Market review from UTEX — week 12

Major US indices closed the week in the red: the Nasdaq lost 1%, and the SPY was down 1.5%. Wells Fargo fell 7%, GE Aerospace dropped 7%, Home Depot declined 5%, and IBM was down 5%. On the upside, the leaders included Micron Technology (+15%), Lam Research (+5%), and Intel (+5%).

Bitcoin outperformed the market, gaining 7% over the last seven days. 

The conflict in the Middle East is dragging on, and news along with contradictory statements from Trump are coming in a constant stream. Investors are on edge due to maximum uncertainty.

The key event this week is the Fed's decision on interest rates. The meeting will take place on Wednesday, March 18th, and there's a 99% chance rates will remain unchanged. More important will be what Fed Chair Powell says about the US economy at his penultimate press conference. Also on Wednesday, the Producer Price Index (PPI) will be released, which will show wholesale inflation for February.

The most interesting reports in the coming days include: Alibaba, Micron Technology, FedEx, Jabil, Dollar Tree, Lululemon Athletica, Oklo, Planet Labs, and DocuSign.

Top ideas for trading this week

🔴 Micron Technology (MU). Report on March 18th after the close. One of the world leaders in manufacturing semiconductor solutions, DRAM memory, NAND Flash, and SSDs. The stock is up 350% over the year, and so far, there are no signs of a reversal. Along with Micron, Sandisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) — some of the most volatile stocks right now — will likely move in tandem.

🔴 Oklo (OKLO). Report on March 17th after the close. The company is developing the Aurora mini-nuclear reactor, which can power data centers, industrial facilities, and military bases. Over the last quarter, the stock has fallen 42%, cooling the hype from 2025. Prices are looking decent now, but given the current downtrend, it's better to wait for the report.

🟡 Tencent Music Entertainment Group (TME). Report on March 17th before the open. A Chinese platform managing streaming, karaoke, and live broadcast services. In May 2025, TME shares rose from $13.50 to $26, but reversed course in September and are now back to $14. You could try to pick it up near a level with a tight stop, but only after the report. Support is in the $12–13 range.

🔴 Lululemon Athletica (LULU). Report on March 17th after the close. A Canadian athletic apparel brand. In all recent reports, LULU shares have seen a gap and intraday movement. It's highly likely the situation will repeat itself.

🔴 Coinbase Global (COIN), Strategy (MSTR), MARA Holdings (MARA). The crypto market is showing resilience amidst the Middle East conflict. If this trend continues and Bitcoin keeps rising, these stocks could bounce off their current levels.

Trade what suits you best:

🟡 Medium risk — for traders with limited experience.

🔴 High risk — for professionals.

Profitable deals!

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