Market review from UTEX — week 38

Major US indexes have returned to growth: SPY gained 1.57%, Nasdaq +1.84%.

Oracle surged 25% after its report, Alibaba Group added 14% (and is up 33% for the quarter). Elon Musk’s Tesla rose nearly 13%, approaching the $400 mark. Palantir is recovering after a correction, gaining 12%.

UnitedHealth Group continues to climb from local lows: since August 1 the stock rose from $234 to $352. That’s +11% for the week and almost +30% for the month. SanDisk increased 25% for the week and 83% for the month on optimistic analyst comments and strong AI demand.

Bitcoin gained 3.9% over the week, currently trading around $115,600. Ethereum is not far behind, up 6.3% in the last seven days.

The main event of the week is the Fed rate meeting on Wednesday, September 17. There is almost no doubt about a 0.25% rate cut. Investors estimate a 6.6% chance of an immediate 0.5% cut. As always, attention will focus on Powell’s press conference after the meeting. According to CME FedWatch, there’s a 74% probability of three rate cuts by the end of 2025.

Also on Wednesday evening, Zuckerberg will open the annual Meta Connect conference, expected to highlight products like AI-powered glasses and outline planned spending on virtual reality and new AI features.

There will be few earnings reports; the most notable are Ferguson Enterprises, General Mills, FedEx, Lennar, Darden Restaurants, and FactSet Research.

Top 5 ideas for trading this week

🔴 Gemini Space Station (GEMI), Klarna Group (KLAR). Both companies held IPOs last week; expect high volatility.

🔴 FedEx (FDX). Report on September 18 after market close. Since May, the price has been trading in the $215–$245 range. On Thursday, Bank of America downgraded the company, and FDX fell in premarket. However, at the open, the stock confidently closed the gap and moved into the green. For fans of expensive, volatile stocks.

🔴 Bullish (BLSH). Report on September 17 after market close. The cryptocurrency exchange went public on August 13. Bullish also owns CoinDesk, a platform providing cryptocurrency price data. On IPO day, shares reached $118, up 219%. They closed up 83%, which is also solid. Over the last three weeks, starting around $70, a downtrend has formed. The stock found support near $50, but investors appear to be waiting for the report and are hesitant to buy aggressively.

🟡 General Mills (GIS). Report on September 17 before market open. A food manufacturer and seller founded in 1866. The stock price dropped 33% over the year but has traded in the $48–$51 range over the past month. If it holds these levels, it could be worth buying. More of a long-term play — no volatility, very slow movements.

🟡 Dave & Buster's Entertainment (PLAY). Report on September 15 after market close. A chain of entertainment venues and restaurants. Since early April, shares rose from $15 to $35, but have pulled back to $23 over the last month. Market cap under $1 billion. Short float at 17%. The last three reports missed consensus, so positive surprises could fuel growth. On July 15, the company appointed a new CEO — Tarun Lal, former president of KFC U.S. with 25 years at Yum! Brands. On July 25, Tarun Lal purchased $250,000 worth of PLAY shares.

Choose what suits you best:

🔴 high risk, for the pros;

🟡 medium risk, for traders with little experience.

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