Inflation, Retail Sales, Earnings Focus

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Investing.com

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1 Stock to Buy, 1 Stock to Sell This Week: Shopify, Occidental Petroleum

Summary

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80% Informative

U.S. stocks closed higher on Friday to cap off their best week of the year , as the Dow and S&P 500 surged to new records after Donald Trump's decisive election victory.

Shopify stands out as a top buy, particularly with the holiday season around the corner.

Occidental Petroleum ( NYSE : OXY ) is facing a challenging outlook, making it one to sell this week due to an unpredictable energy and fluctuating oil prices.

Occidental shares closed at $ 50.53 on Friday , not far from a recent 52-week low of $ 49.51 touched on November 1 .

Earnings are expected to decline 36.4% year-over-year to $ 0.75 per share on revenue of $7.1 billion , down 4% annually .

At current valuations, the company has a market cap of $47 billion .

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English

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