Stock Market Week Ahead: Get Ready For Buy Points And Econ Data

Market Overview - The Nasdaq and S&P 500 have experienced a third consecutive weekly advance, with the Nasdaq up more than 5% for September and on track for its sixth consecutive monthly gain, while the S&P 500 has added 3% for the month, aiming for a fifth straight up month [1][2]. Company Earnings and Performance - Micron Technology is set to report its fiscal fourth-quarter results, with analysts predicting an adjusted earnings per share (EPS) of $2.79, a 136% increase year-over-year, and sales expected to rise 44% to $11.13 billion. For the fiscal first quarter, earnings are projected at $3.01 per share, up 68%, with sales of $11.84 billion, a 36% increase [5][6]. - The stock of Micron has surged 37% in September, reaching a record high, and has a year-to-date gain of 94%, driven by strong demand for high-bandwidth memory products for AI applications [5][10]. Economic Indicators - The core PCE price index, a key inflation gauge, is expected to show a modest increase of 0.22%, raising the 12-month core inflation rate to 3% from 2.9%. Personal consumption expenditures are anticipated to rise by 0.4%, while personal income is expected to grow by 0.3% [4][5]. Stocks to Watch - Notable stocks near buy points include Spotify, Millrose Properties, Vistra, Nvidia, and Howmet Aerospace, with Spotify and Howmet already showing early entries. Vistra has gained 52% this year and is testing a buy point, while Nvidia has increased by 31% since January amid geopolitical tensions [3][6].