Investors are keenly focused on the Federal Reserve's upcoming policy meeting and critical economic indicators. Last week's mixed results set the stage for potential volatility and pivotal movements this week. Trump's endorsement of cryptocurrency has substantially boosted Bitcoin, while Ethereum continues to struggle following recent ETF-related setbacks. 

Major Forces At Work

Several key factors are influencing the market this week:

• Federal Reserve Policy Meeting: While an immediate rate cut is unlikely, hints at potential easing in September could significantly impact market sentiment.
• Key Economic Indicators:
  • Consumer Confidence Index
  • ISM Manufacturing PMI 
  • Nonfarm Payrolls and Unemployment Rate. Reports will provide insights into consumer sentiment, manufacturing health, and labor market conditions.
• Earnings Reports: Major companies, especially in the tech sector, are releasing earnings this week.

Top 10 Stocks to Watch This Week

• Apple (NASDAQ: AAPL): The focus will be on services growth and guidance for the September quarter, with potential new product announcements.
• Amazon ((NASDAQ: AMZN): Strong earnings expected, driven by its cloud services and e-commerce segments.
• Microsoft (NASDAQW: MSFT): Positive results are anticipated from its cloud and AI initiatives, with potential updates on AI advancements.
• Shake Shack (NYSE: SHAK): Earnings will highlight performance in the fast-casual dining sector, with analysts watching for recovery signs amid changing consumer behavior.
• Teleflex (NYSE: TFX): Expected earnings will indicate health sector performance amid ongoing demand for medical technologies, focusing on recent product launches.
• Wayfair (NYSE: W): Reporting earnings that will reflect consumer spending trends in online retail, with a focus on inventory management and operational efficiency.
• Ionis Pharmaceuticals (NASDAQ: IONS): Speculative interest due to its key role in RNA-targeted drug discovery and upcoming earnings report, with potential new data on pipeline progress.
• Nvidia (NASDAQ: NVDA): Nvidia is a key watch this week due to significant analyst upgrades and the anticipated launch of its Blackwell GPU later this year.
• Intel (NASDAQ: INTC): Updates on its turnaround strategy and advancements in chip manufacturing will be crucial as the company aims to regain market share in the semiconductor industry.
• Tesla (NASDAQ: TSLA): Investors seek insights into the company's production capabilities and market expansion, particularly in new regions and product lines.

The Federal Reserve's policy meeting and key economic data releases will heavily influence market sentiment this week. Trump's crypto endorsement has boosted Bitcoin's price, with analysts expecting continued volatility and potential gains. Prepare for a busy and exciting week ahead. 

Sean Kelland does not have positions in any of these companies. Stocks.News has positions in Apple, Amazon, Microsoft, Intel, and Tesla.