Market review from UTEX — week 29
Crypto and stocks edged higher. A new earnings season and inflation data are ahead.
Markets are approaching June's all‑time highs: the SPY gained 1.37%, the Nasdaq rose 1.81%.
Top gainers: Arista Networks +16%, Alibaba +16%, Meta +14%, Seagate Technology +11%. Among the losers: AstraZeneca (-12%), SpaceX (-10%), Intel (-8%).
Bitcoin is currently trading at $63,000. Ethereum is near $1,800.
Markets were volatile due to the US‑Iran conflict. By midweek, quotes stabilised thanks to hints of a peaceful resolution, but by Friday tensions escalated again. Overall, news from the Middle East no longer has as strong an impact on the market.
This week will be decisive for cementing the upward trend of the past two weeks. On Tuesday and Wednesday, Fed Chair Kevin Warsh will testify before Congress. On those same days, fresh consumer (CPI) and producer (PPI) inflation data for June will be released.
The new earnings season kicks off today. As usual, the largest US banks will report first: JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citigroup, and Morgan Stanley. Also reporting this week: ASML, Johnson & Johnson, Taiwan Semiconductor, UnitedHealth, GE Aerospace, Netflix, and Abbott Laboratories.
Top trading ideas for this week
🔴 Netflix (NFLX). Report on July 16 after market close. The stock has fallen 41% over the year, with support forming around $70. Competition with Disney, HBO Max, and YouTube is intensifying. Ad‑supported video services like Tubi and the Roku Channel are also gaining popularity. Netflix is considering launching genre‑based and linear 24/7 channels. The company remains the leader in subscription streaming, but its viewing share dropped in April to its lowest level since May 2025. It's hard to predict what will happen after the report — Netflix knows how to surprise. Current prices look potentially decent for the medium term, but it's better to wait for the report.
🔴 ASML Holding (ASML). Report on July 15 before market open. Another chipmaker, Taiwan Semiconductor (TSM), reports on July 16 before the open. Their results will set the tone for the entire sector: NVDA, ARM, AMD, AVGO, QCOM. With strong results, moderate inflation, and reduced geopolitical tensions, the market has a chance to break through all‑time highs and hold above them.
🔴 UnitedHealth (UNH). Report on July 16 before market open. The company combines a health insurer and a healthcare provider. We recommended it for the medium term ahead of the last report. Since then, the stock has risen 38%, but prices are still reasonable. In June, BofA Securities upgraded UNH from "Neutral" to "Buy." Historically, UnitedHealth shares tend to react quite strongly to earnings.
🔴 Banking sector. JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citigroup, Morgan Stanley — almost all will report on Tuesday before the open or on Wednesday. There hasn't been much significant news in this sector for a while, but banks are traditionally in the spotlight for investors. We don't recommend trading them, but you can add them to your watchlist as a market sentiment indicator.
🔴 Aehr Test Systems (AEHR). Report on July 14 after market close. The company's solutions allow testing and burn‑in of chips (exposing hidden defects under load) while they are still in wafer form or as individual dies. Despite its relatively small market cap (just over $2 billion), AEHR shares have shown high volatility over the past six months. We expect strong moves after the report and intraday.
🔴 High risk, for professionals.
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