Stocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, FedEx Corporation. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
• Micron offers significant upside potential backed by robust earnings growth and strong demand for its AI-related products.
Meanwhile, on the economic calendar, most important will be Tuesday’s U.S. retail sales report, which will shed further light on the health of the economy. The personal consumption expenditures price index reading for November, due Friday, will also be closely watched.Regardless of which direction the market goes, below I highlight one stock likely to be in demand and another which could see fresh downside.
The Boise, Idaho-based company plays a critical role in powering advancements in AI, cloud computing, and 5G connectivity with its innovative DRAM and NAND products. Despite its strong brand recognition, the company is grappling with declining consumer demand for athletic wear and footwear, alongside supply chain challenges.
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