Trump’s tariff news, US inflation data and Tesla earnings will be in focus this week. Netflix is expected to post strong profit growth from its advertising and content initiatives, making it an attractive buy. American Airlines is a sell facing multiple headwinds that could lead to disappointing results and a substantially reduced forecast.
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U.S. stocks ended higher on Friday after President Donald Trump made positive remarks on China and signaled a meeting with President Xi Jinping was likely at the end of the month, while investor anxiety eased over the financial health of regional banks.
Source: Investing.com
For the week, Stock 30 rose 1.6%, the benchmark S&P 500 rose 1.7%, while the tech-heavy Nasdaq Composite rose 2.1%. Small caps jumped 2.4%.
More volatility could be expected in the coming days as investors assess the outlook for the economy, inflation, interest rates and corporate profits amid renewed trade tensions between the United States and China. The prolonged U.S. government shutdown continues to weigh on market sentiment as it extends into a third week, adding even more uncertainty for investors.
Most important on the economic calendar will be Friday’s report on U.S. consumer price inflation, which is expected to show an annual CPI rise of 3.1% year-on-year in September, up from 2.9% in August.
Source: Investing.com
The third quarter earnings season shifts into high gear, with reports expected from and . Other top companies on the agenda include , , AT&T(NYSE:T), , , , , , , , , , , , , and .
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 that my deadline is justfor the coming week, from Monday October 20 to Friday October 24.
Stocks to Buy: Netflix
My pick for a “buy” this week is streaming giant Netflix, which is expected to report its latest quarterly results after the U.S. market closes on Tuesday at 4:00 p.m. ET. A…
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