Benzinga has been exploring the prospects for many investors’ favorite stocks over the past week — here’s a look at some of our top stories.
The Dow Jones Industrial Average rallied on Friday, ending the week up 5.37% and finishing its fourth straight week of gains, despite some disappointing earnings reports from big tech companies.
The S&P 500 is up 3.70% for the week, while the Nasdaq Composite is up 2.17%.
Highlights of the week included Thursday’s Bureau of Economic Analysis reporting that U.S. GDP grew 2.6% in the third quarter and Tesla’s CEO being fired on Friday Elon Musk’s $44 billion acquisition of social media platform Twitter.
Benzinga continues to examine the prospects for many of investors’ favorite stocks. Here are some of the most bullish and bearish posts from the past week that are worth another look.
The cops
Watch Out Tesla: Here’s How Many Electric Vehicles Sold In The Third Quarter by Chris Katje describes the growing number of electric vehicles General Motor Company GM reported third-quarter sales.
In “Elon Musk’s Love Affair With Dogecoin Continues As Twitter Considers Crypto Wallet,” AJ Fabino writes that Twitter Inc According to reports, TWTR is working on a cryptocurrency wallet that could support the use of Dogecoins DOGE/USD, Elon Musk’s favorite crypto.
“You can now get a new Apple Mac with monthly payments every 3 years thanks to BestBuy,” reports Ananya Gairola Best Buy Co Inc BBY announced a Mac equivalent of AAPL by Apple Inc iPhone upgrade program that allows users to lease a laptop for three years.
For more bullish calls from the past week, see:
The party’s on: Investors are piling into risky assets and saying no to government bonds
Bullish interest returns to the bed bath and beyond: here are the levels to watch
Ethereum Rally Outshines Bitcoin, Dogecoin Gains: Analyst Sees ETH-BTC Flipping on the Horizon
The Bears
“Meta platforms is now the second most profitable stock for short sellers in 2022, behind only Tesla,” by Wayne Duggan, noting this as the price of Meta Platforms Inc META stocks plummet, short sellers have rallied more than $6 billion in gains year-to-date.
This is what Shivdeep Dhaliwal writes in “Microsoft sees dark clouds over Azure business amid PC market slump”. microsoft corp MSFT lowered expectations that cloud-computing demand would mitigate the slumping PC market during its first-quarter earnings conference call this week.
“Tesla Bull Cuts Price Target: Geopolitical Issues and US-China Economic Ties Keep Stocks Volatile,” by Shanthi Rexaline, explains why Morgan Stanley analyst and Tesla Inc TSLA bull Adam Jonas lowered his price target for Tesla shares from $350 to $330.
For more bearish attitudes, see these posts:
Former Fed Vice Chairman Roger Ferguson believes markets are wrong and rate hikes will continue into 2023
YouTube, Google Search hit by ad slumps in Q3 – CFO foresees ‘major headwinds’ from strong dollar
Amazon plans to tighten its belt in the fourth quarter, with a hiring freeze after a drop in sales
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