intraday; outside of earnings days it’s usually best left alone. For traders who like expensive, highly volatile stocks.

🟡 Rubrik (RBRK). Earnings on March 12 after the close. A U.S. IT company focused on cybersecurity and cloud data management that went public in April 2024. Since its IPO, the company has consistently reported results above expectations. Still, the stock has fallen 34% over the past six months, with support around $45. Analysts’ average price target for Rubrik is about $100, but it may be better to wait for the earnings report and the company’s guidance.

🔴 Hims & Hers Health (HIMS). The company operates a multi-service telemedicine platform that connects consumers with licensed healthcare professionals. On Friday after the market close, news broke that Novo Nordisk plans to sell its weight-loss drugs through the Hims & Hers Health platform, ending a legal dispute between the two companies. HIMS shares are already up 52% in premarket trading, and strong intraday movement is possible.

🟡 Oracle (ORCL). Earnings on March 10 after the close. One of the world’s largest IT companies specializing in enterprise software, cloud services, and hardware solutions. Back in September 2025 the stock traded around $320; since then it has dropped sharply and found support near $140. There may be medium-term potential if the level holds.

Trade what suits you best:

🟡 Medium risk — for traders with limited experience.
🔴 High risk — for professionals.

Profitable trades!

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