1 Stock to Buy, 1 Stock to Sell This Week: Meta Platforms, Snap

investing.com:

U.S. stocks tumbled on Friday to cap a losing week as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.

For the week, the blue-chip Dow Jones Industrial Average declined 1.6%, while the benchmark S&P 500 fell 2.4%. The technology-heavy Nasdaq Composite sank 3.2% to notch its second straight week of losses.

The blockbuster week ahead is expected to be an eventful one filled with several market-moving events, including key economic data as well as a flurry of heavyweight earnings reports.

On the economic calendar, most important will be Friday’s core personal consumption expenditures (PCE) price index, which is the Federal Reserve’s preferred inflation measure. As per Investing.com, analysts expect both the month-over-month (+0.3%) and year-over-year rates (+3.7%) to remain at elevated levels.

Comments from Fed Chairman Jerome Powell are also on the agenda as investors look for more clues on the central bank’s policy outlook.

Meanwhile, the Q3 earnings season hits full swing, with mega-cap tech companies Microsoft (NASDAQ:MSFT), Google-parent Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and Meta Platforms due to report.

These mega-caps will be joined by big names like Intel (NASDAQ:INTC), IBM (NYSE:IBM), Boeing (NYSE:BA), Coca-Cola (NYSE:KO), Ford (NYSE:F), General Motors (NYSE:GM), Visa (NYSE:V), Mastercard (NYSE:MA), ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX), United Parcel Service (NYSE:UPS), General Electric (NYSE:GE), 3M Company (NYSE:MMM), Verizon (NYSE:VZ), and Southwest Airlines (NYSE:LUV).

Regardless of which direction the market goes next week, below I highlight one stock likely to be in demand and another which could see fresh downside.

Remember though, my timeframe is ju