U.S. jobs report, ISM PMI surveys, CES Conference will be in focus this week.
AMD is a buy, fuelled by anticipated AI advancements showcased in CEO Lisa Su’s CES keynote speech.
Cal-Maine Foods is a sell as it heads into a potentially disappointing earnings report with a weak outlook.
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Wall Street’s main indexes ended mostly higher on Friday, the first trading day of 2026, powered by gains in semiconductor names and AI-related stocks. Even so, all three indexes posted modest declines for the week.
Source: Investing.com
The 30-stock Dow Jones Industrial Average dipped 0.7%, the benchmark declined 1%, while the tech-heavy Nasdaq Composite lost 1.5% and the small-cap Russell 2000 fell 1%.
The first full trading week of the new year is expected to be an eventful one as the monthly jobs data headlines a busy start to 2026 for investors. The Street is expecting nonfarm job growth of 54K for the month, down from 67K in December. The unemployment rate is seen falling to 4.5% from 4.6%. In addition, the ISM manufacturing and services PMIs will also be closely watched.
Source: Investing.com
Elsewhere, on the earnings docket, there are just a handful of corporate results due, including Constellation Brands, , Jefferies Financial Group, Albertsons, and Applied Digital.
Meanwhile, investors in the tech and consumer sectors will have their eyes on the CES conference in Las Vegas. Notable companies to watch for product announcements, strategy reveals, or AI updates include Nvidia, , Intel, Qualcomm, Meta Platforms, Samsung, LG, Sony, and Motorola.
Regardless of which direction the market goes, below I highlight one stock likely to be in demand and another which could see fresh downside. Remember though, my timeframe is just for the week ahead, Monday, January 5 – Friday, Jan. 9.
Stock to Buy: Advanced Micro Devices
AMD stands out as a compelling buy this week, with the upcoming 2026 Consumer Electronics Show (CES) serving as a major catalyst. The key event is CEO Dr. Lisa Su’s opening keynote at CES 2026, scheduled for Monday at 6:30PM PT (9:30PM ET).
Su is expected to outline AMD’s vision for AI solutions spanning cloud, enterprise, edge, and devices, potentially unveiling fresh progress on AI chips and related technologies. AMD shares tend to rally during the week of its major product presentations. The semiconductor giant has a has a strong track record of receiving several analyst upgrades following its product launches.
Source: Investing.com
Analysts are optimistic, with a consensus Strong Buy rating based on 40 Buy and 11 Hold recommendations, implying a 26.5% upside potential for 2026. TD Cowen recently highlighted AMD as one of its top AI picks, with a $290 price target.
Fundamentally, AMD’s growth is underpinned by its AI product lineup, including the MI300 series accelerators, which are gaining traction against competitors like Nvidia.
Source: Investing.com
AMD shares ended Friday’s session at $223.47. Technically, the stock has shown resilience, rebounding from mid-2025 lows around $150 to current levels, with strong volume supporting the uptrend. If the keynote delivers on hype—such as new partnerships or product roadmaps—AMD could test its 52-week high near $270 soon.
As InvestingPro points out, AMD sports a Financial Health Score of 2.98 (
1 Stock to Buy, 1 Stock to Sell This Week: AMD, Cal-Maine Foods
