1 Stock to Buy, 1 Stock to Sell This Week: Tesla, Nike

U.S. September jobs report, ISM PMI surveys will be in focus during the week ahead.
Tesla is a buy with better-than-forecast Q3 deliveries expected.
Nike is a sell as it prepares to release earnings that are likely to disappoint along with weak guidance.
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U.S. stocks ended higher on Friday following the release of the latest PCE inflation data, but the three major indexes still posted losses for the week.
Source: Investing.com
The S&P 500 and tech-heavy Nasdaq Composite snapped three-week streaks of weekly gains, falling 0.3% and 0.7% respectively. The 30-stock ended 0.2% lower for the period, while the small-cap shed 0.6%.
More volatility could be in store in the week ahead as investors assess the outlook for the economy, inflation, interest rates and corporate earnings amid ongoing trade tensions.
Most important on the economic calendar will be Friday’s U.S. employment report for September, which is forecast to show the economy added 39,000 positions. The unemployment rate is seen holding steady at 4.3%. In addition to the jobs report, the ISM manufacturing and services PMIs will also be closely watched.
Source: Investing.com
That will be accompanied by a heavy slate of Fed speakers, including district governors Chris Waller, Raphael Bostic, John Williams, and Alberto Musalem all set to make public appearances. Markets continue to price in two quarter-point rate cuts at the Fed’s upcoming meetings, which is what the central bank has projected.
And while the earnings season is all but over, a few notable companies will report in the coming week, including (NYSE:NKE), , , , and .
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, September 29 – Friday, October 3.
Stock to Buy: Tesla
(NASDAQ:TSLA) emerges as the compelling buy opportunity this week, with multiple catalysts converging that could drive significant upside beyond current market expectations.
TSLA stock closed Friday’s session at $440.40, well above both its 50-day ($351.96) and 200-day ($334.47) moving averages. Pivot points show near-term resistance at $442.36, with support at $436.17–$433.90.
Source: Investing.com
The primary catalyst is its upcoming third-quarter EV delivery and production report, scheduled for Thursday morning, which has the potential to handily beat a relatively low bar set by Wall Street. Analyst consensus from FactSet projects global Q3 deliveries at approximately 448,000 vehicles, a 17% increase from Q2 but a 3% decline year-over-year.
However, the Kalshi prediction market is far more optimistic, forecasting a record-breaking 505,000 units. This bullish outlook is driven by consumers likely rushing to capitalize on the $7,500 EV tax credit, set to expire on September 30. Tesla produces the Model 3, the Model Y, Model X and Model S, as well as the Semi and Cybertruck.
Beyond the delivery numbers, what could also drive Tesla’s stock higher are the ongoing developments in its self-driving ambitions. CEO Elon Musk announced that Full Self-Driving (FSD) Version 14 will have an