Top Trade Ideas - January 15th

As your personal investment analyst, we strive to bring you informed decisions. After a thorough review of the market, here are ten trade ideas for you to capitalise on this week.

After Monday’s move higher last week, US equities had a reasonably calm week, surpassing the CPI and PPI data that spotlighted the week.

Oil remains in its small 2024 range. The same can be said for the US 10Y yield, which has stayed between 3.8% and 4.1%.

In G10 FX, the week rested on the shoulders of that US CPI inflation print on Thursday. The market reaction to a slight beat was fairly muted, compounded by a slight miss in the PPI print on Friday. The DXY was largely unchanged on the week.

Equities

Tapestry Inc. (NYSE: TPR) is an American multinational luxury fashion holding company. Luxury brand names struggled last week, and Friday saw a pullback among a few names.

TPR has now broken below a critical support level. Downside pressure could pick up, and we would target a short through the price gap below.

TRADE IDEA - TAPESTRY TRADING LOWER

Entry: 36.30

Stop Loss: 37.30

Take Profit: 34.50

NASA and Lockheed Martin (NYSE: LMT) formally debuted the agency’s X-59 quiet supersonic aircraft Friday. Using this one-of-a-kind experimental airplane, NASA aims to gather data that could revolutionise air travel, paving the way for a new generation of commercial aircraft that can travel faster than the speed of sound.

This positive news release from the company could mean that price breaks through resistance this week. This has been a key pivot level, and the previous breakout would be out target.

TRADE IDEA - LOCKHEED MARTIN

Entry: 463.00

Stop Loss: 455.50

Take Profit: 479.50

As always, the alpha continues below. More equity, currency, index and commodity trades are laid out for the week ahead. You can access these (along with all of our other premium content) for just £10/month.