1 Stock to Buy, 1 Stock to Sell This Week: JPMorgan Chase, Boeing

 | Jan 07, 2024 06:59

  • CPI inflation, start of Q4 earnings season will be in focus this week.
  • JPMorgan Chase is a buy with earnings beat on deck.
  • Boeing is a sell amid fresh plane safety concerns.
  • Looking for more actionable trade ideas to navigate the current market volatility? Members of InvestingPro get exclusive ideas and guidance to navigate any climate. Learn More »
  • U.S. stocks closed slightly higher on Friday to wrap up the first trading week of 2024, however the major averages suffered their first weekly decline in ten weeks amid growing uncertainty over when the Federal Reserve may begin to cut interest rates.

    For the week, the blue-chip Dow Jones Industrial Average shed 0.6%, the benchmark S&P 500 declined 1.5%, and the tech-heavy Nasdaq Composite slumped 3.3%.

    For the S&P 500, it was its worst weekly performance since late October, while the Nasdaq posted its worst week since late September.