Stocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, JPMorgan Chase & Co. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Inflation data, Fed FOMC meeting minutes, start of Q3 earnings season will be in focus this week.Delta Air Lines is a sell with disappointing earnings, soft guidance on deck.Source: Investing.com
The CPI data will be accompanied by the release of the latest figures on producer prices, which will help fill out the inflation picture.Also on the agenda will be the minutes of the Federal Reserve’s September FOMC policy meeting, due on Wednesday. AMD stock jumped 5% on Friday to end the week at $170.90, its best level since July 16. Shares of the semiconductor company have gained 16% in the year to date. At its current valuation, Santa Clara, California-based AMD has a market cap of $276.6 billion.
AMD shares tend to rally during the week of its AI events. Last year, the stock surged nearly 10% the day after the event, and analysts expect a similar response this time around. As could be expected, an InvestingPro survey of analyst earnings revisions reveals growing pessimism ahead of the Q3 print, with all 16 analysts covering Delta revising their profit estimates downward in the last 90 days.Market participants expect a sizable swing in DAL stock after the print drops, according to the options market, with a possible implied move of 6.5% in either direction.
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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