Stocks on Wall Street closed higher on Friday, entering the final quarter of 2021 in a buoyant mood. However, the benchmark still suffered its worst weekly decline since February, falling 2.3%, as worries over the Federal Reserve’s tapering plans sapped investor risk appetite.
Between another batch of important economic data—including the latest U.S. report—as well as notable earnings from companies like PepsiCo (NASDAQ:), Constellation Brands (NYSE:), and Levi Strauss (NYSE:), the week ahead is expected to be an eventful one.
Regardless of which direction the market goes, below we highlight one stock likely to be in demand in the coming days and another which could see fresh losses.
Remember though, our timeframe is just for the week ahead.
Stock To Buy: General Motors
General Motors (NYSE:) will be in focus as the world’s third-largest automaker hosts a highly anticipated investor day event on Wednesday, Oct. 6.
At the event, Chief…