ExxonMobil and Uber: One Stock to Buy, One to Sell This Week

au.investing.com —

U.S. stocks fell Friday, closing a losing week and month, as disappointing results from Intel, Amazon, and Alphabet fueled concerns over AI investment costs. The S&P 500 dropped 0.6% for the week, while the Nasdaq slumped 2%, with more volatility expected ahead. The coming week features over 100 S&P 500 earnings reports, including Apple, Uber, and McDonald's, plus the October jobs report and U.S. midterm elections on Nov. 3. Analysts recommend buying ExxonMobil due to rising oil prices from Middle East tensions, while selling Uber ahead of its earnings amid robotaxi competition fears.


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