News of the war in Iran, fluctuations in oil prices and global bond yields will be in focus this week. Ondas is the “buy” for those looking for high-risk, high-reward catalysts before generating profits. PDD is the “sell” pick as slowing growth and regulatory threats outweigh near-term upside, especially in its fourth-quarter results.
U.S. stocks fell Friday, closing at their lowest level in six months, as conflict in the Middle East kept oil prices high and heightened fears of inflation and the possibility of higher interest rates.
Source: Investing.com
The major averages recorded their fourth consecutive losing week. The Stock 30 fell 2.1%, the S&P 500 fell 1.9%, while the technology sector lost 2.1% and the small-cap Russell 2000 lost 1.7%.
Since the start of the war in Iran on February 28, the S&P 500 has lost 5.4%, the Nasdaq 4.5% and the Dow Jones almost 7%. All three major indexes are below their 200-day moving averages, underscoring the recent deterioration in sentiment on Wall Street.
In the coming week, the focus will remain on oil prices, global bond yields and Iran war news.
Reports on manufacturing activity, services and initial jobless claims highlight a relatively light week for U.S. economic data.
Source: Investing.com
Carnival and Chewy are among the notable companies reporting results.
And a major energy conference in Houston, bringing together the world’s top industry executives, could attract the attention of Wall Street.
Below, I highlight one stock to buy and one stock to sell for the coming week, Monday, March 23 through Friday, March 27.
Stocks to Buy: Ondas
a provider of private wireless data and drone solutions, is set to release its latest earnings report this week. The company operates in high-growth sectors, including industrial automation and critical infrastructure, which are increasingly adopting advanced wireless technologies.
Ondas plans to announce its fourth-quarter results Wednesday during a conference call scheduled for 8 a.m. ET. According to the options market, traders anticipate a strong movement of +/- 10% in either direction for ONDS shares following…
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