• The US jobs report and the Fed’s FOMC meeting minutes will be in focus this week.
• AMD is a Buy as it prepares to showcase its next-generation GPU at CES 2025.
• Constellation Brands is a sell with mediocre earnings and disappointing guidance.
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US stocks closed sharply higher on Friday, as Wall Street recovered after a difficult start to the year. Despite this, all three indexes recorded slight declines for the week, with the index recording its third weekly loss in four.
For the week, blue chip stocks fell 0.6%, the benchmark S&P 500 fell about 0.5%, while the technology sector lost 0.5%.
Source: Investing.com
The first full week of 2025 is expected to be eventful as investors continue to evaluate the Fed’s interest rate outlook. US stock markets will be closed on Thursday in honor of former President Jimmy Carter.
The biggest on the economic calendar will be Friday’s U.S. jobs report for December, which is expected to show the economy added 154,000 jobs. The unemployment rate is expected to remain at 4.2%.
Source: Investing.com
This will be accompanied by the minutes of the Federal Reserve’s December FOMC meeting. Expectations of a January rate cut have declined lately, with the probability now at 11%, according to Investing.com.
Elsewhere on the earnings calendar, only a handful of company results are due, including Delta Air Lines (NYSE:), Walgreens Boots Alliance (NASDAQ:), KB Home (NYSE:) and Constellation Brands (NYSE:).
Meanwhile, the Consumer Electronics Show will take place in Las Vegas from Tuesday to Friday. All eyes will be on Nvidia (NASDAQ:) CEO Jensen Huang for his CES 2025 keynote on Monday evening.
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 6th through Friday January 10th.
Stocks to Buy: Advanced Micro Devices
Advanced Micro Devices (NASDAQ:) stands out as a…
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