1 Stock to Buy, 1 Stock to Sell This Week: Oracle, Dollar General
Oracle is a buy with strong earnings and guidance on deck.
Dollar Generalis a sell with disappointing results, outlook expected.
U.S. stocks finished lower on Friday to close out a turbulent week as Nvidia’s monster rally took a breather, weighing on other AI-linked chip companies.
The S&P 500 and Nasdaq Composite both hit fresh record highs earlier in the session after the latest labor market data showed the U.S. economy added more jobs than expected in February, while the unemployment rate rose for the first time in four months.
For the week, the benchmark S&P 500 declined 0.3%, the tech-heavy Nasdaq dropped 1.2%, and the blue-chip Dow Jones Industrial Average shed 0.9%.
Source: Investing.com
The week ahead is expected to be another eventful one as investors continue to look for more cues on the prospects for potential rate cuts.
On the economic calendar, most important will be Tuesday’s U.S. consumer price inflation report for February, which is forecast to show headline annual CPI holding steady at 3.1%.
Source: Investing.com
The CPI data will be accompanied by the release of the latest retail sales figures as well as a report on producer prices, will help fill out the inflation picture.
As of Sunday morning, financial markets see a 75% chance of the Fed cutting rates in June, according to the Investing.com Fed Monitor Tool.
Elsewhere, some of the key earnings reports to watch include updates from Oracle, Adobe (NASDAQ:ADBE), SentinelOne (NYSE:S), and Jabil Circuit (NYSE:JBL). Several consumer-facing companies such as Ulta Beauty (NASDAQ:ULTA), Dollar General, Dollar Tree (NASDAQ:DLTR), Kohl’s (NYSE:KSS), and Dick’s Sporting Goods (NYSE:DKS) also head into the earnings confessional as Wall Street’s Q4 reporting
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