1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, Nike

U.S. stocks rallied connected Friday, rebounding from steep losses seen implicit the week, arsenic President Donald Trump’s escalating commercialized warfare fueled recession fears and battered hazard sentiment.

Even with Friday’s bounce, the S&P 500 and the Nasdaq Composite notched their 4th consecutive play losses. The S&P 500 slumped 2.3%, portion the tech-heavy Nasdaq tumbled 2.4%. The Dow fell 3.1% for its worst week successful 2 years.

Source: Investing.com

The blockbuster week up is expected to beryllium an eventful 1 filled with respective market-moving events, including the Federal Reserve’s latest monetary argumentation meeting.

The U.S. cardinal slope is wide expected to permission involvement rates unchanged connected Wednesday, but Fed Chair Jerome Powell could connection hints astir erstwhile complaint cuts mightiness commencement erstwhile helium speaks successful the post-meeting property conference.

Along with its argumentation update, the Fed volition merchandise caller dot-plot quarterly projections for involvement rates, unemployment and inflation. Markets presently expect the Fed to hold until June to chopped rates again, arsenic per the Investing.com Fed Rate Monitor Tool.

Source: Investing.com

Meanwhile, connected the economical calendar, astir important volition beryllium Monday’s U.S. retail income report, which volition shed further airy connected the wellness of the economy.

Elsewhere, connected the net docket, determination are conscionable a fistful of firm results due, including Nike (NYSE:NKE), FedEx (NYSE:FDX), Micron Technology (NASDAQ:MU), Lennar (NYSE:LEN), General Mills (NYSE:GIS), and Carnival (NYSE:CCL) arsenic Wall Street’s reporting play draws to a close. In addition, a fistful of China-based stocks are besides connected the agenda, including PDD Holdings (NASDAQ:PDD), Tencent (OTC:TCEHY), XPeng (NYSE:XPEV), and Nio (NYSE:NIO).

Regardless of which absorption the marketplace goes, beneath I item 1 banal apt to beryllium successful request and different which could spot caller downside. Remember though, my timeframe is just for the week ahead, Monday, March 17 - Friday, March 21.

Nvidia (NASDAQ:NVDA) is acceptable to big its highly anticipated GPU Technology Conference (GTC), astatine which it is apt to amusement disconnected its latest advancements successful generative AI, accelerated computing, ample connection models, robotics, and more.