Moody’s US Credit Downragrade, Housing Data and retailers’ income will be at the point this week. Snowflake is a purchase with strong income, optimistic advice on the bridge. The drop in Target revenues, the drop in profits and low prospects make it a stock to sell.
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Friday, the stock market ended above, the main averages recording net gains for the week motivated by the signs of a de-escalation of the United States’s trade war and the renewed optimism on the prospects for the expenditure of the AI.
For the week, increased it by 3.4%, climbed it around 5.3%, while technology jumped 7.2%. The strong week saw the DOW and S&P erase their losses for the year.
Source: Investing.com
More volatility could be in store this week while investors continue to assess the perspectives of the economy, inflation, interest rates and business profits. Friday evening, Moody lowered the American credit note of an “AA1” notch “AAA”, citing increasing debt and payments of interest.
On the economic calendar, the PMI flash readings on manufacturing and the service sector will attract attention on Thursday, as well as updates to the housing market.
Interest rate future suggests that traders see more than 90% chance that the Fed maintains the unchanged prices at its June meeting, according to investing.com.
Source: Investing.com
Elsewhere, in the profits of companies, the results of the main retailers such as Home Depot (Nyse :), Lowe’s (Nyse :), Target (Nyse :), and Tjx Companies (Nyse 🙂 will be the keys to updates of the week while the reporting season is calm. The other notable names aligned to bring back the gains include Palo Alto Networks (Nasdaq :), Snowflake (Nyse :), Intuit (Nasdaq :), and Baidu (Nasdaq :).
Whatever management of management, below, I highlight a title likely to be in demand and another which could see a new drawback. Remember, however, my deadline is justFor the coming week, from Monday May 19 to Friday May 23.
Stock to buy: snowflake
Snowflake, the data management software provider and cloud, is positioned for a …
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