- Benzinga has examined the prospects for many investor favorite stocks over the past week.
- The week's bullish calls included an oil supermajor and cloud stocks.
- A top electric vehicle maker and a COVID-19 vaccine play were among the bearish calls.
The U.S. approval of a second COVID-19 vaccine helped the big U.S. indexes end the past week marginally higher, led by an almost 3% gain in the Nasdaq. This despite word of a major cyberattack on U.S. federal agencies and some companies.
Last week also saw the latest from the Federal Reserve, Bitcoin surging to new record levels and a major resignation from the outgoing administration. A big marijuana merger was announced, the iPhone maker is ramping up production as the holiday season winds down, and the FTC wants more from the social media giants.
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
"Tesla's Big Advantage Over Legacy Automakers? Software, Says Munster" by Shivdeep Dhaliwal examines an advantage Tesla Inc TSLA enjoys over legacy automakers that is both clear and profitable. Can the stock rise to $2,500 a share in the next three years?
Aditya Raghunath's "Amazon, DocuSign, Morgan Stanley, And More — UBS Conviction Picks For 2021" focuses on Amazon.com, Inc. AMZN, Morgan Stanley MS and several other top stock picks for 2021 from a European analyst.
Exxon Mobil Corporation XOM is poised to benefit as oil demand recovers to pre-pandemic levels in the coming years, and shares have an attractive valuation. So says Priya Nigam's "Goldman Sachs Upgrades Exxon Mobil On Improving Oil Demand Outlook, Valuation."
In "BofA Reinstates Coverage Of Cloud Stocks, Names Top Picks For 2021," Wayne Duggan discusses why Salesforce.com, Inc. CRM and ServiceNow Inc NOW have more room to run and are top picks in the cloud services arena for the coming year.
In Jayson Derrick's "Why Comcast Is 'Ready To Breakout' In 2021," see why, as the pandemic eases, Comcast Corporation CMCSA stock could prove to be a winner in 2021. The media and technology giant has several catalysts, and shares are undervalued, says a top analyst.
For additional bullish calls of the past week, also have a look at the following:
- What's On The Menu? Wells Fargo Cooks Up Some Stock Picks
- Will GE's Stock Reach $20 By 2022?
- 12 Emerging Technologies To Watch In 2021
Bears
In Shivdeep Dhaliwal's "Tesla Fated For Similar Downfall As Tilray, Stock To Hit $60-$80 Levels In 2021, Says Long-Term Bear," an expert suggests the leading electric vehicle maker's inclusion in the S&P 500 could bring its moment to a halt. How far could the stock plummet in the coming year?
Shanthi Rexaline's "Moderna Analyst: COVID-19 Vaccine Value Largely Reflected In Stock" shows why a top Moderna Inc MRNA analyst stepped to the sidelines last week. See what the analyst believes is likely to dictate the stock's movement in the short term.
"The 'Most Ridiculous IPO' Of 2020? Citron Hits DoorDash With $40 Target" by Chris Katje makes the case that the valuation of DoorDash Inc DASH stock following its initial public offering is not credible. It is "far from being the most dominant player in the market" points out a notorious short seller.
United Airlines Holdings Inc UAL and some of its rivals have flown too high too fast, resulting in double downgrades, according to "JPMorgan Downgrades Airlines JetBlue, Spirit, United, Recommends 'Selective Profit-Taking'" by Wayne Duggan.
Be sure to check out the following additional bearish calls:
- Berkshire's Charlie Munger Warns Against Market Frenzy, Expects Lower Returns In Next Decade
- Should Investors Expect A Tax-Driven Stock Market Sell-Off In The Next 2 Weeks?
- Why You Should Approach The Stock Market's Rally With Caution
At the time of this writing, the author had no position in the mentioned equities.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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