Facebook (FB), one of the “FANG” stocks that have been driving the rally for years now, stumbled by nearly 7% to start off the week…and it took the whole market with it. The selloff stemmed from concerns on how the social media giant handled user information during the presidential campaign. Such worries are nothing new by themselves, but investors are anxious that it could lead to more regulations. At the same time, the market is also concerned about the latest Fed meeting, which starts tomorrow. A rate hike is widely expected on Wednesday, but fears appear to be growing that the Committee could set the table for more than just three hikes this year. This one-two punch of Facebook and the Fed amid ongoing uncertainty over trade meant that the major indices didn’t have much of a chance on Monday. Though the indices came off their lows of the session, each still dropped by well over 1%. Of course, the tech-heavy NASDAQ had the worst day due to the Facebook situation. It was down 1.84% (or nearly 140 points) to 7344.2. The S&P declined 1.42% to 2712.9 and the Dow is now on negative ground for the year after a slip of 1.35% to 24,610.9. “Big week started off with a bang and a win for the bears. I expect the bulls to give it a try tomorrow and the true direction to show itself after the Fed,” said Jeremy in Counterstrike. In the portfolios today, Options Trader bought a few calls in a company that is primed to move higher according to the editor, while Black Box Trader replaced 5 names in its weekly adjustment. Learn more about these moves in the highlights section below, along with how AI is about to revolutionize transportation in this week’s Zacks Confidential. Today's Portfolio Highlights: Options Trader: Kevin sees an upside breakout in the making for Central Garden (CENT), a producer of branded products for the lawn & garden and pet supply markets. This Zacks Rank #2 (Buy) has a 1-year projected earnings growth rate of 26% and has an attractive P/S ratio of 1.06. The editor thinks this stock will get up to $48 in the near term, so on Monday he bought to open 3 July 45.00 Calls in CENT. Read the complete commentary for more. Black Box Trader: The portfolio replaced half of its positions this week. The stocks that were sold include: • Express Scripts (ESRX) • Builders FirstSource (BLDR) • Nordstrom Inc. (JWN) • U.S. Steel (X) • Sprouts Farmers Market (SFM) The new buys that replaced these names are: • Fiat Chrysler (FCAU) • American Airlines (AAL) • Allegheny Tech (ATI) • Centene Corp (CNC) • XPO Logistics (XPO) Read the Black Box Trader’s Guide to learn more about this computer-driven service designed to take the emotion out of investing. Zacks Confidential: We all know how technology can transform industries once it gets a foothold...and the next target appears to be transportation. In the next five to ten years, the way you go to work, go on vacation or even get packages delivered could change significantly thanks to automation and AI. Jeremy Mullin is on top of this transportation revolution, so Kevin asked him to take the helm of Zacks Confidential this week. Learn about the next big investment opportunities and two top stocks that will help you take advantage: The Future of Transportation. Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >> Zacks Investment Research