The week ahead is expected to be another busy one as investors continue to assess the Fed’s path for rate cuts. Markets are fully pricing in a cut of at least 25 basis points in November, with expectations for a cut of 50bps given aMost important on the economic calendar will be Friday’s core PCE price index, which is the Fed's favorite inflation gauge. That will be accompanied by a heavy slate of Fed speakers, including Chairman Jerome Powell on Thursday morning.
Meta Platforms is a buy as it holds its annual ‘Meta Connect’ event, showcasing the company’s latest advancements in AI, and virtual reality .
Zuckerberg’s hour-long presentation will be followed by a developer-focused address at 2:00PM ET, led by Meta CTO and Reality Labs chief Andrew Bosworth. Meta shares tend to rally during the week of its annual ‘Connect’ event. The tech giant has a history of attracting several analyst upgrades in the wake of its conference presentations.As InvestingPro points out, Meta boasts an above-average Financial Health Score of 4.0/5.0, supported by its robust earnings and revenue growth prospects, combined with its attractive valuation and pristine balance sheet.
This strike has already brought most of Boeing’s aircraft production to a grinding halt, costing the company an estimated $50 million a day, according to Bank of America estimates. With no immediate resolution in sight, Boeing’s profitability and cash flow will likely remain under pressure, especially as union negotiations show little progress.
I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies' financials.
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