The delayed US jobs report, CPI inflation data and retail sales will be in focus this week. Nike has a credible chance to surprise in earnings and is now being factored in for skepticism. Micron’s AI-powered rally leaves little room for error: Any disappointment could trigger a sharper pullback as the market turns to safer ground.
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Wall Street’s major indexes ended lower on Friday, down more than 1% as investors continued to pull out of tech stocks and into value areas of the market due to concerns about an AI bubble.
Source: Investing.com
For the week, the benchmark S&P 500 fell 0.6% while the tech-heavy Nasdaq Composite lost 1.6%. Title 30, however, recorded gains, up 1.1% over the week. Small caps added 1.2% after hitting new all-time and closing highs on Thursday.
As the year draws to a close, with the holidays approaching, investors will be paying close attention to the delayed economic reports due next week.
The U.S. jobs report for November is due Tuesday, while the monthly consumer price index, which is closely watched for inflation trends, will be released Thursday. A report on retail sales is among other releases next week that will help better understand economic growth.
Source: Investing.com
And even though earnings season is almost over, a few notable companies will report results in the coming week. These include memory chip company, sportswear giant FedEx and home construction giant Lennar.
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 15 to Friday December 19.
Stocks to Buy: Nike
Nike stands out as the compelling buy this week, with its second-quarter earnings release after the bell on Thursday at 4:15 p.m. ET serving as a key catalyst for a potential rebound. Analysts expect signs of recovery under the new leader…
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