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Benzinga reviewed the outlook for many investors’ favorite stocks over the past week. Here’s a look at some of our top stories.
The market ended a volatile week of holiday-shortened trading on a positive note, with all three major indexes rising on Friday. The S&P 500 still ended the week down 0.66%, the Nasdaq Composite posted a gain of 0.55% and the Dow Jones Industrial Average fell 2.70% for the week.
On Wednesday, the Federal Reserve said economic growth and business activity in the United States remained weak in its latest Beige Book report. The Fed noted that its business contacts nationwide “generally expect weak growth in the months ahead.”
Benzinga continues to review the outlook for many of the most popular stocks with investors. Here are some of the most bullish and bearish messages from the past week that are worth revisiting.
Bulls
“Microsoft will surpass Apple, Google and Meta to become the ‘only’ big tech leader on the back of ChatGPT, expert says”, by Ananya Gairola, explains why AI and Web3 expert Alex Valaitis believes that Microsoft’s MSFT integration Inc from AI chatbot ChatGPTto its cloud-based Azure services will propel the company ahead of other tech giants.
In “‘Tesla has more levers to pull than any OEM,’ analyst says: Why it sees stocks up 50% despite ‘bumpy’ trajectory”, Shanthi Rexaline explains why a Jeffries analyst has slashed its price target on Tesla Inc’s TSLA, but still believes the EV maker will lead the industry toward a better business model.
“Palantir CEO expects to hire hundreds more, says ‘We didn’t predict’ disaster was…”, by Bhavik Nair, reports comments from Palantir Technologies Inc PLTR CEO Alex Karp that he is looking to increase the company’s workforce as other tech industry peers cut jobs.
For other bullish calls from the past week, check out the following:
Apple mentioned the word 23 times during Tuesday’s launch, Munster thinks it can boost Mac growth by up to 5%
Not Apple or Spotify: this platform is the best choice for listening to podcasts
Benzinga’s Stock Whisper Index: 5 Stocks Investors Are Secretly Watching, But Not Talking About Yet
The Bears
“Planet Fitness ‘An Illegal Billing Operation With Gyms On The Side’: Short Seller”, by Chris Katje, details a new short report that exposes a case where Planet Fitness PLNT has issues with overcharging, non-cancellable memberships and lying about its gym locations.
In “Tesla Engineer Testifies: Self-Driving Video Elon Musk Promoted In 2016 Was Staged,” Adam Eckert writes about a senior Tesla engineer’s testimony that a video used by the electric vehicle maker to promote its driving technology autonomous in 2016 was staged.
Dogecoin Co-Founder Slams Genesis Bankruptcy Filing: “Another Day, Another Dumb F***ing Crypto Thing Dies,” by Mehab Qureshi, Details Reaction of Dogecoin DOGE/USD Co-Founder Billy Markus , to Genesis’ recent bankruptcy filing.
For more bearish takes, be sure to see these messages:
Jamie Dimon Is Bullish On Blockchain, But Says Bitcoin Is A ‘High-Voltage Fraud’ And Satoshi Nakamoto Could Be Waiting To ‘Laugh At Y’all’
‘Bring the Robots Back’: Tesla Short Seller Pokes Holes in EV Giant’s Upcoming ‘Bull Story’
Google fires only the latest tech bloodbath
Keep up to date with all the latest trading news and ideas by following Benzinga on Twitter.
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