Market review from UTEX – week 31

Optimism is added by better-than-expected US GDP data and the Fed's easing of rhetoric. Another week ahead, when there is no time to rest: 170 companies from the S&P 500 will share their quarterly reports. Only trading, only hardcore!

This week's top 5 stocks

Amazon.com (AMZN). The internet retailer's mainstay reports Thursday after the close. Most interesting are the results for its AWS cloud service, as Microsoft disappointed in this segment last week. Amazon is a long way from all-time highs, so we see excellent potential to the $140-$150 levels.

Apple (AAPL). The report will be released at the same time as Amazon. As a reminder, Apple is already up 50% since the beginning of the year, and that's with a capitalization of $3 trillion! As usual, even the folks at Goldman Sachs are expecting numbers above forecasts. Acceleration to $220 is expected by us as well.

Advanced Micro Devices (AMD). Probably the most interesting stock for Wednesday. After the impressive NVDA report, it's important to find out the quarterly results from a competitor. The daily chart shows excellent consolidation for a shot to $125-$130.

Virgin Galactic (SPCE). Although the hype has died down, the company continues to operate and even organized a flight for Italian researchers in June. The company's losses will obviously continue to grow, but comments and development plans could fuel interest in the sector. Watching closely.

ETSY (ETSY) is one of the dark horses this week. The company is likely to start moving on its own report on Wednesday and correlate with market maker Amazon on Friday. It could turn out to be a good pairing, so let's be patient.

Good trades, everyone! Go for it!