• FED FOMC meeting, PCE inflation data, ‘Big Tech’ gains to be in focus this week.
• Meta’s aggressive push into AI, coupled with strong revenue and profit growth, makes it an attractive stock to buy.
• Apple faces headwinds from slowing iPhone sales and reduced innovation momentum, making it a stock to approach with caution.
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U.S. stocks closed later Friday, but the and the and again marked their second straight positive week following President Donald Trump’s inauguration.
The DOW and S&P 500 advanced 2.1% and 1.7%, respectively, while tech climbed 1.6%.
Source: Investing.com
The upcoming blockbuster week is expected to be eventful filled with several market-moving events, including a key FOMC meeting, an important inflation reading, as well as a flurry of tech heavyweight gains.
The U.S. central bank is largely expected to leave interest rates unchanged on Wednesday, but Fed Chairman Jerome Powell may respond to pressure from President Trump when he speaks at the post-meeting news conference.
Markets currently don’t expect a rate cut until June, although the May meeting is a close call, according to investing.com.
Besides the Fed, most important in the economic calendar will be the Personal Consumption Expenditures (PCE) release price index, which is the Fed’s preferred measure of inflation.
Source: Investing.com
Meanwhile, results season is in full swing, with four of the massive sets to report their latest results. Microsoft (NASDAQ:), Meta Platforms (NASDAQ:), and Tesla (NASDAQ:) all report late Wednesday, while Apple (NASDAQ:) is due late Thursday.
These mega-caps will be joined by big names like Intel (nasdaq:), ibm (nyse:), asml (as:), Boeing (nyse:), United Parcel Service (NYSE:), General Motors (NYSE:), Caterpillar (nyse:), ExxonMobil (nyse:), Chevron (nyse:), visa (nyse:), mastercard (nyse:), starbucks (nasdaq:), at&t (NYSE:), Lockheed Martin (NYSE:), and Southwest Airlines (NYSE:).
Never mind …
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