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Fortinet a Buy, Tesla a Sell This Week: Investing.com

US jobs report, PMI surveys, Fed speakers to watch this week. Fortinet is a buy as "Accelerate 2024" event begins. Tesla is a sell due to weak Q1 deliveries. Tech-heavy index gained 9.1% in Q3. Tesla's market cap stands at $560B.

by Mark Eisenberg
Sun, Mar 31, 2024 8:31pm
in Investing
• 2 mins read
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Fortinet a Buy, Tesla a Sell This Week: Investing.com | FinOracle

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U.S. Jobs Report and PMI Surveys in the Spotlight

The financial market is set to embark on a bustling week with the spotlight shining brightly on Friday's anticipated U.S. employment report for March. Market analysts are forecasting the economy to have added around 198,000 positions, maintaining the unemployment rate at a stable 3.9%. The ISM manufacturing and services PMI surveys are also poised to draw significant attention, offering critical insights into the health of the U.S. economy. Additionally, a plethora of Fed speakers are scheduled to address the market, further shaping investor sentiment as traders now anticipate about a 60% chance of a rate cut in June.

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