• Trump’s inauguration and fourth-quarter earnings season will be the center of attention during the shortened holiday week.
• With its transformative business model and clear growth trajectory, Netflix appears to be an attractive buy for investors seeking quality growth.
• Procter & Gamble faces operational challenges and tepid growth, making it less attractive in the current market environment.
• Are you looking for more concrete business ideas? Subscribe here for 50% off InvestingPro!
US stocks rallied on Friday ahead of Donald Trump’s inauguration, as US stocks and markets enjoyed their best week since the November election amid signs of slowing inflation.
For the week, the Dow Jones and S&P 500 rose 3.7% and 2.9%, respectively, while technology stocks climbed 2.5%.
Source: Investing.com
The week ahead is expected to be another eventful one as investors continue to assess the outlook for the economy and interest rates.
US markets will be closed on Monday for the Martin Luther King holiday. President-elect Trump’s inauguration will also take place on Monday, with the new president expected to issue a series of executive orders on day one.
Source: Investing.com
Meanwhile, the fourth-quarter earnings season shifts into high gear, with reports expected from several high-profile companies, including Netflix (NASDAQ:), American Express (NYSE:), Procter & Gamble (NYSE:), Johnson & Johnson (NYSE:), Verizon (NYSE:), GE Aerospace (NYSE:), 3M Company (NYSE:), United Airlines (NASDAQ:) and American Airlines (NASDAQ:).
and cryptocurrencies will also be closely monitored.
Regardless of which direction the market is heading, below I highlight one stock likely to be in demand and one that could see further decline. Remember though, my calendar only covers the upcoming week, Monday January 20th through Friday January 24th.
Stocks to Buy: Netflix
For investors looking to allocate capital this week, Netflix presents itself as a strong growth opportunity. The streaming giant’s shift to advertising, live events and monetization of popular content like “Squid Game” are important tailwinds that could propel the stock higher over the course of the week…
..