The week starts with key earnings reports from major companies such as Apple, Microsoft, Meta Platforms, and Tesla. The Fed meeting is also on the horizon, expected to maintain its current interest rate range of 3.50-3.75%. Durable Goods Orders for November show a significant +5.3% increase, the strongest monthly growth since May last year.

Excluding transportation, Durable Goods Orders are up +0.5% from the previous month, indicating positive business investment. Shipments also exceed expectations at +0.4%. These strong economic indicators lessen expectations for Fed rate cuts. Marquee earnings reports this week include Apple, Microsoft, Meta Platforms, and Tesla, with varying growth projections for each company.

A Zacks-recommended semiconductor stock is positioned for growth in AI, machine learning, and IoT markets. Global semiconductor manufacturing is forecasted to nearly double by 2028, making this company a promising investment opportunity. Interested investors can access more information on this stock and other top recommendations from Zacks Investment Research.

Read more at Nasdaq: Mag 7 Earnings Week Also Brings New Fed Policy