Market review from UTEX — week 9

Indices edged lower for the week: SPY lost 0.5%, the Nasdaq declined 0.25%. Netflix gained 22% on the news that Warner Bros. Discovery has officially abandoned the merger and will pay Netflix $2.8 billion to terminate the deal. Circle (+36%), Keysight Technologies (+26%), and Dell (+21%) posted strong results.

NVIDIA shares fell 6% despite a strong report. The financial sector experienced a correction: American Express −10%, Wells Fargo −8%, Goldman Sachs Group −8%, Bank of America −6%. Bitcoin lost 2% over the seven-day period and is currently trading at $66,173.

The conflict between Israel, the United States, and Iran escalated on Saturday. Further escalation of military actions could lead to a rise in oil and gas prices. There are also risks to shipping in the Strait of Hormuz, through which approximately 20% of the world's oil and up to 30% of global liquefied natural gas supplies pass. Middle Eastern leaders have warned Washington of a potential surge in oil prices above $100 per barrel as a result of a war with Iran.

The unemployment data for February will be released on Friday, but market sentiment will be driven by geopolitics. Uncertainty is at a maximum, and we expect heightened volatility.

Tim Cook has teased an “important week” for Apple. The company is expected to unveil the iPhone 17e and a cheaper MacBook in the coming days. The “Special Apple Experience Event” will take place on Wednesday, March 4.

Earnings season is winding down; this week, Broadcom, CrowdStrike, Costco, Target, Marvell Technology, and AST SpaceMobile will report their results.

Top trading ideas for this week

🔴 Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), Williams Companies (WMB), SLB (SLB), Kinder Morgan (KMI). Nearly all major U.S. oil companies have seen significant gains since the start of the year. The sector as a whole is difficult to trade, but volatility is expected to increase due to geopolitics. This does not necessarily mean explosive growth will occur; profit-taking on the fact of the conflict's initiation is also possible.

🔴 Broadcom (AVGO). Reporting on March 4 after the market close. Broadcom designs application-specific integrated circuits to accelerate AI computing and networking chips that enable fast data transfer within supercomputers. In 2025 and 2026, this segment has become a key growth driver. This is the most anticipated report of the week, given the company's market capitalization of $1.5 trillion.

🔴 AST SpaceMobile (ASTS). Reporting on March 2 after the market close. The company is developing a satellite constellation that acts as cellular towers in space. The stock has declined by 34% over the past month, but it is entirely possible that the correction is not yet over.

🟡 Target (TGT). Reporting on March 3 before the market open. A hypermarket chain. In November, we suggested keeping an eye on this stock if it held the $85 level after its report; since then, TGT is up 31%. Prices are still reasonable, especially if the price declines slightly. In February, new CEO Michael Fiddelke announced a new company strategy focused on enhancing the customer experience, investing in technology, and improving product design. In 2026, Target will invest $1 billion in opening new locations, renovating existing ones, and developing digital services.

🟡 Marvell Technology (MRVL). Reporting on March 5 after the market close. A developer of chips for data infrastructure. The company creates application-specific integrated circuits (ASICs) for Amazon, Microsoft, Samsung, Nokia, and Cisco. It potentially looks good over the medium term with support around the $70 level, although the last three reports have met expectations.

Choose what suits you best:

🟡 medium risk, for traders with little experience;

🔴 high risk, for the pros.

Profitable deals!

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