- Benzinga has examined the prospects for many investor favorite stocks over the past week.
- The bullish calls this past week included top bank and aerospace stocks.
- Electric vehicle makers and hotels were featured among the week's bearish calls.
Waning uncertainty about the outcome of the presidential election and hopes that a COVID-19 vaccine may be coming soon helped to buoy the markets this past week, even as coronavirus cases and deaths spiked, prompting new lockdowns.
The Dow Jones industrials ended the week about 4% higher, and the S&P 500 saw a gain of more than 2%. However, the Nasdaq lagged as some tech giants faced new antitrust investigations.
Positive earnings also helped, ahead of the impending results from retailers and what they may say about the coming holiday shopping season. Singles Day was even larger than Prime Day, and demand for the new PlayStation has been huge.
It was also a week that saw oil prices rise, cryptocurrency inching toward widespread use, and the Nasdaq possibly looking for a new home.
Through it all, Benzinga continued to examine the prospects for many of 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.
Bulls
Apple Inc. AAPL analysts had a few thoughts on the company's "One More Thing" event held last week, according to Chris Katje in the piece "Apple Succeeds In 'Getting Us To Talk About The Mac After Years Of Obscurity'." See what they believe are the prospects for the new M1 chip.
In "Walt Disney Analysts Bullish As Disney+ Gains Ground On Netflix," Wayne Duggan discusses how strength in the various Walt Disney Co DIS streaming services has offset pandemic-induced weakness and the dividend suspension. Is the stock poised to be a great recovery play?
Priya Nigam's "Why BofA Is Raising Price Targets For Banks" is focused on what the prospects for a COVID-19 vaccine and a split Congress could mean for the stocks of Citigroup Inc C, Wells Fargo & Co WFC and many of their national and regional peers.
"JPMorgan Upgrades Raytheon, Spirit AeroSystems, Says Aerospace 'More Investable'" by Jayson Derrick examines what makes Raytheon Technologies Corp RTX and other aerospace stocks more investable now and why investor interest is expected to grow.
For additional bullish calls in the past week, also have a look at the following:
- Will US-China Relationship Improve Under Joe Biden?
- How Financial Markets Are Becoming More Diverse: 'The Retail Investor Looks Like Me'
- Which Consumer Discretionary Stock Will Grow The Most By 2025?
Bears
In Shanthi Rexaline's "Why Tesla Bear Gordon Johnson Is Forecasting Sequential Volume Decline In Q4," see why Tesla Inc TLSA may be facing a rough fourth quarter due in part to continued weakness in China demand. Where is its market share going?
"Analyst Breaks Down Leisure Industry's Near-Term Outlook, Hotel Pricing Power" by Jayson Derrick says that the likes of Hilton Hotels Corporation HLT face a difficult near-term picture, as the group is not expected to begin to recover fully until the second half of 2021 or later.
Wayne Duggan's "Citron Pulls Plug On Nio, Says Valuation 'Can Never Be Justified'" shows why Nio Inc NIO has two major vulnerabilities in the near term. There are better ways to play the China EV story, says the analyst featured in the article.
Michigan's governor intends to shut down an oil pipeline owned by Enbridge Inc ENB. In "Enbridge Stock Could See Pressure As Whitmer Orders Shutdown Of Michigan Pipeline," Chris Katje looks at whether other pipelines are on the chopping block after Inauguration Day.
Be sure to check out these additional bearish calls: Bill Ackman Bets Against Market Recovery Again, Despite COVID-19 Vaccine Hopes and These Tech Giants Will Take The Brunt Of China's Antimonopoly Rules, As Per Morgan Stanley.
At the time of this writing, the author had no position in the mentioned equities.
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