US stocks closed sharply higher on Friday after a generally upbeat jobs report eased worries about the economy. The S&P 500 jumped 1.5%, the Dow Jones Industrial Average climbed 1.2%, and the tech-heavy Nasdaq Composite advanced 2.2%. This week’s focus will be on inflation data, trade talks, and last batch of earnings.
Top stock pick this week is Datadog (NASDAQ:DDOG), which is expected to benefit from its annual ‘Dash’ event starting Monday. The company’s shares have a history of rallying during the event, driven by positive announcements and analyst upgrades. This year’s conference will showcase advancements in cloud monitoring and AI-driven solutions for observability and cybersecurity.
On the other hand, Apple (NASDAQ:AAPL) is expected to underperform due to its WWDC event on deck. The tech giant’s AI strategy has been lagging behind competitors, and investor disappointment may lead to a sell-off.
Investors should be cautious amid President Trump’s trade war and economic uncertainty. The US consumer price inflation report for May will be released this Wednesday, which could spark further turmoil if it comes in higher than expectations. Meanwhile, the latest earnings season is expected to wrap up soon, with investors looking for market-beating stock picks.
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Source: https://www.investing.com/analysis/1-stock-to-buy-1-stock-to-sell-this-week-datadog-apple-200661883