Zinger Key Points
- Tesla vehicles in Colorado can cost as low as $14,780 after incentives, driving significant savings.
- Super Micro Computer faces allegations of accounting manipulation and governance issues, leading to stock decline.
- Get New Picks of the Market's Top Stocks
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
At the end of August, the S&P 500 posted a 2.3% gain for the month, while the Dow rose nearly 1.8%, and the Nasdaq Composite advanced by 0.7%. The S&P 500 recorded its fourth consecutive month of gains, supported by strong performances in consumer staples, real estate, and health care sectors.
The U.S. economy showed robust growth of 3% in the second quarter, a notable acceleration from the 1.4% increase in the first quarter, reflecting the economy’s resilience despite ongoing high interest rates.
Additionally, initial jobless claims for the week ending Aug. 24 came in slightly below expectations, indicating some improvement in the labor market.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“A Tesla Car Costs Less Than $20K If You Live In This State: Elon Musk Agrees It Has ‘Best EV Incentives In Country,’” by Shanthi Rexaline, details how Tesla Inc. TSLA vehicles in Colorado can cost as low as $14,780 after state and federal incentives, with Elon Musk endorsing Colorado's EV incentives as the best in the country.
“Dogecoin Forming A Bottom, Poised For Bull Run Starting Early September, Trader Says,” by Khyathi Dalal, shares that a crypto analyst predicts Dogecoin DOGE/USD may begin a bull run in early September, potentially increasing its price to $0.31 by year-end based on historical cycles.
“Lucid Air EV ‘Indestructible’ In New Retrofit: Here’s How Much The ‘Fastest Armored Car On The Planet’ Costs,” by Chris Katje, reveals that a third-party retrofit of the Lucid Group, Inc. LCID Air Sapphire has transformed it into an armored vehicle with advanced defense features, costing $475,000, making it the fastest armored car on the planet.
For additional bullish calls of the past week, check out the following:
Apple September 9 ‘Glowtime’ Event: Here’s Everything Cupertino Is Expected To Launch
The Bears
“Super Micro Computer Stock Falls On Short Report: Hindenburg Says Company Has ‘Accounting, Governance And Compliance Issues,’” by Chris Katje, highlights Hindenburg’s allegations that Super Micro Computer, Inc. SMCI engaged in accounting manipulation, sibling self-dealing, and sanctions evasion, causing the stock to drop as investors react to concerns about the company’s governance and compliance.
“Mexican Stocks Plummet, Peso Drops To 20-Month Lows As Investors Run From Judicial Reform,” by Piero Cingari, reports that Mexican stocks and the peso tumbled as investors reacted negatively to Mexico’s judicial reform proposal, affecting major companies like Grupo Bimbo S.A.B. de C.V. GRBMF and Cemex S.A.B. de C.V. CX.
“Mark Zuckerberg Reveals Biden Administration Pressured Meta Platforms To Censor Certain COVID-19 Content, Vows To Resist Pressure In Future,” by Vandana Singh, reports that Mark Zuckerberg disclosed that Meta Platforms, Inc. META faced pressure from the Biden administration to censor specific COVID-19 content during the pandemic, a decision he now regrets and vows to resist in the future.
For more bearish takes, be sure to see these posts:
Delta Air Lines Stock Nears Death Cross: Time To Fasten Your Seat Belt?
Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence via Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
