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1 Stock to Buy, 1 Stock to Sell This Week: Apple, ExxonMobil

1 Stock to Buy, 1 Stock to Sell This Week: Apple, ExxonMobil

  • Fed FOMC Meeting, Powell press conference, Big Tech earnings, and Iran war developments will be in focus this week.
  • Apple is set for the spotlight with earnings and strong guidance expected this week.
  • ExxonMobil faces headwinds from possible weak guidance and geopolitics.

U.S. stocks ended mostly higher on Friday, with the and the Nasdaq Composite notching new record peaks as investors assessed signs of progress in U.S.-Iran peace talks, while a surge in Intel shares added further support.

Wall Street Performance

Source: Investing.com

For the major averages, however, the week was mixed. The S&P 500 ended up about 0.6%, while the Nasdaq and the small-cap Russell 2000 rose 1.5% and 0.4% respectively. The Dow Jones Industrial Average, however, recorded a…

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