Benzinga examined the prospects for many investors’ favorite stocks during the last week — this is a take a look at a few of our prime tales.
The market ended a risky holiday-shortened buying and selling week on a excessive notice, as all three main indexes moved increased on Friday. The S&P 500 nonetheless ended the week decrease by 0.66%, the Nasdaq Composite squeaked out a acquire of 0.55%, and the Dow Jones Industrial Average fell by 2.70% for the week.
On Wednesday, the Federal Reserve mentioned U.S. financial progress and enterprise exercise stay comfortable in its newest Beige Book report. The Fed famous that its enterprise contacts all through the nation “typically anticipated little progress in the months ahead.”
Benzinga continues to look at the prospects for lots of the shares hottest with traders. Here are a couple of of this previous week’s most bullish and bearish posts which might be value one other look.
“Microsoft Will Surpass Apple, Google And Meta To Become ‘Sole’ Big Tech Leader On The Back Of ChatGPT, Says Expert,” by Ananya Gairola, explains why AI and Web3 professional, Alex Valaitis, believes that Microsoft Inc’s MSFT integration of the AI chatbot ChatGPT to its cloud-based Azure companies, will propel the corporate forward of different tech giants.
In “‘Tesla Has More Levers To Pull Than Any OEM,’ Says Analyst: Why He Sees 50% Upside For Stock Despite ‘Bumpier’ Trajectory,” Shanthi Rexaline particulars why a Jeffries analyst reduce his value goal on Tesla Inc TSLA, however nonetheless believes the EV maker will lead the business in direction of a greater enterprise mannequin.
“Palantir CEO Expects To Hire Hundreds More — Says Only Disaster ‘We Did Not Predict’ Was…,” by Bhavik Nair, reviews on feedback made by Palantir Technologies Inc PLTR CEO Alex Karp that he is trying to increase the corporate’s headcount as different know-how business friends cuts jobs.
For further bullish calls of the previous week, take a look at the next:
“Planet Fitness ‘An Illegal Billing Operation With Gyms On The Side’: Short Seller,” by Chris Katje, particulars a brand new quick report which lays out a case that Planet Fitness PLNT has points with overbilling, uncancellable memberships and is mendacity about its health club places.
In “Tesla Engineer Testifies: Self-Driving Video Elon Musk Promoted In 2016 Was Staged,” Adam Eckert writes about testimony from a senior Tesla engineer that a video the EV maker used to advertise its self-driving know-how in 2016 was staged.
“Dogecoin Co-Founder Slams Genesis Bankruptcy Filing: ‘Another Day, Another Dumb F***Ing Crypto Thing Dies,’‘ by Mehab Qureshi, particulars the response from Dogecoin DOGE/USD co-founder Billy Markus to the latest chapter submitting of Genesis.
For extra bearish takes, you should definitely see these posts: