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Weekly Market Review: 11/6 – 11/10

Key Points

  • Stocks ignored hawkish comments from the Federal Reserve and finished the week with a strong rally.
  • The rally was concentrated in tech stocks and may reverse based on upcoming information on inflation and retail stocks next week.
  • Here are some of our most popular articles from this week.
  • 5 stocks we like better than Fastly

Stocks ended the week with a strong rally, reversing the earlier losses incurred after Fed chair Jerome Powell reaffirmed the Fed’s potential need for more interest rate increases to address inflation. However, the rally was primarily driven by tech stocks and may not be sustainable based on key indicators. The upcoming inflation readings, including the Consumer Price Index (CPI) and Producer Price Index (PPI) reports, along with the performance of major retailers Walmart and Target, are expected to influence investor sentiment and provide insights into the holiday season outlook. These reports will be lagging data but could have a significant impact on market dynamics.

AI stocks have seen sharp declines over concerns about companies’ ability to monetize AI. Fastly Inc. (NYSE: FSLY) is one such company that investors may want to closely examine, as it recently delivered positive results and maintained guidance in line with estimates. Despite its lack of profitability, the company continues to experience revenue growth as it leverages AI to optimize content delivery at the network’s edge.

Other articles cover various topics including the performance of biotech stocks such as Pfizer, Inc. (NYSE: PFE) and Sanofi (NASDAQ: SNY), potential opportunities in the lithium sector, AI-driven investment companies, the earnings report from Rivian Automotive, Inc. (NASDAQ: RIVN), dividend prospects in the health insurance sector, and the potential impact of Warren Buffett’s investment in homebuilder stocks, among others.

Moreover, discussions encompass the stock movements of Vertex Pharmaceuticals (NYSE: VRTX), Eli Lilly and Co. (NYSE: LLY), Palantir Technologies, Inc. (NYSE: PLTR), Roku Inc. (NASDAQ: ROKU), Penny stocks in the aerospace and defense sector, apparel and footwear stocks, and the potential growth of Celsius Holdings Inc. (NASDAQ: CELH).

MarketBeat staff provide insights into bullish narratives, beaten-down stocks with upside potential, large-cap stocks expected to outperform in the current earnings season, and a closer look at Capital One Financial Corporation (NYSE: COF) in the finance sector.

It is important to perform thorough research and consider various perspectives before making investment decisions.

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