Market review from UTEX — week 34

Last week, major U.S. indices edged higher: the SPY gained 0.4%, while the Nasdaq rose 1.1%.

Memory chipmakers led the gains: SanDisk +35%, SK Hynix +20%, Seagate Technology +19%, Micron Technology +10%. Strong quarterly results were also posted by Nebius (+47%), Super Micro Computer (+27%), and CoreWeave (+16%). Among the decliners, Broadcom (-8%) and Cisco Systems (-8%) stood out.

Bitcoin has been range‑bound between $62,500 and $65,000 for a couple of weeks. BTC is currently trading around $63,200. The adoption of the CLARITY Act has been postponed – the U.S. Senate went on summer recess in August without voting on the matter, and analysts now see low chances of its passage in the fall. No other growth drivers are visible at the moment.

Inflation data showed a slowdown. Year‑over‑year CPI fell from 3.5% to 3.4%. Producer inflation dropped from 5.5% to 4.7%. The data reinforced expectations that the Fed will not raise rates in September (probability of a hold is 67.5% vs. 32.5% for a 0.25% hike).

Investors in Anthropic (the developer of Claude) expect the company to go public in October at a valuation of $2 trillion, which would make it the most expensive IPO in history. Anthropic's full‑year 2026 revenue could reach between $100 billion and $120 billion.

Earnings season is winding down, but several important reports are still due this week: Walmart, Home Depot, Target, TJX Companies, Alibaba, Baidu, Analog Devices, Lowe's, Estée Lauder, Deere & Company, Ross Stores.

Top trading ideas for this week

🔴 Estée Lauder (EL). Report on August 19 before market open. The cosmetics company's shares rose in May when Estée Lauder walked away from buying Spain's Puig. A slow uptrend has been forming on the chart since April. Overall, the medium‑term potential looks decent, and prices are still reasonable. If the report doesn't disappoint, it could be a buy.

🔴 Deere & Co (DE). Report on August 20 before market open. The stock has shown decent intraday moves after the last two earnings reports. For those who like expensive, volatile stocks.

🔴 Klarna Group (KLAR). Report on August 18 before market open. The Swedish fintech went public on September 10, 2025, at $40 per share. By February 2026, the stock bottomed around $12 and has since recovered to $20. The BNPL ("Buy Now, Pay Later") model is the company's core product. Clients can split payments in online stores into several interest‑free equal installments or opt for short‑term financing. There is still medium‑term potential, but it's better to wait for the report. The stock gained 26% over the quarter following strong results in the previous report. Not for intraday trading.

🔴 Target (TGT). Report on August 19 before market open. One of the largest U.S. retail chains. We have repeatedly recommended taking a closer look at this stock for the medium term. TGT is up 58% since the start of the year – congratulations to those who followed the advice. Unfortunately, prices are no longer as attractive, but Target often moves well and predictably intraday after earnings.

🔴 Baidu (BIDU). Report on August 18 before market open. Alibaba Group (BABA). Report on August 20 before market open. Two iconic Chinese companies. Completely unpredictable, but they can be highly volatile after earnings reports.

⚠️ High risk, for professionals.

Profitable deals!

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