The Fed rate cut, FOMC dot plot, Powell press conference and labor market data will be in focus this week. Broadcom is well-positioned to generate results that significantly exceed consensus estimates while providing optimistic forecasts. Lululemon is expected to produce mixed to weak results, reflecting slowing U.S. demand and macroeconomic pressures.
Are you looking for more concrete business ideas? Subscribe now to unlock access to InvestingPro’s AI-selected winning stocks and save 55%!
Wall Street’s major indexes ended mostly higher Friday, with the S&P 500 posting its fourth straight winning day as traders digested inflation data that could further prompt the Federal Reserve to cut interest rates next week.
Source: Investing.com
For the week, the benchmark S&P 500 gained 0.3%, the technology sector rose 0.9% and the Stock 30 rose 0.5%. Small caps climbed 0.8%.
The blockbuster week ahead is expected to be a busy one, filled with several potentially market-moving events, including a key Fed policy meeting. The US central bank is expected to cut interest rates by 25 basis points on Wednesday. Along with its policy update, the FOMC will release new point projections for interest rates, unemployment and inflation for 2026. Post-meeting comments from Fed Chairman Jerome Powell, whose term ends in May, could also move markets.
Source: Investing.com
Noteworthy employment data will also be expected in the coming week. The JOLTS job openings survey falls on Tuesday, while the latest weekly jobless claims figures are set for Thursday.
And even though earnings season is almost over, a few notable companies will report results in the coming week. These include AI and Oracle Games, as well as retailers Costco Wholesale, GameStop 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 just for the coming week, from Monday December 8 to Friday December 12.
Stocks to Buy: Broadcom
Broadcom, a key player in the field of AI semiconductors, emerges as the…
..
