Top 10 Stocks to Watch: May 2025

Market update: S&P 500 e-mini futures down 6.09% year to date

Last month, we anticipated a possible retest to the $5,600 level at the end of March, which did occur as we moved into April. That price action was followed by a record-breaking move to the downside during the first week of April, setting a new 2025 low at $4,832. 

Price action since then has been choppy yet constructive, leading to our current price just over $5,600. This brings us back to where price stood at the beginning of April. 

Although recent price action has leaned more toward the constructive side, a retest to the downside from $5,600 remains a possibility. If that occurs, look for sellers to target the $5,250 level. 

Conversely, if price continues to rise from the $5,600 level because of buying pressure, it’s likely to do so quickly as we move into May. If that happens, look for buyers to first target the $5,800 level, followed by $6,000. 

A note on earnings trades 

To capture the bulk of the volatility of earnings announcements, earnings trades are often executed either the day before or on the day of the earnings announcement. However, earnings trades can also be placed days or weeks before an earnings event, which could lead to early profit taking.  

Alternatively, placing a trade shortly after an earnings announcement can be a strategic choice to circumvent the binary nature of the event. Evaluate each trade in a way that allows you to execute the position that matches your strategy.   

If you're considering a trade going into an earnings event, one approach is to initiate the position in the monthly options contract that follows the earnings event. This strategy offers flexibility. Should you need to defend your position—perhaps because of unexpected market movements—you have the choice to “roll” it out to the subsequent monthly options. Rolling out the position in this way enables you to extend its duration and potentially collect more premium, providing a buffer against market volatility. 

Top 10 stocks to watch in May 2024 

1. Amazon (AMZN) – May 1, After market close 
2. Apple (AAPL) – May 1, After market close 
3. Roku (ROKU) – May 1, After market close 
4. Palantir (PLTR) – May 5, After market close 
5. Advanced Micro Devices (AMD) – May 6, After market close 
6. Uber (UBER) – May 7, Before market open 
7. Trade Desk (TTD) – May 8, After market close 
8. Nvidia (NVDA) – May 28, After market close 
9. Snowflake (SNOW) – May 28, After market close 
10. Marvell Technology (MRVL) – May 29, After market close 

1. Amazon (AMZN) – Operates a global e-commerce platform and provides cloud computing through AWS. The stock is down 16.94% year-to-date. Its IVR is 47.7, with May IVx at 56.2, June IVx at 44.1, and its liquidity is rated four out of four on the tastytrade platform. 
    
2. Apple (AAPL) – Designs and sells consumer electronics, software and digital services. AAPL is down 14.6% year-to-date. Its IVR is 38.8, with May IVx at 43.5, June IVx at 37.2, and its liquidity is rated four out of four on the tastytrade platform. 
    
3. Roku (ROKU) – Develops streaming devices and operates a digital advertising platform for TV content. ROKU is down 9.26% year-to-date. Its IVR is 58.3, with May IVx at 103.5, June IVx at 73.4, and its liquidity is rated three out of four on the tastytrade platform. 
    
4. Palantir Technologies (PLTR) – Provides data integration and analytics software to government and commercial clients. PLTR is up 55.43% year-to-date. Its IVR is 69.4, with May IVx at 111.5, June IVx at 87.7, and its liquidity is rated four out of four on the tastytrade platform. 
    
5. Advanced Micro Devices (AMD) – Designs and produces semiconductors, including CPUs and GPUs. AMD is down 20.39% year-to-date. Its IVR is 40.5, with May IVx at 73.6, June IVx at 59, and its liquidity is rated four out of four on the tastytrade platform. 
    
6. Uber Technologies (UBER) – Offers ride-hailing, food delivery and freight logistics services. UBER is up 30.26% year-to-date. Its IVR is 46.9, with May IVx at 59.1, June IVx at 47.8, and its liquidity is rated four out of four on the tastytrade platform. 
    
7. The Trade Desk (TTD) – Provides a digital advertising platform for real-time ad buying across channels. TTD is down 54.96% year-to-date. Its IVR is 66.4, with May IVx at 109.2, June IVx at 77.7, and its liquidity is rated three out of four on the tastytrade platform. 
    
8. NVIDIA (NVDA) – Designs graphics processing units (GPUs) and AI computing technology. NVDA is down 19.9% year-to-date. Its IVR is 30.7, with May IVx at 532, June IVx at 55.7, and its liquidity is rated four out of four on the tastytrade platform. 
    
9. Snowflake (SNOW) – Offers a cloud-based platform for data warehousing and analytics. SNOW is up 1.59% year-to-date. Its IVR is 60, with May IVx at 55.7, June IVx at 63.3, and its liquidity is rated three out of four on the tastytrade platform. 
    
10. Marvell Technology (MRVL) – Develops semiconductors for data infrastructure, including storage and networking. MRVL is down 47.1% year-to-date. Its IVR is 45.8, with May IVx at 65.2, June IVx at 70.5, and its liquidity is rated three out of four on the tastytrade platform. 

Ryan Sullivan is an active options and forex trader and programming producer for the tastylive network.

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